This Company provides service, repair, equipment and chemicals to the commercial pool market. Approximately 90% of their customers are cities, school districts, universities and other public agencies in addition to a few high-end luxury hotels and homeowners associations. Their customers have pool equipment that is highly sophisticated and specific to large commercial pools. This equipment requires a high level of technical knowledge and specialized repair parts that are only available from the equipment manufacturers. About 60% of revenues are from recurring routine service and repairs to pool equipment, 30% from sales and tanker truck delivery of chemicals, and 10% from the sale of pool equipment. The Company has relationships with all the major pool equipment manufacturers and is a member of an industry buyers group that gives the Company access to their supply portal, which offers wholesale pricing from all the top manufacturers of pool equipment. This is not available to most of the Company's few competitors.
Barriers to this market are formidable and the Company has a strong defensible market position. Upside includes expanding the sales of pool equipment and chemicals as the Company has not expended the energy to achieve the growth opportunity there.
Sale includes all furniture, fixtures and equipment including a fleet of 15 newer and well maintained vehicles. Pre-approved for SBA funding.
Real Estate Number: 01438544
Seller Reference #RIVERCA001-N972
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