Highly Profitable West Michigan Plumbing Company

Not Disclosed, MI
Kent County

West Michigan


Asking Price: Annual Revenue:
Not Disclosed $2,614,040

Services: Utilities: Electric, Gas, Water, Sanitary


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RE: Highly Profitable West Michigan Plumbing Company Broker: Max Friar
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $2,614,040
Net Profit: Not Disclosed
Cash Flow: $548,052
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $1,000,000
Year Established: 1996
Employees: 17
BBN Listing #: 888245079
Broker Reference #: 132

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Business Overview:

This opportunity is a full-service plumbing company for sale in West Michigan that offers a wide array of services, including but not limited to the repair and installation of plumbing systems, drain cleanings, water heater services, backflow testing, and PFAS treating. Additionally, the Company specializes in kitchen and bathroom remodeling. The Company completes work for the purposes of new construction, remodels, and retrofitting existing plumbing systems.

The Company was founded 25 years ago and is owned and operated by the original founder. The owner and the owner’s spouse are both actively involved in the Business on a full-time basis. The owner serves as the main communication liaison between prospective customers and fulfills all quoting duties. The owner’s spouse oversees HR, payroll, payables, receivables, and treasury duties.

The Company’s staff is a mix of experienced employees and young newcomers who hope to grow alongside the Company. From an employee standpoint, the combination of both younger and more experienced employees fosters future success as the newer employees are granted the opportunity to learn directly from their co-workers and gain valuable experience. Working alongside these experienced team members prepares the new employees to take over without ever missing a beat when the time is right.

The Company currently operates out of a facility owned through the owner’s real estate holding entity. The property is extremely well-maintained and visually appealing, both on the interior and exterior. The facility has an estimated market value of $1,000,000. Ownership is flexible regarding the sale or lease of the real estate.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email info@caldergr.com and request a PDF version.

Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you by the project manager.

IF YOU DO NOT RECEIVE A FOLLOW-UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR
JUNK MAIL FIRST. If you do not see the email there, please email us for support. Thank you in advance!

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Property Features and Assets:

The Company operates out of facilities owned by the owner. The Company occupies 6,579 square feet of the total 9,825 square feet, while the remaining 3,280 square feet is leased between two non-related third-parties. The Company’s occupied space encompasses 5,200 square feet of warehouse space and 1,379 square feet of office space. The office space includes four individual offices, a conference room, and a lunchroom, while the warehouse space features four bay garage doors for easy access. Both the building’s interior and exterior are in excellent shape, structurally and visually. Facility is available for lease or sale.

Market Competition and Expansion:

Investment Highlights Include: (1) Established Reputation for Quality: The Company is best known for its reputation above all else. The Company is consistently regarded as knowledgeable, dependable, and friendly. These qualities stem from the Company’s commitment to putting customers first and a shared vision across all employees and management to deliver high-quality customer experiences. (2) Strong Financial Performance: The Company has shown consistent growth and financial performances over the prior years, and especially so throughout 2020 and the COVID-19 pandemic. The Company’s management is forecasting new records in terms of both top-line revenue and bottom-line profits for 2021, illustrating both the management’s and employee’s commitment to the success, growth, and longevity of the Company. (3) Extensive Community Involvement: The Company is heavily involved within the local community, as both the management team and employees enjoy volunteering and maintain a positive Company image. The current owner accredits much of the Company’s success and growth to the Company’s awareness and standing within the community, as the Company is often top-of-mind for anyone desiring plumbing and/or remolding services in the area. Growth Opportunities Include: (1) Increase Recruitment from Local Skilled Trades Programs (2) Further Expand into the Commercial Market Segment (3) Implement CRM Software to Improve Marketing Capabilities

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.

Relevant Links:

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