Selling a pool service business can make you feel like you are drowning. There are just so many little details to deal with, and so many rules and regulations that you might not be aware of. And while you hit the ground running every morning on your pool route, you just don’t have the time or energy to implement an entire pool service business sale without losing your mind.
But with a trusted pool service business advisor, you will be thrown a life ring so you can understand full sales, percentages, cash payments, earn-outs, and all the other elements of a sale that might make you feel like you are drowning.
If you are interested in selling your pool service business, you need to dive into the details to understand the idiosyncrasies of the situation. If you are a very involved owner, for instance, your business will be more valuable than if you are more hands off. Another important fact is that the longer your crews have worked with you, the more valuable the business.
A pool service broker can help you understand the importance of licensing, and how businesses with a revenue under $1M are valued quite differently than those over $10M. Trust a pool service M&A consulting meeting to help you understand the plethora of details that you need to work out if you decide to sell. With the ever-changing preferences of buyers, the important P & L analysis, and market trends, having a pool service broker will prove invaluable.
Though you would never forget the delicate chemical balance needed to keep a pool clean, sometimes pool service business owners don’t understand all of the variables that make up the pool of prospective buyers for your business. With a pool service advisor, you will understand the difference between buyers that want a union business versus non-union, or those interested in commercial or residential businesses. Even just checking out a prospective buyer’s social media presence can tell you a lot.
Hiring a pool service business advisor will keep you in the shallow water and help you stay afloat.
Just like you need to advertise to get customers to take a chance on your pool service company by hiring you, it is also important that you advertise your business to prospective buyers. Odds are, however, that you don’t have a marketing degree, but it is not a good idea to leave this important piece of the puzzle to chance. You need to let your pool service advertising reflect its value through the information you share.
A pool service business broker can create a Teaser page that will get buyers interested, and then there is a more elaborate document called the Confidential Information Memorandum (CIM) that will show prospective buyers all about your financials, your business plan, and the current climate of the business. Let a pool service broker create the marketing so that you don’t have to!
In the pool service industry, just like everywhere else, success is often determined by who you know. And that is why it is so difficult for you to try to sell your business by yourself. With a trusted pool service business broker, you will have an entire universe of vetted buyers at the ready, and the broker will help you through every single step of the process.
This allows you to use your time to run your pool service and service your customers well.
There will likely be a pool of buyers interested in acquiring your business, and a good pool service advisor will have a strong competitive edge. When you get the prospective buyers haggling and bargaining, that raises your bottom line.
With all that you already have on your plate as a business owner, it would be difficult for you to have the energy to do the competitive bidding that is needed in this situation. Use the experience of a pool service advisor in this case, which is invaluable.
Just like it would be foolish to jump in the deep end of a pool if you didn’t know how to swim, it is also a bad idea to try to sell your business while you are busy running it. A sale takes about 3-6 months from start to finish, and takes an awful lot of energy and expertise to pull off. If you hire a pool service broker, they can handle all of the phone calls, email, paperwork, and other elements of the sale for you.
This is especially important because of their discretion, so that your customers and employees will not know about the sale until you are absolutely ready to tell them.
Trust Brentwood Growth to be your pool service business broker, and we will keep you out of the deep end. Understand that we don’t get paid a dime unless we sell your business, and we focus on seller side loyalty in everything we do.
Contact us today and see the difference a pool service M&A consultant can make for you.
At Brentwood Growth we work with over 400 investing partners actively in the market to purchase businesses, and our successful track record speaks for itself.
We provide seller side loyalty and work hard to earn your trust and advise you from start to finish. There is no retainer or monthly fee, as we are only compensated after a successful sale.