Purchasing a pool route is a smart and profitable investment in many situations. Even if you don’t have much experience cleaning pools, it’s easy to learn the steps and processes to use. Also, if you have the right mindset, it will be easy to ensure the business venture succeeds.
If you are still on the fence regarding if you are going to buy a pool route, you can use the questions here to guide your decision.
Should You Launch a Startup Company or Purchase a Pre-Existing Pool Route?
There are more than a few benefits offered by purchasing a pre-existing pool route compared to starting a brand new one from the ground up. One reason you should purchase a pre-existing route is that you will receive a list of accounts that are using the service. You will also have a customer base that is likely to recommend you to others, which will help you grow the route further.
If you start a new pool route, it will likely take a lot of time and capital. However, purchasing a pre-established route means that you will likely get the tools and equipment with the purchase and information from the prior owner about customers and other factors.
Why Does the Current Owner Want to Sell their Pool Route?
If you are purchasing a pool route, you should prioritize it to figure out why the existing seller is selling. Selling pool routes is extremely common among owners who are moving away from the area or retiring. However, some people sell because of financial hardships.
While it isn’t usually recommended to invest in a business that is not performing well, you shouldn’t let below-average profit margins keep you from making this investment. In some cases, you may be able to leverage your buying power to get an even better deal on the purchase.
What Are the Current Expenses for the Pool Route?
You should take time to review the operating expenses of the pool route with the current owner. Managing any type of swimming pool business can be a challenge. Because of this, you need a good understanding of the day-to-day expenses. This is going to make sure you can budget properly.
Some of the daily expenses you may face include fuel to travel to different locations, cleaning supplies, new tools, equipment, and more. Make sure you review the financial information carefully and even have someone else look over it if you don’t fully understand everything that’s in it.
Is It the Right Time to Purchase a Pool Route?
You must decide for yourself if it is the right time to purchase a pool route. You can make this decision by reviewing the information above and working with an accountant or another professional who can help you determine if it is a smart investment. Being informed and knowing what to ask will help you make a smart decision regarding the purchase of a pool route.