Commercial Plumbing And Gas Contractor

Business Overview:

The company has not only successfully completed projects of varying sizes–from single-story buildings to large-scale structures up to 35 stories— they have also amassed the expertise, reputation, and manpower to complete some of the largest projects in their region.

Their service offering spans the full gamut of industrial plumbing projects, covering the full scope of piping systems, including sanitary drainage/venting, storm drainage, potable water, water heating systems, natural and LP gas supply, and fixture installations. One key competitive differentiator lies in their in-house prefabrication capabilities, which allows them to efficiently fabricate custom sanitary drainage /venting, potable water , booster pumping, heating manifold systems, and more.

Over the last few years specifically, the company has managed to achieve double-digit sales increases without any advertising program in place. The owner attributes this growth to word-of-mouth referrals, long-standing relationships with satisfied clients, and operational improvements that have effectively reduced the cost of goods sold from 75% of revenue down to 67%.

With $17–$19 million in annual revenue, he’s confident that bringing on more managers, expanding bidding capabilities, and strengthening administrative support could easily push revenue to $20–$25 million. 

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Property Features and Assets:

The primary location is a 10,000-square-foot office, built by the founders 35 years ago, with a 4,000-square-foot yard for truck storage, fabrication, and material turnover. A newly acquired 6,000-square-foot warehouse serves all west coast operations, offering similar capabilities, including material storage and fabrication. The company manages a fleet of around 25 trucks, three mini excavators, and additional trailers and large trucks for equipment transport, handling its own excavation work whenever possible.

Market Competition and Expansion:

Although the local market is conducive to growth, the competitive landscape is pronounced, where approximately 10 similarly sized contractors compete directly. Despite this competition, the company leverages several key advantages to stand out. These include long-term employee retention, exceptional customer service, proficiency in bidding and value engineering, as well as comprehensive project servicing and warranty support.

Expansion can be achieved by adding managers, expanding bidding capacity, and introducing advertising.

Reason for Selling:

Retiring. Kindly ask the seller for more information.

Additional Details:

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