Details - Information last confirmed on May 4, 2021
This is an opportunity to acquire a pool installation and maintenance service business integrated with a retail storefront located in West GTA. In business for over 12 years, the company generates majority of its revenue from the sale of chemicals, and parts for the maintenance of swimming pools and hot tubs. In addition, the business provides cleaning, opening, closing, and pool installation and renovation services.
The company is the only authorized dealer of Bioguard products in its region. For its construction projects, the company acts as a general contractor, outsourcing construction to sub-contractors to reduce fixed labor costs. Revenue from construction and maintenance service projects is seasonal, peaking in the summer months and slowing down during winters. Through its focus on exceptional customer service, the company has established a loyal customer base and their pool service business is in extremely high demand with an extensive waitlist. Consequently, the company has a robust pipeline of maintenance and service projects, some of which have been pre-booked up to three years in advance. The business enjoys strong referral-based clientele.
Considered an essential service, the company faced minimal disruption during the pandemic due to lockdowns. As homeowners have curtailed travel and diverted savings into home renovation, the demand for pool and hot tub installation and maintenance service contractors has been on the rise. Going forward, a low cost of borrowing and the continuing relocation of families away from densely populated cities is expected to generate tailwinds for this business.
The opportunity is ideal for an existing landscaping business or general contractor looking to diversify its service offerings. The opportunity is also ideal for an individual buyer seeking to acquire an established business with a loyal customer base as an owner operator.
A normal working capital amount of $130,000 is included in a share transaction.
Asking Price: $499,000
Revenue: $ 1,304,000
Normalized SDE: $ 187,500
Working Capital (Incl.): $130,000
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