Description:

The company is a custom luxury pool and spa builder with two divisions. The installation division designs and builds pools, and the service division services and repairs pools.

Key Aspects:

Revenue and adjusted EBITDA great at compound annual growth rates (CAGRs) of 9.7% and 21.9%, respectively, from 2019 through 2022
The company’s gross profit margin averaged 50.5% from 2019 through 2022
Contracts in progress totals approximately $5.2M as of October 17, 2023
The company has no long-term liabilities as of 2022
The company’s service division is a recurring revenue model, which accounted for 33% of total revenue in 2022

Opportunities:

Expand geographically to gain market share
Finalize the training of the new service technicians to gain more service accounts
Expand services to include commercial customers
Search engine optimize (SEO) the company’s website to drive more web traffic

Headquartered:

Northeast, US

Current Markets:

The company serves the residential market in the Northeast, US.

Real Estate:

The company operates from three facilities totaling 19,600 sq. ft. One facility is leased from an affiliated entity (9,600 sq. ft.), and two facilities are leased from an unrelated third party (5,500 sq. ft. and 4,500 sq. ft., respectively). The facility owned by an affiliated entity may be included in the sale or leased long-term.

Shareholder Ownership:

The company is fully owned by a single shareholder who would like to pursue retirement. The owner is willing to remain with the company for a predetermined period to facilitate a smooth transition to new ownership.

Benchmark International

Benchmarks Exclusive Opportunities

Custom Luxury Pool & Spa Builder – BN000050330

Custom Luxury Pool & Spa Builder – BN000050330

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