How I Built a 7-Figure Swim School HoldCo With 30-35% Margins | Josh Scott Interview
How I Built a 7-Figure Swim School HoldCo With 30-35% Margins | Josh Scott Interview  
Podcast: Buyers and Builders
Published On: Mon Nov 18 2024
Description: Forget HVAC and trade businesses…Private equity comes after your kids swim schools…Meet Josh Scott (with wife Annie): 5 locations 7 figures in revenue (30-35% margins) Spends a lot of time with family and children.Again, the riches (both time and $$$) are in niches.We discussed:- Raising prices and selling it to private equity (which they choose not to do now).- Buying more and more swimming pools (property)- Why aren't $1mm+ EBITDA deals coming to market?- The cost of building swimming pools- Why is selling pool fences going to be a very big business?- A 33% IRR and spending time with the kidsHere is my conversation with Josh Scott, co-founder of SwimSRQ and Swim Academy.Show notes:00:00:00 - Intro00:00:18 - Being more interested in business than just coaching00:02:26 - Chasing a $300,000 salary vs becoming an entrepreneur00:04:56 - Started in summer 2018; "A year later, we knew we had something..."00:09:01 - Learning business00:11:36 - Growth in number and decision to buy the first property00:14:28 - Revenue streams00:22:47 - Buying more and more swimming pools (real estate)00:26:23 - The future is about following a boutique model (add gymnastics and ninja model)00:30:05 - Swimming schools and private equity00:43:17 - Competition of talent and coaches00:44:20 - Opportunity in NYC (lots of people, no water)00:47:03 - Technology and automation in the swimming business00:52:31 - Expanding into the pool fence industryFollow Mikk/PrivatEquityGuy on Twitter: https://x.com/PrivatEquityGuy⁠⁠⁠Josh on Twitter: ⁠⁠⁠https://x.com/swimschoolJoshThis podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.