The swimming pool industry encompasses various revenue streams, with pool servicing and minor repairs being the primary ones. The technical aspects of the business can be readily grasped by the average individual, provided they are committed to the training process and proactively pursue knowledge from available industry training resources.
Additionally, there should be a guarantee for account transfers. If an account fails to transfer to the new owner, the seller should either replace the account or refund the value of the non-transferred account. The duration of the transfer may differ based on the account types.
The attrition rate during a transfer should be approximately two percent.
Executing a route correctly is not challenging; it's essential to minimize overhead costs, which can be achieved by:
Running your business from home or from a reasonably priced facility
Using an economical vehicle
Shop your supplies
Charge the proper service rate for your area
Charge for additional service items
Upgrade your customer’s equipment as needed
As we have significant industry experience, we will guide you on all of these steps to grow your top and bottom line!
It is important to note that there are two main types of income to consider: service income and repair income. When acquiring a route, priority should be given to the service income, as it will dictate the purchase price. The multiplier used to calculate the purchase price may vary slightly from one market to another. However, the purchase price should solely be based on the monthly service income (the monthly cleaning fee), multiplied by the prevailing rate for your specific area. The purchase price should not take into account repair income or any other ancillary income. If a pool service provider includes repair or ancillary income in the monthly service fee, this is not in line with standard industry practices.