Pipe-fitting & Plumbing with 2 Million in Sales

Detroit, MI


Asking Price: Annual Revenue:
$1,015,000 $2,167,310

Services: Utilities: Electric, Gas, Water, Sanitary


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RE: Pipe-fitting & Plumbing with 2 Million in Sales Broker: Seller of Business
Owner Financing is Available!
10% Buyer Down Payment $101,500 10% Seller Financing $101,500 80% Bank Loan $812,000

Quick Facts

Asking Price: $1,015,000
Annual Revenue: $2,167,310
Net Profit: Not Disclosed
Cash Flow: $347,503
Total Debt: Not Disclosed
FF&E: $588,297
Real Estate: Not Disclosed
Year Established: 2006
Employees: 11
BBN Listing #: 144534398
Broker Reference #: TRA035-F

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Business Overview:

The owner of this plumbing and piping company is looking for a strategic partner to grow the business further and is planning to stay on with the business for 2-3 years to assist in this anticipated growth and ensure a smooth transition. Based in Detroit, Michigan, this well-established business is centrally located between Ann Arbor, Flint, Detroit, and Toledo. This business has a client base made up of 80% repeat customers in a variety of industries including the industrial sector, the healthcare field, and municipal clients. Services that are offered include plumbing (which makes up 75% of service base) and pipefitting (25% of service base). The company comes with a well-established team of 11 including 7 field technicians, 2 estimators, 1 bookkeeper, and 1 admin. The current owner is active in the business overseeing estimates and visiting job sites once a week. The master plumbing license is not held by current ownership but instead is held by one of the team members. This business is primed for new ownership, with the projected $1,000,000 in backlog and $600,000 of new projects in their pipeline to be bid on.

The team works out of 5,000 square feet building with 3,500 square feet dedicated to the shop, with the remaining space dedicated to the office for $2,250 per month. There is plenty of room to expand operations both in the amount of space currently leased and in the opportunities that a buyer could easily take advantage of to see an ongoing development. With their exponentially high rate of return clients, an added marketing or advertising campaign could be expected to result in ongoing dividends of returning clients for years to come. A well-planned hiring campaign to bring in more laborers offers another path of growth.

Priced at $1,015,000 the purchase of this company includes all the assets that new ownership will need to continue and grow the current business operation. This includes vehicles, equipment, tools, trailer, and a working capital of $150,934 which, altogether, add up to be valued at $491,522.

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Property Features and Assets:

Vehicles: $291,678 Equipment, Tools, and Trailers: $48,910 Working Capital: $247,709 WIP: $1MM

Market Competition and Expansion:

Increase marketing and advertising presence. Hiring campaign to bring in more laborers.

Reason for Selling:

Seeking to sell to strategic new owner who will gr

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.

Documents:

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