Price: $699,000
Location: Lakeland, FL
Industry: Other Service Businesses
Listing ID: 423600164
Listing Status: New
64k + monthly revenue - Mostly contracted! Recent price increases across the board have not yet manifested into the financials - Upside is baked in!
The Company is well established, growing and profitable commercial pool cleaning and repair service that has operated since 2005. With almost Zero customer attrition and consistent year over year growth, the service culture of this company and long standing relationships with customers has propelled it to number one in its market area.
The client base is made up of both commercial and residential customers with commercial being the bulk of the business for both service and repair. The clients have been around on average 5-6 years. The currently monthly billings are over $64,000 per month in base revenue, plus there is typically 20-25% additional revenue coming from repair work.
Highlights:
• Over $64,000 in current reoccurring monthly revenue, expected to grow substantially in Q1 2023
• Averages an additional 20-25% in repair work each year
• Commercial accounts all on one-year contracts with very low churn (90% of Revenue)
• Residential accounts in areas with best demographics and high average rates (10% of Revenue)
• Organic account growth and increased profits every year
• Experienced and reliable technicians
• Can be home based
Interested parties are encouraged to complete the Contact form on this site and a non-disclosure will be sent to you.
Down Payment: N/A
Total Sales: $1,083,000
Cash Flow: $202,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
Accounts Receivable Included: No
FFE: $100,000
FFE Included: Yes
Inventory: $5,000
Inventory Included: Yes
Year Established: 2005
Owner Hours Per Week: 40
Lender Pre-Qualified: No
Non-Owner Payroll: N/A
Employees: 8
Managers: 0
Absentee Owner: No
Security on Lease: No
Real Estate: N/A
Real Estate Included: No
Monthly Rent: N/A
Type of Location: Home based
Franchise: No
Relocatable: Yes
Facilities Information: Fleet of service vehicles included plus inventory of chemicals and parts. Can be run from home office as techs take vehicles home. $20,000 in cash flow deducted in financials that can be added back if home office.
Reason For Sale: Partnership dissolution
Training & Support: 1 month included, will stay longer if buyer needs more transition period with negotiated agreement
Competition: Largest commercial pool service in the area with best reputation for dependability
Potential Growth: Active marketing could grow the company. Currently they utilize a website and business mainly comes from word of mouth/referrals.