Commercial Plumbing

Des Moines, IA
Polk County

Asking Price: Annual Revenue:
$1,985,000 $3,101,318

Services: Utilities: Electric, Gas, Water, Sanitary

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RE: Commercial Plumbing Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,985,000 12% Buyer Down Payment: $238,200 15% Seller Financing: $297,750 73% Bank Loan: $1,449,050

Quick Facts

Asking Price: $1,985,000
Annual Revenue: $3,101,318
Net Profit: Not Disclosed
Cash Flow: $657,158
Total Debt: Not Disclosed
FF&E: $489,000
Real Estate: Not Disclosed
Year Established: 2003
Employees: 21
BBN Listing #: 668834398
Broker Reference #: SER055

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Business Overview:

Owner will stay employed as master for 2 years! Long term contracts and 20+ employees located in the Des Moines area. With over $633,000 in assets, this team mainly works with commercial clients (80%) such as universities, property management companies, agricultural operations, as well as state and federal governmental entities. About 10% of all services fall outside the typical contracted relationships in the northern surrounding counties. Operating with a nimble team of 21, Master Plumbers and apprentices work together on projects such as service installation, agricultural projects, steam hydronics, chilled water lines, boiler servicing, and much more! The current owner is willing to stay on as master plumber for at least 2 years (longer if needed). His ongoing salary is reflected in the cash flow shown.

The 5,400 space is owned by the seller, but the space will be available for uninterrupted continued lease after the sale. The building features an office with a large warehouse and a one-acre lot for storage.

The owner currently manages the development of new business including estimations. This owner has also developed a strong company culture, creating a close-knit atmosphere where apprentices can learn, individuals have the resources they need, and projects are matched to the best technician possible.

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Property Features and Assets:

5,400 square feet: Office and warehouse, 1-acre storage yard, available for continued lease.

Market Competition and Expansion:

Implement annual service contract sales; Increase residential sales; Increase Federal work.

Reason for Selling:

Exit planning

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.

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