Listing ID : 425880
Posted on December 18, 2023 82
For close to 50 years, commercial general contractors and developers have relied upon this company to design and build the best in high-end pools. Superb name-recognition and reputation has kept their customers coming back as their first-choice contractor for design thru build of amazing indoor and outdoor pools and spas, as well multi-level pools in high-rise buildings.
Their market niche has kept the company very busy and with sustained revenues, even thru the pandemic and the current economic climate.
The owners have made great financial decisions, only bidding on the jobs that would yield the most profitability, regularly achieving margins that other firms wish they could.
Even with the current owners looking to retire, the majority of the key staff members are planning on remaining, which offers an excellent opportunity for a buyer to capitalize on their success.
The company utilizes minimal promotion of any kind, which opens potential for growth with the implementation of effective marketing and advertising campaigns. Some other potential growth areas include design and construction in the residential arena, as well as developing a service and maintenance division.
The owners are willing to have a healthy transition time worked out with the new owners, and beyond that one of them can continue to work with a negotiated employment contract.
Their willingness to assist the new owners, along with a loyal customer base and great employees provide an opportunity for a fluid transition to new ownership without disruption.
In addition to the sale of the business, the owners are interested in buyers that want to purchase the property where the company is headquartered. The facility has approximately 4,622 sq/ft of office space and 2,272 sq/ft of warehouse/storage, being offered at an additional $3.5m, and is only available as part of the business acquisition.
The ideal buyer must have or procure their own C-53 pool license in good standing, and be preapproved for, or able to obtain their own financing.
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