Business Description
Highly Profitable, Unmatched Reputation
Established residential and commercial pool builder and service company in desirable eastern North Carolina market. This listing presents an attractive opportunity for a buyer with some construction or project management experience.
Breakdown of 2022 revenue by category:
Construction: 79%
Retail: 15%
Service: 6%
Financial Summary:
• 2022 Revenue: $6,324,778 | SDE: $1,221,804
• 2021 Revenue: $5,269,373 | SDE: $1,042,061
• 2020 Revenue: $4,209,223 | SDE: $857,827
This business has an outstanding reputation in its market area and caters primarily to existing homeowners looking to upgrade their outdoor living space.
The company also services commercial clientele throughout the area. Current ownership has not placed a focus on digital marketing or recurring cleaning/maintenance contracts, offering a huge opportunity for growth and stability of revenue.
Company Highlights:
• Opportunity to significantly increase service/maintenance offerings
• Sub-contractor labor takes the burden off of ownership for majority of construction work
• Real estate available for sale or lease
• Most business from word-of-mouth
• No customer concentration
• Strong brand presence
• Limited competition
• Attractive location
Located in a beautiful building with great visibility, the real estate features a standalone facility with a polished showroom, retail sales area, office spaces, warehouse/storage space, and overhead roll-up doors.
The seller currently holds their NC General Contractor License. Buyer must have sufficient experience to qualify for the license to learn more about the opportunity. However, the business often sub-contracts labor, reducing much of the project and people management requirements for running the operations.
Comprehensive marketing package including detailed video overview available upon initial interview and signing of non-disclosure agreement. To learn more, inquire using our form or contact Jonah Pollone at MidStreet at jonah@midstreet.com. Real Estate offered through MidStreet Realty, Inc.
INVENTORY
Included in asking price
Real estate
Owned; not included in asking price
building square footage
3,000+
Furniture, Fixtures, & Equipment (FF&E)
Included in asking price
Facilities
Well maintained throughout with a beautiful showroom and retail space. Real estate offered through MidStreet Realty, Inc.
Competition
While limited competition does exist, this business is one of the largest and most trusted contractors in the area. Most competitors are unsophisticated.
GROWTH & EXPANSION
Growth opportunities include expansion of the maintenance and service program, organic growth of the company’s service area, and increasing the focus on commercial customers. Additional opportunity exists to expand company footprint and labor force through acquisitions.
Support & Training
Onsite transition support and call/email support will be made available and are included in the purchase price.
Reason for Selling
The current owner wishes to retire after many successful years in business.
