Financial Services, Insurance Agencies
SOLD ‘Q1 2022
Houston TX MSA
Seller Financing Available
Asking Price: $400,000.00
Cash Flow: $180,000.00
Gross Revenue: $332,000.00
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Established: 2013
Employees: 6 (PT – 1099)
Business Description
This outstanding Houston, TX MSA Pool Services Company is located in a growing city in the Houston, TX suburbs and was started by the owner under the current structure in 2013.
The Seller is a sole proprietor and owns 100% of the subject business being sold.
The Seller and Seller’s Agent will work with the successful Buyer to facilitate the transfer of all contracts and intellectual property being purchased under a corporate structure of the Buyer’s choosing.
The Company is being offered for sale under a competitive Letter of Intent format, whereby the successful Buyer will have access to comprehensive, and confidential, due diligence information inside of a due diligence data room (https://www.smartsheet.com) so as to help facilitate the bid process.
Highlights
The business is mature and stable and the Seller would like to exit the business, subject to a non-compete, after a transition period in favor of the Buyer.
To ensure a smooth transition, the Seller is willing to offer a transition period to the new Buyer after closing to support the Buyer and his/her future success. Detailed Information
Facilities:
No facilities. Everyone in the office works remotely, technicians are onsite and meet with the owner to pick up equipment and chemicals as needed.
Competition:
The Pool Service Industry: an Overview
Companies in this industry provide cleaning services for swimming and wading pools. Industry operators may also provide cleaning services for spas, hot tubs, whirlpools and saunas. Services include surface cleaning as well as maintenance work for pumps, heaters, filters and other related equipment.
Swimming Pool Cleaning Services in the US industry statistics
Growth & Expansion:
To expand, grow and nurture the Business to greater profitability, the Seller believes that with the goodwill of the business a new owner will receive, investment in additional marketing strategies outside of the website and word-of-mouth strategies currently employed could take the business to a whole new level.
Financing:
TBD if structure and terms are acceptable.
Support & Training:
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for three months, and up to six months as on-call consultants, or as negotiated.
Reason for Selling:
The seller has multiple business ventures an would like to spend more time with family.
SOLD-High Net Houston Pool Service Business for Sale