Residential, Industrial & Commercial Plumbing

Not Disclosed, CT

Southern Connecticut


Asking Price: Annual Revenue:
$1,500,000 $2,307,347

Services: Construction, Contractors


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RE: Residential, Industrial & Commercial Plumbing Broker: Arthur Williams
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $2,307,347
Net Profit: Not Disclosed
Cash Flow: $445,583
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 15
BBN Listing #: 337729613
Broker Reference #: FAR-104

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Business Overview:

Established in 2011, with 12 full-time and 3 part-time employees, this business specializes in plumbing needs for residential, industrial, and commercial clients in parts of Connecticut and New York. Through steady growth, the business surpassed $2 million in gross sales in 2019, with strong repeat customer numbers. Licensed plumbers, supervisors and service technicians handle basic clogged drains and filtration systems as well as more complex services in repair and installation of plumbing and sewer lines, excavation services, and heating repairs. The business offers 24-hour emergency services with rapid dispatch, and onsite maintenance contracts with commercial clients.

The sale includes basic and specialty equipment, a fleet of 10 vehicles, leak detection, cameras, locators, high pressure jetters, lining equipment, smoke testing equipment, dispatch software, and more with a database of over 9,000 current and past customers. Growth potential exists by increasing maintenance agreements, expanding marketing campaigns, and pursuing more economies of scale in vendor agreements. The technicians employed with the company who hold master plumbing licenses and are able to remain as the master license holders post-closing, if the new buyer is unlicensed.

Long-term leasing arrangements exist for office space and storage for equipment and materials, while the owner operates mainly from home, but the business can be relocated within the region. This presents an opportunity for expansion of a current business or an opportunity for someone with a background in the plumbing industry to own an established company and grow it further. The owner has been hands-on in the business, working alongside technicians when necessary, but he is now ready to move to Florida and start another business.

This is an established business. This is neither a new franchise nor a start-up opportunity.

***Please look for an email with the subject "Morgan & Westfield –“Residential, Industrial & Commercial Plumbing” after contacting us. You can access more information on this business after e-signing our Confidentiality Agreement. ***

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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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