Central Florida Pool Builder

Business Overview:

Company has been one of the top pool builders in Central Florida market for nearly 20 years. Enjoys a great in-house sales staff focused on consumer sales but also enjoys strong builder relationships that could be expanded to other regional hubs. Revenue mix is well diverse with the Company well known for timely and quality deliveries earning praise from satisfied customers.

Focus is on pool construction only with in-house construction staff overseeing dedicated 1099 crews/subs. Given Central Florida's continued growth, scalable opportunities include pool renovation, servicing and territorial expansion. Internal manager continues to be groomed to oversee entire operation.

Company continues to focus on strong margins with WIP currently just under $8MM. Offering includes minimum working capital of $1.5MM that would be adjusted based on ongoing activities. Outside of Web support, the Company does no extensive marketing as its large network of satisfied customers are its best source of advertising. Transitional requirements of Owners are negotiable.

RE can be leased or purchased.

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Property Features and Assets:

Business assets include various office equipment and furnishings along with multiple vehicles for sales and construction supervisors. An estimated $50,000 of inventory is included along with a minimum working capital of $1.5MM. $150,000 of tenant improvements was recently expensed for design and office center. RE is available for lease ($7,000/month) or purchase ($900,000) consisting of 2 commercial condo units of 2,700 SF each that houses design/sales and administrative staff, respectively.

Market Competition and Expansion:

Company is considered one of the Top 3 pool contractors in Central Florida with a focus on individual consumer sales and homebuilder's new construction needs, oriented towards moderate to upper end housing. The Company is not focused on the commodity builder trade, pushing volume with more moderate margins. Average pool cost is just under $80,000 and rising with margin emphasis employed. Company enjoys seasoned sales staff. Company is known for timely and competitively priced pool packages and has substantial client base secured over the years.

Company’s is focused on supervising pool construction only with major efforts subbed out to a number of captive sub crews. Despite weekly requests pool renovation services are not extended that could represent a scalable revenue opportunity. Additionally, opportunities with builder relationships could expand into other Florida regional hubs.

Reason for Selling:

Additional Details:

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