Summary of the business
$400,000 + WIP
This business sells fibreglass pools and then project manages the process through to installation. The business does not require a physical site so you can operate from your home office like the current husband and wife team do. They mainly service Newcastle, Central Coast, and the Hunter Valley.
There are huge growth areas and opportunities if a new owner aspires to build this solid and already very successful business.
The business does not deal with paving, fencing, or landscaping after the pool shell, equipment and concrete edge beam are installed. Opportunity is in abundance if you wanted to build a larger more diverse team or utilise sub-contractors.
The ideal purchaser would either have or be close to having a Swimming Pool Builder or Builders Licence as is a requirement for this business.
The business has been around for over 20 years and has been growing year on year with limited marketing done as the website, reputable brand, and word of mouth referrals keep the enquiries flowing through.
A suitable buyer for this business should be prepared to work diligently, managing the customer journey and variables like weather and logistics, but will be highly rewarded with massive work in progress contracts, demonstrated financial performance and the ability to control your working week.
The owner is offering the business for a very low and attractive asking price to generate strong interest from genuine buyers as his family have already moved interstate.
Key Sale Highlights
• Very low controllable overheads and very high margins
• Business can operate from anywhere with cloud-based systems
• Over $3M of contracts booked through to March 2023
• Sales revenue over $3.4M for EOFY2022
• Adjusted Net Profit over $800K to the owners for EOFY2022