Tubs, Floors and Pools Repair Business

Business Description

For sale is a 15-year-old bathtub, floor and pool repair company that serves customers in Kentucky, Indiana, Ohio and surrounding states. Their work is 50% residential and 50% commercial (with the residential side being 70% repairs/30% installs and the commercial side being 40% repairs and 60% new installs). Clients include homeowners as well as hotels, apartment and condo complexes, senior living facilities, universities, hospitals, and government agencies.

The business is extremely unique in that there is no direct competitor in the country who offers the wide range of services that they do. They are a factory-authorized repair company for almost every tub manufacturer in the country and conduct warranty and non-warranty repairs while also offering a full line of refinishing services. Additionally, many of their customers are referred by local developers, supply houses and plumbers (as it’s a commonly-known fact in the industry that 35-40% of every new tub delivered needs a repair).

The business has a local contractor’s license but no other licenses are required to run the business (though an interest/experience in any construction-tangential industry would be helpful). The owners are willing to stay on and work with the company for an extended period of time if the buyer is looking for a turn-key opportunity.

Financial Overview

Asking Price: $3,100,000 + Inventory

Revenue: $1,326,729

Income: $775,682

Multiple: 3.99x

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