Plumbing Service - Great Company!

Not Disclosed, CO
Larimer County


Asking Price: Annual Revenue:
$525,000 $1,085,000

Services: Home Improvement, Repair, Painting


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RE: Plumbing Service - Great Company! Broker: Jillian Blair

Quick Facts

Asking Price: $525,000
Annual Revenue: $1,085,000
Net Profit: Not Disclosed
Cash Flow: $219,000
Total Debt: Not Disclosed
FF&E: $140,000
Real Estate: $225,000
Year Established: 1987
Employees: 9
BBN Listing #: 625512510
Broker Reference #: 2378

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Business Overview:

This company has been faithfully serving the community for over 30 years and after running the business for the past 13, the current owner is ready to retire. Revenues and profits have been fairly consistent over the years because this is the dominant firm in its market area providing mostly service work to a healthy mix of residential and commercial customers. Furthermore, the customer base is very well diversified with the top customer accounting for 5% of revenue over the past 3 years, and the top 10 customers accounting for less than 20%. On the other hand, the company does very little new construction projects, so it’s not susceptible to the swings of the new construction market. Of course, the company is licensed and insured and they are very proud of their A+ accreditation from the Better Business Bureau. Dependable and knowledgeable employees are expected to continue with the company for years to come. The owner’s primary responsibilities are overseeing the capable staff and filling-in where needed. The owner will provide training and transition assistance to ensure a smooth transition for the new owner. However, the buyer will need to be at least a journeyman plumber. All equipment and vehicles are very well maintained. The 1,990 square feet office and shop building is also for sale to the purchaser of the business for an additional $225,000, or lease for $1,250/month NNN. SBA lending is pre-approved for a qualified industry experienced buyer. Contact us today for further details.

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Reason for Selling:

Retirement

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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