Pool service, 90% repeat revenue. Affluent areas
Home / Listing / Pool service, 90% repeat revenue. Affluent areas
Background
| BizEx ID: | BizEx1432-SL |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Services Special Trades |
| Years in Business: | 41 |
| Under Present Owner: | all |
| Hours of Operation: | |
| Owner Hours: | 10 to 15 hours per week |
| Training: | None |
| Organization Type: | Sole proprietor |
| Lease Expiration: | none |
| Lease Options: | n/a |
| Building Size: | n/a |
| Employees: | 5 |
| Reason for Sale: | retirement |
Financials
| Asking Price: | $890,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $674,166 |
| Discretionary Cash Flow: | $290,027 |
| FF&E: | $0 |
| Inventory Included? | No |
| Inventory: | $0 |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $0 |
| Financing: | SBA |
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Gross Sales | $ 674,166 | $ 684,282 | $ 599,242 |
| Gross Profit | $ 341,269 | $ 312,697 | $ |
| Disc. Earnings | $ 290,027 | $ 252,912 | $ 250,499 |
Description
***UNDER CONTRACT** 40-year-old pool and spa service in affluent area of LA County (West LA area) with 90% of revenue from repeat customers is available. The owner is retiring and currently works about 15 hours per week. Customer accounts are a blend of commercial and residential. Growth opportunities are available geographically and by marketing the business, they are not marketing today. Subcontractors handle most of the services.
- 90% of revenue is from repeat customers
- Invoicing in advance of rendered services, then paying contractors after service is performed.
- 40% net margins
- Affluent area clients (Pacific Palisades, Santa Monica, Beverly Hills, Marina Del Rey, and Culver City)
- Owner works 15 hours per week
- Subcontractors perform the services
- Long duration of customers
- California C 53 license is needed, not difficult to acquire.
For more information, visit Bizex.net to complete the Buyer Registration & NDA Contact: Steve Lukes at 310.871.2909 - slukes@bizex.net
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
