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thetigerfan225
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| Number of Posts: | 4 |
| Registered on: | 6/15/2014 |
| Online Status: | Not Online |
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re: Selling BR Pool Construction Company.. where do I start?
Posted by thetigerfan225 on 12/6/17 at 3:14 am to FriscoKid
Hey everyone thanks for the advice.
Luckily I did speak to two competitors who were very interested, and now in some VERY early talks..
I’m not sure what the doubts are about the financials, I think people are just uninformed about the industry.
I’ve been very lucky to only approach very high margin jobs, and run a VERY lean operation.
Hey Frisco my email thelawrencebills@gmail.com if you would like to discuss.
Luckily I did speak to two competitors who were very interested, and now in some VERY early talks..
I’m not sure what the doubts are about the financials, I think people are just uninformed about the industry.
I’ve been very lucky to only approach very high margin jobs, and run a VERY lean operation.
Hey Frisco my email thelawrencebills@gmail.com if you would like to discuss.
1
re: Selling BR Pool Construction Company.. where do I start?
Posted by thetigerfan225 on 12/4/17 at 5:22 pm to Cdawg
Hey thanks everyone for the advice, some great ideas in here.
1. Checking out some BNI Chapters
2. Speaking with my CPA on a valuation
3. Reaching out to customers
4. Trade Journals
5. BizBuySell
To answer the few questions.
1) There are no maintenance contracts, I turn them down all the time because IMO they're just not worth the time. Most companies that have a service division use it as a loss leader to drive bigger renovation projects. $150/mo for 2-4 trips a month just doesn't fit my business model, but works great for 1 or 2 man crews.
2) The $50k is correctly for 1 pool in Q1 2018. We have about $150k in other pending contracts, but I'm navigating through it right now, because I will be moving out the country in March and looking for a new owner to take over beforehand.
3) The "soft" assets for sale are Brand & Web Presence (Receive dozens of leads a months), Great Project References (Can't put a price on those when in construction) Relationships with Reliable Subs who will travel to Lafayette, New Orleans, and Northshore (very difficult in this industry), and of course GL/WC Insurance and State Licensing - until the new qualifying party takes over.
4) I'm asking $115k, could easily see new owner hit $450k in 2018. Also one of the bigger guys operation is about to go under, so there will be a vacuum in the market.
Brother in Law has interest, with partial owner financing, but would prefer not to sell to family especially with financing.
1. Checking out some BNI Chapters
2. Speaking with my CPA on a valuation
3. Reaching out to customers
4. Trade Journals
5. BizBuySell
To answer the few questions.
1) There are no maintenance contracts, I turn them down all the time because IMO they're just not worth the time. Most companies that have a service division use it as a loss leader to drive bigger renovation projects. $150/mo for 2-4 trips a month just doesn't fit my business model, but works great for 1 or 2 man crews.
2) The $50k is correctly for 1 pool in Q1 2018. We have about $150k in other pending contracts, but I'm navigating through it right now, because I will be moving out the country in March and looking for a new owner to take over beforehand.
3) The "soft" assets for sale are Brand & Web Presence (Receive dozens of leads a months), Great Project References (Can't put a price on those when in construction) Relationships with Reliable Subs who will travel to Lafayette, New Orleans, and Northshore (very difficult in this industry), and of course GL/WC Insurance and State Licensing - until the new qualifying party takes over.
4) I'm asking $115k, could easily see new owner hit $450k in 2018. Also one of the bigger guys operation is about to go under, so there will be a vacuum in the market.
Brother in Law has interest, with partial owner financing, but would prefer not to sell to family especially with financing.
re: Selling BR Pool Construction Company.. where do I start?
Posted by thetigerfan225 on 12/4/17 at 3:07 pm to lnomm34
Yep :bow: :lol:
Selling BR Pool Construction Company.. where do I start?
Posted by thetigerfan225 on 12/4/17 at 2:42 pm
Hi guys,
I'm looking to sell my business, and one "business brokerage" firm in Baton Rouge is a joke. Just check their reviews.
I'm putting my company up for sale that did ~$310k gross with about ~$150K netted in 2017.
Any ideas with private listings? I'm thinking it can be a perfect side business for someone who is newly retired, or just looking for a change.
We're growing quick, with great references and marketing presence.
Any ideas on how to market it? We have so far $50K on the books for next year, and a few pending projects that will close.
Thanks
I'm looking to sell my business, and one "business brokerage" firm in Baton Rouge is a joke. Just check their reviews.
I'm putting my company up for sale that did ~$310k gross with about ~$150K netted in 2017.
Any ideas with private listings? I'm thinking it can be a perfect side business for someone who is newly retired, or just looking for a change.
We're growing quick, with great references and marketing presence.
Any ideas on how to market it? We have so far $50K on the books for next year, and a few pending projects that will close.
Thanks
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