Southern California Pool Plastering and Design Business

Asking Price:

$820,000

Financial Overview

Revenue:
$2,179,447
Income:
$397,598
Multiple:
2.06x

Business Description

For sale is a business that specializes in swimming pool plastering, tile resurfacing, custom pool remodels, exposed pebble, hydrazzo and color pools. They are a family-owned company that opened their doors in 1948 and have had three generations serving Southern California customers in the subsequent 73 years.

Their experience and methodology makes them a very strong and unique leader in the niche space. They have an impressive word-of-mouth referral strategy and an extremely high recognition factor in California. Most of the work is done by in-house employees (they have a plaster crew, a water blast crew, a demo crew, a plumbing crew, a masonry crew, and a mechanic). They use subcontractors for stripping pools, some plumbing and some tile work.

This is a fairly easy business to move into for a new owner, with minimal responsibilities outside overseeing the bidding process. It requires a C-53 license but there’s the possibility of using the current owner or a key employee’s license during the transition.

Additionally, it includes $306,000 of FFE and is SBA pre-approved for a qualified buyer.

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