Seeking Equity Letter of Support to Advance LOI for Swimming Pool Construction Co

Hi SearchFunder Community,

I’m currently in the process of acquiring a well-established, residential-focused swimming pool construction company located between Austin and Houston, Texas. This business has been operating successfully for over 41 years, providing a range of services including custom pool designs, chemicals, supplies, maintenance, and outdoor furniture sales. The company cash flows around $400,000 annually, with a total asking price of $2.5 million, which includes $750,000 of valued real estate (two adjoining office buildings in a prime location).

The seller is motivated, and their son, the main pool designer, plans to stay on post-acquisition to manage day-to-day operations, which will ensure a smooth transition. With around 12 full-time employees, 50% of whom focus on service and maintenance, and subcontractors handling pool construction and remodeling, the business is well-structured for long-term growth.

At this stage, I need to provide an Equity Letter of Support to the broker to move forward with meeting the seller and finalizing an LOI, which would take us into due diligence. This letter is not a commitment but serves to confirm my ability to engage in the acquisition and will help facilitate open communication and meetings with the seller.

If you or your firm can provide this letter of support or have any insights into moving forward with this type of deal, I would greatly appreciate your assistance. Please feel free to reach out if you'd like more details or to discuss further.

Thank you for your consideration, and I look forward to connecting.

Best regards, Maxime Got Got Family Residential Solutions