Episode Details

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 kids

Here is my conversation with Josh Scott, co-founder of SwimSRQ and Swim Academy.

Show notes:

00:00:00 - Intro

00:00:18 - Being more interested in business than just coaching

00:02:26 - Chasing a $300,000 salary vs becoming an entrepreneur

00:04:56 - Started in summer 2018; "A year later, we knew we had something..."

00:09:01 - Learning business

00:11:36 - Growth in number and decision to buy the first property

00:14:28 - Revenue streams

00:22:47 - 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 equity

00:43:17 - Competition of talent and coaches

00:44:20 - Opportunity in NYC (lots of people, no water)

00:47:03 - Technology and automation in the swimming business

00:52:31 - Expanding into the pool fence industry

Follow Mikk/PrivatEquityGuy on Twitter: https://x.com/PrivatEquityGuy⁠⁠⁠

Josh on Twitter: ⁠⁠⁠https://x.com/swimschoolJosh

This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.