Business For Sale

Los Angeles Area Plumbing Business

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$597,500 $1,879,564

Retail: Home Improvement


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RE: Los Angeles Area Plumbing Business Broker: Ryan Clark

Quick Facts

Asking Price: $597,500
Annual Revenue: $1,879,564
Net Profit: Not Disclosed
Cash Flow: $597,462
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 210
Employees: 14
BBN Listing #: 61474929
Broker Reference #: NewPlum2

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Business Overview:

This Los Angeles area plumbing business has developed a coveted market niche in new upscale custom residential home construction. Historically, the firm has not engaged in service or repairs or accepted commercial clients, however they have recently launched a new but bourgeoning service business. As such, they efficiently operate with a high margin and an efficient team with an extraordinarily attractive average job cost which was in the $250,000 - $300,000 range! Due to personal reasons, this offering offers its fortunate buyer an unbelievable return on investment!

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Property Features and Assets:

This business operates out of an office warehouse that leases for $3,664 per month. All of the business's furniture, fixtures, equipment and goodwill will be included in the sale. 3 vehicles will be paid off and included in the sale, while approximately $250,000 - $300,000 in accounts receivable, almost $150,000 in job retention earnings as well as $100,000 of working capital in the bank may be purchased at cost at close on a dollar for dollar basis in addition to purchase price. About $100,000 in payables will paid off in sale, as will outstanding vehicle leases allowing a buyer to walk in and potentially recoup their entire purchase within a year!

Market Competition and Expansion:

Competition exists on various levels, however this well established operation has developed a loyal contractor client following that is anticipated to remain loyal to the company and its staffers (foreman, supervisors and workers) who they work alongside. New operators may wish to expand the service offering into a wider geography (since the majority of high end work is in Los Angele’s premier areas), consider engaging in commercial projects or expand the already growing service business. The owners have created what they felt was the most efficient and highest margin operation possible, which minimizes headaches and maximizes profits, however, new management may opt to further capitalize on this very solid operation in any number of ways.

Reason for Selling:

Personal

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.

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