Residential Plumbing with 30% Profit Margin

Not Disclosed, MN
Hennepin County

Asking Price: Annual Revenue:
$550,000 $824,312

Services: Utilities: Electric, Gas, Water, Sanitary

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RE: Residential Plumbing with 30% Profit Margin Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $550,000 12.5% Buyer Down Payment: $68,750 25% Seller Financing: $137,500 62.5% Bank Loan: $343,750 A 12.5% down payment of $86,250 returns $142,699 in the first year after debt payments!

Quick Facts

Asking Price: $550,000
Annual Revenue: $824,312
Net Profit: Not Disclosed
Cash Flow: $243,603
Total Debt: Not Disclosed
FF&E: $160,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 4
BBN Listing #: 72034398
Broker Reference #: SER070

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Business Overview:

This plumbing business serving the Twin Cities and Southwest Metro is in high demand for their outstanding customer service and trustworthy expertise. Services include remodels, water heaters, bathrooms, toilets, kitchens, gas lines, sump pumps and water softeners (50% Remodels, 50% Residential service calls). Over half of all service calls are repeat customers that take priority. New business is either turned down or booked one week out due to their sought-after service.

The Owner/Master Plumber is gas line certified to work on water softeners, appliances and outdoor kitchens for remodels or service calls. Currently working with ten contractors for remodels and one for new construction, the average job in this division ranges from $3,000-$10,000. Assets include four Promaster Vans with $10,000 of equipment and parts in each, totaling over $160,000.

Currently working with four experienced apprentices, there is room for additional staff to expand service offerings, client base and increase revenue. Two of the apprentices will be taking their journeyman test in the upcoming months. A buyer would need to hire someone certified or have a master plumber’s license and be gas line certified to continue providing current services.

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Property Features and Assets:

Home office; New owner would need a small office space and 4 parking spots for company vehicles.

Market Competition and Expansion:

The addition of employees to expand services, revenue and customer base.

Reason for Selling:

Retirement planning.

Additional Details:

  • The property is owned.
  • 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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