Commercial Plumber Contractor For Sale - Southern California, California
Ad/Listing Information
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| Status: |
Off The Market |
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| Location: |
Southern California |
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| County: |
None Given |
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| City: |
None Given |
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| Financial Information |
Detailed Information |
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| Price: |
$3,600,000 |
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| Down: |
Call/Email |
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| Revenue: |
$6,100,000 |
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| Adj. Net: |
$980,000 |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Coop: |
Call |
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| Franchise: |
No |
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| For Sale By Owner: |
No |
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| Asset Sale: |
No |
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| Lifestyle: |
No |
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Description Of This Southern California Commercial Plumber Contractor Business For Sale:
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The Company Is Owned By Two Brothers. One, The President, Handles Most Of The Executive Functions. The Other Functions Quasi-Independently As A Project Manager. The Owners Have Owned The Business For More Than Twenty Years And Have Been Involved In The Industry For Thirty Years.
The Company Only Does Commercial Work Which It Wins Based On Bids Submitted To General Contractors. The Rule Of Thumb Is A 10% Capture Rate On The Work That They Bid. Commercial Work Excludes Apartment Building And Condominium Work. Over The Last Three To Four Quarters A Good Deal Of The Work Has Been In The Public Work Or Federal Projects Arena. Despite Difficult Times In The Commercial Construction Market, The Company Has Grown By 20%, 32% And 10% Over The Last Three Fiscal Years.
The Company Has 15 Company Owned Trucks And The Other Equipment Required To Operate The Business. The Company Also Maintains A Relatively Large Inventory And Small Tools.
In Order To Present A Consistent And Professional Appearance On The Work Site, The Company Spends Approximately 2,000 Per Year On T-Shirts With The Company Logo In Job Site Safety Colors.
The Company Anticipates A 10% Capture Rate On The Work That Is Bid. Bids Are Based On Targeting Costs At 65% Before Overhead And Profit. In The Current Environment, The Company Has Chosen To Reduce Margins Somewhat; However, The Owners Have No Intention Of Buying Work Without Profit. As Noted On The Income Statements, The Owners Have Operated Above 40% Gross Profit For Two Of The Last Three Years.
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Commercial Plumber Contractor Business Opportunity For Sale, Southern California, California, CA | BizBen
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