*** SOLD ***
Profitable, Home-based, Pool Maintenance Company
About this business for saleProfitable, Home-based, Pool Maintenance Company
This profitable, home-based swimming pool maintenance contract business has been in existence for 15 years and was acquired by the Seller 8 years ago.
Servicing predominantly the Upper Highway, Pinetown and Cowies Hill, the business is Owner run assisted by two employees, one of whom has been with the company for 7 years.
Services are primarily pool maintenance for which the majority of customers are on a 30 day notice, pre-paid contract. Secondary services include pool pump replacement and repair, sand filter replacement and limited pipework repair.
Customers are invoiced monthly and the accounting of the business is administered using a QuotePro Accounting package. Accessible via a smartphone/iPad, this system facilitates an efficient administrative process, recording and tracking of salient information and quick, on-site reaction times in response to requests for quotes and the like.
Most payments are EFT's or debit orders with minimal cash and/or cheques.
Advertising is via word of mouth and referrals are received from a local pool shop and garden service with whom the seller has a reciprocal referral relationship. A well-branded vehicle is used for the business and the Purchaser has the option to acquire it.
The vehicle is a dealer serviced Nissan NP 200 with monthly repayments of R2000 which amount is accounted in the businesses expenses.
With capacity to grow, the business turned over just short of R600k for the year ended February 2014 with commensurate monthly average pre-tax profits of +/- R19 000.
This equates to a 58% Return on Investment and/or a 20 month payback. The Sellers are negotiable on price to the extent that, all reasonable offers will be considered.
The Seller had decided to emigrate otherwise, the sale of the business would not be a consideration.
For more information, kindly contact the listing Broker.