Businesses for Sale RETURN

LISTING#: BBF-418100128 Repair Services: Home & Garden Equipment & Appliance Repair & Mtce
Construction|Contractor Pool
LOCATION: Florida --> South Florida --> Martin County - Martin county
ASKING PRICE
$1,300,000
AMOUNT DOWN
$1,300,000
REVENUES:
$2,010,000
ADJUSTED CASH FLOW
$605,000
TOTAL ASSETS
$143,716

PRICE REDUCED  This 25 year old pool resurfacing/repair business on track for $600k in owner earnings for 2021.  There is a ~6-month backlog of high-margin business already booked and on the board.  Prior year owner earnings were close to $400k /yr.  Price is firm and seller has turned down slightly less than full price.  

The majority of the revenue comes from residential and commercial pool resurfacing, with a meaningful amount of pool remodeling, repair, tile work and pool equipment repair/replacements as well.  The majority of the local business comes from St. Lucie, Martin and N. Palm Beach Counties for standard residential work, and all of the US, the Caribbean islands and even South America for a smaller % of high-end/high-profit residential and large commercial jobs.  A strong database of past clients all over Florida, the US and elsewhere (with many of those likely to be future clients as well) comes with the business.

This is one of the most sought-after types of business; being long-established, year-round in nature, strongly recession-resistant, with a lot of repeat and referral clients.

Much of the business is run out of the 5 vehicles (currently valued at over $80,000, included in sale) by the 9 trusted employees, with $36,000 in specialized contractor tools (included in sale) and employees who know how to use them. It could be relocated to any small warehouse or flexplace in the region, but the current space is ideal, landlord is easy to get along with, rent is low. 

Seller also has extensive experience and success at starting/growing/selling pool service routes and doing full pool construction and installation and could assist a buyer with these endeavors as well to expand the business scope (and qualify with the contractor license for a time if needed - terms to be discussed). 

2021 financial information is an estimate based on seller representations and currently back-logged jobs.

SBA pre-qualified, with appx. 10%-20% down, depending on buyer's financial strength and background. All information is based on seller's representation and not warrented or independently verified. 

 
Contact:  Jeffrey J Manera
Phone: 
E-Mail:  tcbusinessbrokers@gmail.com
TC Business Brokers
614 Greenwood Village Blvd #C
West Melbourne, FL 32904
www.tcbusinessbrokers.com

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