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SOLD – This West Michigan based company has been selling, installing and servicing automatic pool covers in Michigan, Indiana, Illinois, and Northwest Ohio for thirty years. The primary business is distribution of Cover Pools products and the second business is a service contractor for all brands of pool covers. They have expanded over the years, but there is still additional room for growth and expansion to new areas and compliance with pool safety laws in lieu of fences due to recent state law changes in Michigan. It is estimated that when it comes to purchasing an automatic pool cover for a new inground pool the Company has greater than 50% of the Michigan market.
The Company operates a lean business model with low Capital Investment. The current workforce is one of the best teams that Company has had. The crews are skilled and able to perform at an efficient and effective level. This leads to a better customer experience and streamlined process from initial contact to final install/service.
LCC-21025267-15
West Michigan
Distribution and Installation
Call for details
$2,860,124 (2020)
$576,805
1991
13 (10 service techs)
7,000 square foot building, located on busy main thoroughfare with easy access to highways. Owned by a related entity. Available for purchase or lease.
Available for purchase of lease.
Being a market leader in a niche industry provides the Company with great position to further penetrate the market. While 2020 Revenue is expected to end the year down less than 10%, the primary cause was due to the Coronavirus, management expects 2021 sales to beat 2019 performance.
This company is one of the largest distributors of automatic pool covers in the US. The Company operates in a competitive industry where there is not much pricing power by the distributor. Competitors compete on quality of service, installation time, and product quality.
Willing to consider a small amount for the right buyer, call for details.
The company has a strong team in place to handle the day-to-day operations of the business. Extended support available.
Retirement
E. Brad Scoffin – Advanced Business Brokers
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