Pool Construction Companies Are Hot. Are They a Good Investment? - Acquisitions Anonymous e77

Michael Girdley (@Girdley), Bill D’Alessandro (@BillDA) and Mills Snell (@thegeneralmills) are joined by Jake Greer (LinkedIn) to discuss 2 Pool construction businesses for sale. We evaluate assets & the clues that provides on the functioning of the business, different markets, seasonality, how to evaluate potential, COVID & demand shifts and much more.-----* Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel* Do you enjoy our content? Rate our show!* Follow us on twitter @acquanon Learnings about small business acquisitions and operations.-----Show Notes:(0:00) Intro(0:53) Deal 1: Custom Pool Builder(4:22) First thoughts(5:00) Post mortem situation: How could it fail?(6:34) Risk: No mentioning of customer concentration(8:21) Why are they selling?(9:31) What do their assets tell us? Are they self performing?(10:58) The market matters a ton: understanding today's situation(14:02) What do we like about it?(16:30) Is it overvalued?(18:26) Risk hedging alternatives(20:10) Growth strategy & opportunities(23:18) What kind of Partner & capital are they looking for?(25:25) Deal 2: Pool Construction Business(26:49) Location importance & seasonality(29:21) "Normalized" vs "adjusted" EBITDA(31:10) How does the COVID boom affect this business?(33:58) Retail Store: You need an outlet to sell consumable pool products(35:40) It's always worth asking the seller why he has a retail store-----Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.-----Additional episodes you might enjoy:#62 Two Landscaping Businesses for Sale - Mike Loftus CEO of Connor's Landscaping#66 Analyzing Software Businesses for Sale with Steve Divitkos, experienced industry CEO#42 $900k Moving and Storage Company / $500k Rural Mini-Storage#61 Two Manufacturing Businesses for Sale - Brent Beshore - Founder and CEO at Permanent Equity#24 $5mm pool services and lifeguard staffing co / $2mm septic services business -  featuring baller @WilsonCompanies as a special guest!#64 How to find the expected benchmarks and KPIs for your industry?#67 I bought a business. Now what? Learn with us from an expert - Dzmitry Miranovich joins us once more--- Support this podcast: Subscribe to  weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking hereDo you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.For inquiries or suggestions, email us at [email protected]