Plumbing Business

Not Disclosed, WA
King County

Puget Sound Area

Asking Price: Annual Revenue:
$325,000 $374,416

Services: Construction, Contractors

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RE: Plumbing Business Broker: Claudia Smith

Quick Facts

Asking Price: $325,000
Annual Revenue: $374,416
Net Profit: Not Disclosed
Cash Flow: $239,433
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: Not Disclosed
BBN Listing #: 27964955
Broker Reference #: 8002-16961

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Business Overview:

Are you a plumber looking to expand your business? This is a thriving operation that is in great demand. If you are already doing residential repair & maintenance as well as new construction jobs this business is for you. It comes with all equipment, supplies and a vehicle.

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Property Features and Assets:

This is a home based business. Assets = $45,000

Market Competition and Expansion:

According to IBISWorld, demand for the installation of plumbing appliances and pipe-fitting services is dependent on growth in the US construction market. Over the past five years, new nonresidential construction declined due to COVID-19 (coronavirus) related establishment closures. However, this decline was offset by strong growth in residential construction and bolstered growth in this sector. The Plumbers industry also generates a significant portion of revenue from service work and maintenance on existing structures which experience a steady demand. As a result of strong growth, IBISWorld expects industry revenue to increase at an annualized rate of 3.0% to $124.0 billion over the five years to 2021. Demand for plumbing contractors will increase, especially for higher-margin projects, causing industry employment to rise at an annualized rate of 2.7% over the past five years, reaching 565,537 workers in 2021. Cumming Market Analysts report for the Seattle area, previously postponed projects are beginning anew. More favorable economic conditions have finally arrived, meaning that projects that were put on hold last spring and summer and finally breaking ground. Although the residential sector is the largest by a fair margin, the infrastructure sector is expected to see a lot of attention in the coming years as Seattle looks to become a leader in sustainability. Seattle is well on its way to a full recovery from the fallout of the last year. The owner says there is great potential for growth. Cumming market analysts in the Puget Sound Area predict commercial and residential construction projects are back on track which directly affects the trades. As a result of strong growth, IBISWorld expects industry revenue to increase at an annualized rate of 3.0% to $124.0 billion over the five years to 2021.

Reason for Selling:

Owners are moving out of state.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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