Residential & Commercial Plumbing 25%Annual Growth
Not Disclosed, CA Santa Barbara County
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- RE: Residential & Commercial Plumbing 25%Annual Growth
- Contact: Arthur Williams
Quick Facts
| Asking Price: | $2,000,000 | |
| Annual Revenue: | $1,616,408 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $441,993 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2017 | |
| Employees: | 8 | |
| BBN Listing #: | 662629613 | |
| Broker Reference #: | FKA-113 |
Business Overview:
This residential and commercial plumbing company offers repair and maintenance services for Santa Barbara County and some surrounding areas. The company has grown to over $1.5 million in revenue and an average of 25% year-over-year growth for the previous three years. The business handles everything from emergencies to remodels to new construction. Several full-time skilled technicians specialize in plumbing and water heater repair, bathroom remodels, clogged drains, pipe repair, and more.
The business is also pre-approved with SBA financing with 20% down.
There is immediate growth potential through hiring more technicians, increasing the bookings of the existing techs, and expanding the service area covered. Specialty equipment could also be obtained for larger-scale work, such as a trailer to allow for powered jetting for larger lines, a line bursting machine, and leak detection equipment. The addition of jetting equipment would allow the company to provide work for clearing city and county storm lines.
The owners are planning to pursue other business interests as well as spend more time with their young children.
NEXT STEPS: If you’re interested in this business, please fill out the contact form, and we will email you an NDA to e-sign. Please look for an email with the subject 'Morgan & Westfield - Residential & Commercial Plumbing with 25% Annual Growth”. You can access more information on this business after e-signing our NDA.
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Property Features and Assets:
The current premises consist of a 1,000 square feet office and a 1,200 square feet shop with ample parking and excellent exposure.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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