Looking for a buyer.
Wade is a Florida licensed residential and commercial pool contractor that operates in the Florida Keys. The firm was founded in 2001 and was acquired by the current owners in###-###-#### Wade specializes in custom concrete swimming pool construction, complete pool renovation and pool resurfacing. It also offers repairs and equipment replacement services as needed (but does not provide maintenance or cleaning services). The firm has achieved a 27% revenue CAGR from 2018 through###-###-#### New Build and Remodeling, the 2 main revenue categories, have 61% and 18% share of business as of###-###-#### One of the primary owners wishes to reduce his involvement in the business somewhat. The company has 19 full-time employees including the five owners. Being locally operated, the company enjoys a relative competitive advantage over its largest competitor that is located 40 miles away. Smaller competitors do not pose much of a competitive threat, as the company’s large size positions its brand as strong, professional and stable. Any of the work performed by the owner whose hours will reduce can easily be performed by the current leadership team. The company has also hired an Operations Manager recently, which gives it excess capacity to manage it post-closing without the addition of new personnel. The Florida Keys market size for pool construction and remodeling is estimated to be worth $100m. Pools have gone from a luxury to a requirement and have become a make or break deal in the Florida Keys residential market including the rental market. Currently fewer than 10% of houses in Florida Keys have a pool, which indicates the growth potential. The new owner can leverage the company’s strong brand awareness to acquire new customers with minimal marketing and continue to grow. Also, by opening a second location at an estimated cost of ~$200k in the lower Florida Keys area (where the company does not serve), the new owner can double the area served and hence the revenue.

listing type
exclusive representation
Florida, USA
proposed price
To download teaser or contact poster, please sign in.