Commercial & Residential Plumber Contractor
This is an excellent opportunity to purchase a business with 65% repeat business and a very well trained and licensed staff. They are positioned well with a good mix of service & new construction as well as commercial and residential. They are well equipped and handle just about any type of plumbing job.
Listed By: Mike Kendall
Background information
Reference:
KCG56
Year established:
1989
Reason selling:
Owner is retiring.
Finance
Sales:
$2,610,000
Profits:
$691,832
Profit type:
Discretionary Earnings
Operations
Employees:
They have 10 employees in total. The owner has a well trained staff including two managers that handle the majority of the plumbing functions. His primary role is mostly office work, permitting, and estimating, all of which he has solid back up resources.
Equipment:
They are well equipped for any aspect of a plumbing job, new construction and service.
Premises
Facility:
The real estate is owned by the sellers in a separate entity and is not included in the sale price. They occupy 780 square feet of office space on 1.05 acres with a fenced storage lot containing plumbing trucks, excavators, part storage pods, and other equipment. The facility has plenty of room to expand the storage lot or build additional office space. There is ample parking in front of the office.
Square footage:
780
Rent and lease terms:
$2000/month, 3 years
Location:
They are located in an industrial park and have convenient highway access.
Price and terms
Price:
$2,500,000
Down payment:
$270,000
Financing:
SBA Approved, 10 years, Downpayment $260,000, 7.25%
Training:
Seller will train for 3 months at no cost to the buyer and be on call to answer any questions for 1 year.