Drain Inspection and Repair Business

Not Disclosed, UT


Asking Price: Annual Revenue:
$2,000,000 $1,055,843

Services: Construction, Contractors


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RE: Drain Inspection and Repair Business Broker: Marvin Slovacek

Quick Facts

Asking Price: $2,000,000
Annual Revenue: $1,055,843
Net Profit: Not Disclosed
Cash Flow: $613,653
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 8
BBN Listing #: 33764955
Broker Reference #: 7401-15154

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Business Overview:

This firm has been operating for nearly 25 years in Northern Utah. They specialize in drain inspection and repair services for both residential and commercial applications. They have established a great reputation based on very fast, reliable service at pre-determined job costs.

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Property Features and Assets:

The business is operated from a leased facility with some office space as well as storage space for inventory and equipment. Most of the equipment is carried on the various vans and trucks. Assets=$260,000.

Market Competition and Expansion:

This firm has pursued very little in terms of advertising and promotion. Roughly 80% of their work comes via word of mouth and referrals. There are limited companies specializing in the drain inspections, repair and cleaning. Some of these services can be performed by plumbers, but not all have the specialized equipment and experience to complete these jobs quickly and efficiently. Jobs are typically quoted at a flat rate; providing customers with confidence in the total cost they will incur. And the promise of 24 hour rapid service also sets them apart from competition. Current ownership has built this business consistently over the last 24 years; but have recently determined to move towards early retirement and have not exploited several outstanding growth opportunities. 1) Current ownership has restricted their efforts to a limited radius allowing them to provide very timely service. The geographic area served could be greatly expanded. 2) They have focused on a specialized aspect of the "plumbing business" and consistently refer out a great deal of business to general plumbers. A general plumber acquiring this business would immediately have a substantial book of new business 3) Since the current ownership has done very little in terms of advertising, an aggressive advertising effort would generate a great deal of additional work.

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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