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Central Florida Pool Builder

Seminole County, FL

Seller Financing Available

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Asking Price:$16,500,000
Inventory:$50,000
FF&E:$409,230
Established Year:2006
Gross Revenue:$37,943,796
EBITDA:$5,538,868
Real Estate:$900,000
Listing ID: 2277210Listing provided by BizBuySell
BUSINESS DESCRIPTION

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.

Release of CIM is subject to demonstrated financial capacity and industry specific experience.

DETAILED INFORMATION
Location
Seminole County, FL
Inventory
Included in asking price
Real Estate
Owned
Building SF
5,400
Employees
16
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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. $150K of tenant improvements was recently expensed for design and office center. RE is available for lease ($7,000/month or purchase at $900,000) consisting of 2 commercial condo units of 2,700 SF each that houses design/sales and administrative staff, respectively.
Competition
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 now over $65K 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.
Growth & Expansion
Company’s is now 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
Financing
Negotiable
Support & Training
Up to 4 weeks at $0 cost with longer transition possible.
Reason for Selling
Pursue other interests.
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Brad Carpenter
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Brad Carpenter
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