71310- Pool Contractor with 28% EBITDA
For Sale in IN
Financial & Assets Details
About the Business
The Company is a leading Indiana specialty contractor specializing in the design and construction of custom high-end in- ground swimming pools, spas, ponds and water features for residential and commercial properties. The Company’s primary services include custom designed swimming pools and spas. The Company operates from a 5,400-square foot facility, which is held in a separate entity controlled by the owners. Approximately 80% of revenues are derived from the sale of its services to commercial properties, including apartment complexes, condominiums and recreation centers. The remainder of sales are comprised of high-end single-family residences. No longer bidding on municipal, there’s room for growth here. Pool work is done in house, excavation, trucking and other special trades are outsourced. In 2016, the Company generated revenue of $2m with adjusted EBITDA of $592k.
Leading Indiana pool contractor - 28% EBITDA margin - Consistent profitability - Strong reputation - 4 non-union employees - Equipment and vehicles valued at $368k - Inventory valued at $50k - Owner willing to stay for transition period - Market for growth.
Three leased 1,800 square foot suites. Of the 5,400-square feet the company utilizes, 1,800-square feet (30’ x 60’) is used for office space, 3,600 square feet is used for production and storage. The property is owned by the business owners, available to lease.
Support & Training
Though the owners don't wish to be part of day to day operations past transitioning, they are available for design, sale and consultation for an extended transitioning.