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

bizex

Description

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


Download Setup Sheet



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.




Steve Lukes
M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 164
Direct: (310) 871-2909
Lic#: 02092334

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations