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Virginia Business For Sale |
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| REGIONAL FULL SERVICE PLUMBING/GAS/SEWERCONTRACTOR |
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| Attn: Mickie Bernard |
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| not disclosed, VA, USA |
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| Asking Price: |
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Not Available |
| Business for Sale Industry: |
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Services: Construction, Contractors |
Year Established: |
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1949 |
| # of Employees: |
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4 |
| Yearly Revenues: |
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$1,320,000 |
| Yearly EBITDA: |
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$182,000 |
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Business for Sale Overview:
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The March Group, LLC currently represents a company with over 50 years experience specializing in general plumbing, appliance installs and the service and repair of water/sewer/plumbing/gas lines. 2007 revenues of $1.32 million represent year-over-year growth of 16.68%, with double digit growth strongly favored into 2010. At the same time, EBITDA margins have continued to widen, growing from 10.50% in 2006 to top 13.75% in 2007 to $182,000. 2008 predictions include $1.5 million in revenue and $320,000 in EBITDA which equates to a 14% and 75% increase respectively. Serves a well over 13,000 residential customers in the D.C. area with a small quantity of commercial clients. Awarded appliance installation contracts with two leading national home and appliance store chains which also stands as an exciting area for growth. Leading edge cured-in-place-pipe (CIPP) relining technology — designed by the owner to repair damaged sewer lines with minimal amounts of excavation, offers a valuable growth avenue for the Company. Represents foremost names in plumbing products including Kohler, American Standard, Crane, Moen and Delta. Hot water heaters represent one of the Company’s main installation products. Small non-union shop with no union affiliations which outsources to trusted independent contractors only when applicable. The local area is expected to have 12.5% population growth by 2010, an additional 16% by 2020. Products installed sustain a target markup of 40%.
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Property Features and Assets:
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Leased 6,000 square feet of office and warehouse space. |
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Market Competition and Expansion:
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Company growth will come from more aggressive marketing which targets commercial and residential customers outside of normal operating base. The Company expects to experience significant growth as a leader in the trenchless sewer line repair service that utilizes state-of-the-art cured-in-place-pipe (CIPP) relining technology. While the license is not exclusive, trenchless CIPP relining of underground pipes is seen as an exceptional growth market. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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