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Listed by:

Legacy Venture Group

Tampa Bay Commercial Pool Cleaning Repair Service In Tampa Bay Area For Sale

Tampa Bay Area, Florida, US
Asking Price:
$849,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,625,708
Cash Flow:
$285,778

This company cleans, services, and repairs exclusively for commercial clients such as apartment communities and HOAs. They have a full team in place. The owner oversees the books and client relations but is not involved in day-to-day pool service.

Business growth has been strong.

The company has around 220 pools and close to 180 clients. They focus on serving multi-family communities in Pinellas, Hillsborough, and Manatee Counties. The owner estimates that there are between 7,000 and 8,000 commercial properties, so there is potential to grow. They have not aggressively pushed any marketing over the last couple of years. They have recently been growing through referrals and their website presence.

The owner does not clean pools.

The company has been successfully serving clients since 2015. They have a fleet of 12 vehicles and a 10-member team servicing pools and making repairs.

Their technicians maintain correct chemical levels in swimming pools and spas, clean filters, tiles, pumps, and lines to prevent unusual wear and tear and keep equipment working satisfactorily and safely. This company provides all chemicals used in their Scope of Service.

They also maintain periodic report logs in compliance with the Florida Department of Health code standards.

This company has a qualified repair team who provide advice, troubleshoot issues, and repair pool equipment.

Services are typically provided Monday through Friday during normal business hours.

Property Information

Real Estate:

Lease

Lease Terms:

Current lease through September 2023

Leasehold Rent:

$38,400 per annum

Location:

Business leases warehouse/storage in the northern part of Tampa Bay. Rental payments are $3,210 per month.

The location could be moved at the end of the lease for the convenience of the buyer, but they have a satisfactory warehouse with a reasonable lease.

Business Operation

Expansion Potential:

There is room to grow this business. Consider that there are over 7,000 potential clients just in the market area. Florida’s population growth remains strong and will require even more new buildings with pools in apartments, condominiums, and HOA communities.

There should be plenty of growth in the area to encourage more new commercial pools. Growth in population and pools means more opportunities to grow the business. The business has a nice steady cash flow. The seller’s asking price will include cash coming into the business at the time the new owner takes over.

This business may qualify for SBA financing for buyers with reasonable credit and the other qualities required to get an SBA loan. A qualified Buyer should be able to acquire this business for 20% down. This will be up to the final approval of the SBA lenders.

Competition / Market:

This is a well-established service company with over ten years in business and has created an incredible reputation.

Conditions have been good business. Sales have been steadily moving upward. Bring your business development and marketing skills to a whole new level. Rents are getting stronger at the apartments, allowing more cash flow to sustain quality pool services.

The owner does some networking but has seen much of the growth come from referrals. The company has a great website and networks with some associations but does very little marketing beyond those methods.

Reasons for selling:

The owner has other business interests and will sign a non-compete agreement to satisfy the new owner's needs and requirements.

Trading hours:

Standard Monday through Friday with weekends or evenings possible during high season or for emergency maintenance or repairs.

Employees:
10
Years established:
7

Other Information

Support & training:

Owner will provide training and sign a non-compete agreement to satisfy the new owner.

Furniture / Fixtures value:
$215,000 - included in the asking price
Inventory / Stock value:
$20,000 - included in the asking price
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