NY12002

Seller's Comments: Coastal-oriented route, consisting of 65 in-ground pools, has been groomed and optimized over four decades. High net worth clients equal very high per pool net income, terrific profit margin and rich cash flow. 74% of pools are located south of the highway (RT27). All are within a five-mile radius. Short pool season (May-Oct) allows for considerable flexibility and downtime. Three service technicians assist owners in the opening, closing and servicing of accounts. Additional labor will be required to service all clients but has been accounted for in adjusted net income. Minor repairs required upon opening of accounts are included in the startup price. Riptide vacuums & batteries, one Riptide hitch, large inventory of PVC pipes & fittings, and numerous poles, nets and brushes included in sale. Seller charges extra for all chemicals, storm cleanups, filter cleanings, repairs and upgrades. Company has never advertised and all of its growth has been by word of mouth. Original owner has been in the pool business in the East Hampton/Southampton area for over 40 years and has an impeccable reputation. On average, clients have been with the company for 21 years. Opportunity to build on existing business by modernizing branding and billing/software. Significant upside potential in two of the U.S.’s richest, contiguous, Zip Codes.

Status: For Sale

Number of Pools: 65

Number of Residential: 65

Number of Commercial: 0

Monthly Service Amount: $30,900.00

Yearly Net From Service/Repairs: $193,000.00

Average Age of Accounts: 21 years

Payment History: Excellent

Location of Accounts (cities): East Hampton, Southampton

Purchase Price: $432,600.00

Training Period: 30 days

Guarantee Period: 90 days

Covenant Not to Compete Period: 5 years