Business For Sale

Commercial Plumbing Contractor

Not Disclosed, CA
Santa Clara County

Silicon Valley Location


Asking Price: Annual Revenue:
$2,950,000 $6,200,000

Services: Construction, Contractors


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RE: Commercial Plumbing Contractor Broker: Greg Carpenter
License #: #01009458

Quick Facts

Asking Price: $2,950,000
Annual Revenue: $6,200,000
Net Profit: Not Disclosed
Cash Flow: $990,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 45
BBN Listing #: 197535994
Broker Reference #: SV1134

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Business Overview:

Non-union commercial plumbing contractor in the Silicon Valley area. Revenues 75% new commercial construction, 25% maintenance. Works for general contractors on new construction and directly with clients for maintenance. One new maintenance client that started in Q4 2017 is a famous global tech company whose name you probably see on your computer every day. This company purchased $1.2 billion of commercial property in the Silicon Valley in 2017 alone – most of it needs refurbishing or repurposing, generating lots of work for this plumbing contractor, which is the exclusive plumbing contractor for the client in the Silicon Valley area. The owner expects to do $1.5 million + with this client in 2018.

There is a management team so that the owner works primarily on business development and top management oversight of the team. He is also the guardian of the profit margins, reviewing most bids prepared by the estimators, especially the large ones.

The owner has a C-61 contractor’s license and is willing to work for a year as Responsible Managing Employee if the new owner does not have a contractor’s license. He would like to be the business development/operations manager at the going salary and work for 1 year after closing.

There is a Confidential Business Review and also lots of supporting documents for this business.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or contact Greg Carpenter to receive a confidentiality agreement and learn more about this opportunity.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Leased office/warehouse 2,450 square feet near intersection of two major freeways and 5 minutes from San Jose International Airport in multitenant property.

Market Competition and Expansion:

There are only 2 or 3 direct competitors for the size and type of jobs this company does in its market area.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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