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Award Winning Fiberglass Pool Manufacturer and Installer

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Specifications
EBITDA$144,000
Revenue$1,615,000
Client CodeMAN1409
EBITDA Range under-250K
Revenue Range 1M-5M
Sector Manufacturing-and-Industrial
Region Southwest-US
Deal Structure Full-Sale
HeadquartersHouston, Texas
Description

The Houston-based company is a manufacturer and installer of fiberglass pools and spas. The company also offers renovation services and a selection of over a dozen pool models. It sells to residential and commercial accounts as well as approved dealers in the Texas market.

Key Aspects
· Located in the #1 pool market in the country
· Family-owned business for over 46 years
· Great reputation and known for quick service
· Owns almost two dozen fiberglass molds
· Strong and diverse client base
· Sells to wholesale and dealer accounts
· 40% repeat business
· Sales: 50% manufacturing & install; 26% renovations; 24% retail

Opportunities
· Open maintenance division
· Sell to more local retail
· Increase focus on dealer installer and wholesale accounts
· Improve internet presence and marketing
· Implement dedicated sales team
· Export fiberglass pools to high-demand market outside of Texas (California, Arizona, Florida)
· Open additional manufacturing facilities around Texas and the US

Headquartered
Houston, Texas

Market Currently Served
The majority of clients are middle to upper class home owners, local retail, and authorized installers in the Houston metropolitan area. The company also serves commercial accounts such as hotels, apartments, wholesale, and other authorized dealers that serve major cities in the United States.

Real Estate
The company leases a manufacturing facility from a related third party. The property can be included in the deal if desired.

Shareholder/ Owner Objectives
Two partners are seeking the sale of the company to de-risk and find a balanced lifestyle. They are both interested in remaining on long-term to allow for a smooth ownership transition.

Year
2016
Tax Rtns
$’000
2015
Tax Rtns
$’000
2014
Tax Rtns
$’000
2013
Tax Rtns
$’000
Turnover 1,615 2,157 1,768 1,934
Gross Profit  692 1,681 1,390 1,758
Adj. EBITDA*  144 248 156 134

* Profit before interest, tax, depreciation and amortization (non-cash items)[/cs_table]