South-East Michigan Piping Company

Livonia, MI
Wayne County


Asking Price: Annual Revenue:
$1,300,000 $2,167,310

Services: Construction, Contractors


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RE: South-East Michigan Piping Company Broker: Cortney Sells
Owner Financing is Available!
15% financing.

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $2,167,310
Net Profit: Not Disclosed
Cash Flow: $347,503
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 11
BBN Listing #: 461234398
Broker Reference #: Not Disclosed

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Business Overview:

This South-East Michigan Piping Company presents a huge opportunity for a strategic owner. With an excellent reputation and $1M in backlog for 2022, as well as huge growth opportunities in marketing and hiring, this business is extremely rewarding for the ambitious owner. The seller is looking to stay on for 2-3 years to help set the business up for great success in the face of growing competition.

The company boasts a team known for quality, punctual work delivered with a personal touch. With 25% of their work in pipe-fitting and 75% in plumbing, including both reworking existing pluming and installing new, this company has earned their high reputation and enjoys a strong base of repeat clientele due to the quality and timeliness of their work.

Situated in a growing industry in a strong location, clear growth opportunities present the strategic owner a route to great rewards in the face of growing competition. The current owner only does cold calls when they have time, and a marketing campaign can elevate this business to an even larger client base, which will then be subject to a high repeat client percentage. A well planned hiring campaign to bring in more laborers offers another path to growth.

The team works out of 5,000 square feet building with 3,500 square feet dedicated to the shop, and 1,500 square feet to the office. There is plenty of room to expand operations and bring in more laborers.

Servicing clients throughout the South-East Michigan area, this business returns $150,124 in the first year after debt payments, with a 10% down payment of $130,000.

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Market Competition and Expansion:

Increase marketing presence (currently owner only does cold calls). Hiring campaign to bring in more laborers.

Reason for Selling:

Seeking to sell to strategic new owner.

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.

Documents:

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