Business For Sale

Fire Sale Absentee Plumbing Business

Not Disclosed, NE

Central Nebraska

Asking Price: Annual Revenue:
$420,000 $1,024,446

Services: Construction, Contractors

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RE: Fire Sale Absentee Plumbing Business Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $420,000 15% Buyer Down Payment: $63,000 15% Seller Financing: $63,000 70% Bank Loan: $294,000 A 15% down payment of $63,000 returns $229,229 in the first year after debt payments!

Quick Facts

Asking Price: $420,000
Annual Revenue: $1,024,446
Net Profit: Not Disclosed
Cash Flow: $289,686
Total Debt: Not Disclosed
FF&E: $132,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 6
BBN Listing #: 62634398
Broker Reference #: SER053

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Business Overview:

Due to the owner’s poor health, this seller is looking to move quickly. One Master Plumber is ready and willing to step into a role as GM at this profitable Midwest plumbing business. They are in a rapidly growing area of Central Nebraska with lots of expansion opportunities as companies move into town and need commercial plumbing buildouts. Included in the sale of the business is $132K in assets, $65K from general equipment, and $65K from vehicles, along with $2K in fixtures and supplies.

Currently, the business has about 40 repeat service clients for home repairs and installations and works with several contractors for buildouts of shopping areas and other commercial units. Bathroom remodels are a popular service as well and range in price from $2,000-$9,000 per job. With two Master plumbers and 2 Apprentice plumbers, this business is set to take advantage of the many contracting opportunities arising in the area.

They do work within a 200-mile radius of the physical location, so there is a wide range of customers being serviced. Their services in these areas include commercial work, new construction, remodels, septic systems, sewer cleaning, and general plumbing service work. A good area for growth would be to bid on more commercial and larger contracts within the growing community they service.

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Property Features and Assets:

$750/ month 650 Square feet with office/ reception area and storage plus 400 square feet detached garage.

Market Competition and Expansion:

Growth Opportunities: bid on more commercial contracts in growing city.

Reason for Selling:

Seller illness

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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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