Business For Sale

High Net Residential/Commercial Plumbing Co

Miami, FL
Miami Dade County


Asking Price: Annual Revenue:
$2,500,000 $3,268,215

Services: Construction, Contractors


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RE: High Net Residential/Commercial Plumbing Co Broker: JM de los Rios
License #: BK708920
Owner Financing is Available!
Loan/Other: $2,200,000 @7.0% for 120 months, 300,000 down

Quick Facts

Asking Price: $2,500,000
Annual Revenue: $3,268,215
Net Profit: Not Disclosed
Cash Flow: $722,064
Total Debt: Not Disclosed
FF&E: $220,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 23
BBN Listing #: 53101249
Broker Reference #: 13473583

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Business Overview:

Miami based Commercial/Residential plumbing company with over $3.0 million in sales, in business for 27 years is available for acquisition.
Covering SE Florida with a higher concentration of projects in Miami-Dade County the company has extensive experience in new construction plumbing installations for Commercial Office Buildings, Industrial, Warehouse and Manufacturing Facilities, small to large tilt-ups, plus multi-unit developments.
The company has built an excellent reputation through competitive pricing, high quality work, professionalism, punctuality, knowledge and working to meet and exceed customer expectations. Currently the company has 25 highly trained and knowledgeable employees with 5 - 20 years of experience inclusive of managers, supervisors, plumbers, helpers plus an experienced office manager.
The company relies on its reputation and well-established relationships with general contractors, and developers in commercial and residential new construction and currently does not have a web-site or advertising budget for expansion into additional revenue streams.
The equipment list includes Mini-Excavator, Forklift, 2 trailers; 3 pick-up trucks; 3 Work Vans and general plumbing equipment used in the business.
Seller is offering 4 weeks of training included in purchase price and is willing to work as a consultant after the training period is over. Seller will train Buyer and/or new management in his duties during training and consulting periods.
Requires a Plumbing Contractor License, Seller is willing to act as RMO (Responsible Managing Officer) for Buyer until they can obtain their Contractor License or assist Buyer in hiring a permanent RMO/RME. 3M in backlog for the first semester of 2019 and 3.2M in the pipeline. Lender prequalified, 300,000 down

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Property Features and Assets:

3,500 Square Feet in Office/Warehouse; Lease/month: $5,350; Terms/options: Negotiable.

Reason for Selling:

Retirement

Additional Details:

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

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