$10MM Gross High Profit Plumbing Company

Business Overview:

The Company is a premier residential construction plumbing company serving the Dallas-Fort Worth Metropolitan Area with an unwavering dedication to integrity and excellence. Committed to providing exceptional service, the Company ensures timely completion of projects while maintaining the highest standards of craftsmanship. The business model of the Company revolves around providing plumbing services for new construction in the residential sector, primarily targeting tract and custom homes. Operating with a focus on simplicity and delivering high-quality work, the Company effectively manages overhead costs. The owner, along with his team of superintendents, oversees material orders and ensures top-notch quality in all projects, maintaining the Company's commitment to excellence. With a remarkable 80.0% client acquisition rate driven by strong relationships, it also has an impressive sales conversion rate of 40.0% from lead to customer achieved without incurring any marketing or sales costs, showcasing an exceptionally efficient customer acquisition model. Currently, it has 7 skilled plumbing supervisors working for 44 building superintendents.  

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Property Features and Assets:

Customers: Over the past five years, the Company has served over 3,500 customers, with 850 of them served within the last 12 months alone. Looking ahead, the Company anticipates serving an additional 300 customers in the next three months.  Currently, it services 6 new home builders doing around 1,000 total houses.

Recognition: Renowned for its commitment to both quality and competitive pricing, the Company has garnered positive customer reviews and received the prestigious Newcomer of the Year award.

Market Competition and Expansion:

Competition: While numerous plumbing companies operate within the industry, competitive pricing serves as a significant competitive advantage for the Company, setting them apart and attracting customers in a crowded market.

Growth & Expansion: Led by a seasoned owner, boasting 24 years of licensed plumbing experience and a Master's License for the same, the Company prioritizes efficiency and excellence in operations. With a team holding Journeyman and Tradesman licenses, punctuality and timely task completion are paramount. Rigorous expense management using tools like Microsoft Excel ensures solid profitability.

Despite challenges posed by the COVID-19 pandemic, the plumbing industry showcased resilience, with residential demand driving growth amid decreased commercial activity. The owner’s strategic approach includes maintaining a zero balance with suppliers, ensuring seamless access to products, and fostering strong relationships. Bolstered by a robust customer network, the Company is poised for continued growth and expansion.

Reason for Selling:

The current owners wish to pursue other opportunities.

Additional Details:

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