As I have said before, pool maintenance companies are very profitable when they can cover small geographic areas. There is definitely a limited amount of down-time and drive-time when you can clean 20 pools in a 1 mile radius rather than 20 pools in a 20 mile radius.
Because of the sheer number of pools located within the state, this is a thriving industry and will continue to be, as long as Florida remains sunny! Walter wanted to take advantage of this hot market and swipe this pool business before someone else did.
We were able to provide just under $1M in capital for him to purchase this pool maintenance company. He has now taken over the business and could not be happier!
We Won't Waste Your Time
Let me be blunt. Here at Ivanhoe Capital, we structure deals to close and we don't waste you or your client's time. We want to get deals done and if we can't, we let you know RIGHT AWAY and WHY!