Commercial Real Estate Financing
Branching Out in the Pool World
Installing aboveground pools was a great source of money in the Midwest, but the owner of the company knew the company could be more. Incorporating the option to install inground pools could add clients and profit while making the company stand out from competitors.
However, it was going to be a serious task to make such a change. Different equipment and materials would be needed and workers would need new training. It took a while for the owner to decide to at least research the option and move on from there.
What Would the Cost Be?
First things first, it was important to understand the costs of making a big change like this. It wasn’t something that was very common so the owner had to go to several experts to get pertinent information. This alone could have left him frustrated and leaving the idea behind, but he decided to keep going.
Once he had an idea of what the costs would be, there was more research to undertake. However, it seemed that morphing into a more full-fledged pool installation company would be less expensive than expected. About $200,000 would be enough to get to the goal line.