Absentee Owner-Ready Comm. Plumbing Contractor

Not Disclosed, TX
Johnson County

Asking Price: Annual Revenue:
$1,350,000 $3,258,834

Services: Construction, Contractors

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RE: Absentee Owner-Ready Comm. Plumbing Contractor Broker: Douglas Batts

Quick Facts

Asking Price: $1,350,000
Annual Revenue: $3,258,834
Net Profit: Not Disclosed
Cash Flow: $442,090
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: Not Disclosed
BBN Listing #: 63914955
Broker Reference #: 6008-17010

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Business Overview:

We are pleased to announce the availability of this profitable, well established, and successful plumbing contractor. They focus exclusively on long-standing single family home and light commercial construction builder engagements to drive their business. Their enduring, and growing relationships with large, local home builders, lasting more than 10 years, in many cases, has created customer concentration amongst the top builder, who comprises nearly 55% of the company's revenues. Though no long term customer contracts exist, the company's revenues and cash flow has remained strong for many years now through its job by job builder engagements.

It is currently a home-based, family owned and operated company which was originally established in 2006. Its owner is in his 40s and he has decided that he is much happier as an employee rather than dealing with the stress of small business ownership. He is willing to stay on board, with the company, after the sale, for up to 36 months after closing, and he would continue to run the 3 exclusive crews and loyal additional crews, as necessary, which the company has relied on for 10 plus years now, which creates a perfect absentee owner option for the successful buyer.

Included in the list price, the company is offering accounts receivables, currently valued at approximately $328,566, as working capital to help fuel the business after closing. This business has been approved for financing and boasts solid books and records. The company does not have a website and spends very little on advertising, which creates an revenue upside opportunity for an enterprising new owner.

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Property Features and Assets:

Home based. Assets = $318,566

Market Competition and Expansion:

Business has flourished among its competitors and is able to command higher profits from its home construction focus, rather than chase price sensitive residential plumbing products and services.

Reason for Selling:

Relinquish ownership and stay onboard.

Additional Details:

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

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