Due to the owner’s retirement, a very profitable builder of swimming pools & spas is offered for sale on one of the Hawaiian Islands on a totally turnkey basis including the transfer of all work in progress to the buyer.
The Company builds pools with an average price of approximately $90,000 per pool (range of about $75,000 to a high of $150,000). The company has a long tenure and has developed an excellent brand recognition and preference in the market for quality work with both individuals and home builders.
They have been consistently busy and profitable. Total annual revenues and owner’s profits (trailing 12 months as of July 31, 2016) were $1,110,000 and $266,200, respectively; and sales growth continues with a 22% growth since last year. Their profit margins are considerably higher than on the mainland due to modest competition and the ability to work 12 months per year. To keep the business simple and to maintain a low cost capital base, they lease all “employees”, use subcontractors and lease most of their equipment.
The market for swimming pools in Hawaii continues to be very hot since pools can be enjoyed 12 months per year, the Hawaii economy is strong and there are excellent growth opportunities in the current island market and to expand to other islands in Hawaii, as well as, by adding complimentary products.
For confidentiality reasons, the island location will only be disclosed to those who sign a non-disclosure agreement and have sufficient financial capacity. Hawaii requires a pool contractor’s license, so a prospective buyer must be able to qualify for this. Seller will provide a transitional license for a reasonable period after closing to facilitate buyer’s receipt of a HI license.
Seller is extremely confident in the business and offers to provide a note of $62,500 over 3 years at 6% interest rate; monthly payments of approx. $1,901.37.
Pool Builders: Isn’t now the time to live in Hawaii’s paradise, to own a business that operates 12 months per year and generates more than enough cash flow to enjoy the good life?
Asking Price $625,000
You May Also Like
Well Est. Property Restoration Franchise For Sale #399250 posted Jan 27, 2016
- Hawaii, United States
Restoration Franchise for Sale. This is part of the most recognized restoration brand for both residential and commercial markets. With the significant advantage of a high degree of recognition and top reputation growing such a business is eased. The franchisor provides excellent training and support....
Waterscape and Swimming Pool Contractor #454908 posted Sep 29, 2016
- Hawaii, United States
- Available On Request
A dynamic company, headquartered in the middle of the Pacific, with projects, business all over the globe. Its expertise in building pools, spa, major innovative technology spans the many large projects. On top of that, it is a fun business, and its creativity is visible in many named brand Hotels.
Niche Commercial Refrigeration & Air Conditioning #405030 posted Apr 14, 2016
- San Mateo County, California, United States
San Francisco Bay Area Commercial Refrigeration & A/C specializing in Niche markets including the wine industry. 40 year successful Heating, Ventilating, and A/C contractor servicing the San Francisco Bay Area focusing on commercial niche markets including Wine Cellars, Bio Tech, Water Chillier Systems,...
Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.