Plumbing & HVAC Business For Sale New Orleans Area

Business Overview:

Duran Advisors presents this Plumbing and HVAC business for sale in the greater New Orleans area. The business currently provides plumbing services. The company has an array of equipment and a fleet of vehicles that will be included in the sale. It is fully set up to provide HVAC services as well as vehicles that have been specially outfitted for this purpose. The company boasts a turnkey system with a robust training program that will allow even a novice buyer to hit the ground running. This company would be an ideal strategic acquisition for an HVAC or other service company looking to buy its way into the plumbing market or home service market. This would also be a good fit for a construction company that is looking to diversify. The owner is looking to sell so that he may focus on his larger businesses. The owner is the master plumber and all work directly falls under his license. The owner is willing to stay on as master plumber if necessary for a to-be-determined fee agreement. Thus, a new owner does not need to be a master plumber. A 50-page CIM and Matterport Virtual Reality 3-D scan is available for review.

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Property Features and Assets:

The property is currently leased on a month-to-month basis at $3,200 a month. The facility is approximately 10,000 square feet which includes multiple office spaces and a warehouse. Sixty-five percent of the space is utilized; therefore, there is room for expansion. The seller believes the business could benefit by moving to a more centralized location; however, the current location is adequate. 

Market Competition and Expansion:

Over the five years to 2027, the performance of the industry's two major downstream markets will likely shift. Mortgage rates are anticipated to climb as the economy stabilizes post-pandemic, resulting in slowed activity within the residential construction sector. Conversely, the value of nonresidential construction is expected to increase at a steady albeit slow rate due to the complete economic reopening and reduced unemployment. As a result, industry revenue is forecast to fall at an annualized rate of 0.6% to $125.1 billion over the five years to 2027. Conversely, industry profit is expected to grow during the outlook period as purchase costs decrease.

Plumbing services businesses that have developed brands in their local markets will continue to be aggressively sought by private equity looking to roll up the industry. In mid-2021, there were at least 25 roll-ups happening around the country.

 

Reason for Selling:

The owner started a new business and needs time to focus on that business.

Additional Details:

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