HAWAII SWIMMING POOL CONTRACTOR

They are an Essential Business so are Still Working

EXECUTIVE SUMMARY:

 

A fast growing, very profitable builder of swimming pools & spas, who has a large market share, is offered for sale on one of the Hawaiian Islands on a fully totally turnkey basis including the transfer to the buyer of a large dollar amount of project backlog.

 

The Company builds pools with an average price range of $50,000 to $100,000 per pool and focuses on the residential market.  The company has a long tenure in Hawaii and has developed an excellent brand recognition and preference in the market for quality work with both homeowners and home builders.

 

The market for swimming pools in Hawaii continues to be very hot since pools can be enjoyed 12 months per year, the Hawaii economy is strong and there are excellent growth opportunities in the current island market and to expand to other islands in Hawaii, as well as, by adding complimentary products and services. 

 

Reasons to buy this business include:

 

  • Revenues have more than quadrupled from 2010 to 2019 and SDE profit margins average over 24%

  • 2019 sales of over $1.75 million which generated over $430,000 of SDE; they are tracking to $1.9 of sales in 2020.

  • With no weather shutdowns, they build pools 12 months per year

  • Modest competition allows significantly higher profit margins than on the US mainland.

  • Upfront customer deposits keep working capital requirements low.

  • To keep the business simple and to maintain a low-cost capital base, they lease all “employees”, use subcontractors and lease most of their equipment.

  •   Their backlog of uncompleted jobs is very strong, as of March 31, 2020, they have 47 jobs with a combined total backlog of $3.9 million.    

 

For confidentiality reasons, the island location will only be disclosed to those who sign a non-disclosure agreement and have sufficient financial capacity.  Hawaii requires a pool contractor’s license, so a prospective buyer should be able to qualify for this.

FINANCIAL SUMMARY

2019 QuickBooks

Sales $1,769,000

SDE: 430,800

 

COMPANY

Listing ID:  HI Pool

Location: Hawaii (island confidential)

Industry:  Specialty Construction

Type of Entity: Corporation

Lease:

  • 600 Sq. Ft.

  • Rent:  approx. $$1,698 per month including CAM and GET ($20,376 per yr.)

  • Expiration: 2/28/2022, renewable

Inventory: None

F,F&E: $20,000

 

OFFERING SUMMARY

Asking Price: $850,000

Included Inventory: None

F, F &E: $20,000

Non-Compete:  5 years

Training: 2 weeks

Reason for Sale: Family health issues

 

Pool Builders: Isn’t now the time to live in Hawaii’s paradise, to own a business that operates 12 months per year and generates more than enough cash flow to really enjoy Hawaii’s good life?

 

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