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Union Plumbing Contractor For Sale - San Diego, California

Ad/Listing Information
Contact Information
 
Status: Available
Location: San Diego
County: San Diego
City: San Diego
Contact Broker:  Bill Lange
Primary Phone:  858-391-3388
Alternate Phone:  None Given
DRE Number:  01240119
Email Address:  Email Advertiser
Date Started:  2/7/12
Date Last Revised:   2/7/12
BizBen Ad #:  148149
 
 
Financial Information Detailed Information
 
Price:      $1,000,000
Down:      $1,000,000
Revenue:      $11,207,59
Adj. Net:      $823,950
Relocatable:      No
Home Based:      No
Real Estate Included:      No
Bkr To Bkr Coop:      Call
Franchise:      No
For Sale By Owner:      No
Asset Sale:      No
Lifestyle:      No

Description Of This San Diego Union Plumbing Contractor Business For Sale:

Executive Summary
Take advantage of the billions of federal funds benefiting union contractors with this highly-regarded San Diego union plumbing contractor. Founded more than 20 years ago, this Company specializes in industrial, institutional and commercial plumbing (including mechanical and site work). The firm has a long and enviable track record working with the military, government and educational institutions, and is perfectly positioned to capitalize on the current stimulus spending initiatives. A solid performer year-after-year, this Company sparkles from top to bottom, and is ready for a smooth transition to new ownership. Three-year average revenues 11.2M. Three-year average DE 823K. 2011 DE (6 months) 818K. Current backlog 7.4M. 24M bids pending. Offered for sale by its retiring owners.

Marketing Summary
This Company does no advertising, and doesn't have to (the ad budget is zero). After years of providing high-quality contracting services, the firm simply chooses which of the offered bidding opportnities it will respond to and accept. Growth is limited only by new ownership's willingness to take on additional work and new clients. Owner feels that advertising is a sure-fire way to increase sales.

Strengths Summary
* Highly respected
* Strong revenues and profits
* Union shop -- attractive in today's goverment incentive environment
* Long-term relationships with the region's best general contractors
* Strong presence in San Diego marketplace
* Readily scaleable to current contract requirements (flexible union staffing)
* Fully computerized systems in place -- meet all certification and audit requirements
* Complete infrastructure limited capital expenditures needed

Hours and Staffing
Monday through Friday, 8:00 a.m. to 5:00 p.m. Occasional weekend work if requried. Currently employs 47 -- ranges from 40 to 80 based upon job sequences. Union contract allows for flexibility.

Area and Facilities
Occupies a well-planned 7,980 square foot free-standing building in an attractive industrial park. Approximately 3,000 sq. ft. is office space, the balance is used for warehousing and assembly. Completely equipped from small tools to large heavy-duty vehicles, this Company's infrastructure is complete. The building is available for lease or purchase to new ownership (financial results presented reflect a purchase with an SBA 504 loan, estimated value 1.2M.

Company History
Founded more than 20 years ago. Consistent growth.

Financial Summary
Financial results shown are three-year average. Transferring assets are an estimate of original cost from tax return depreciation schedule. Current value may vary. SBA loan available to qualified buyer. Working capital required.

Additional Information
This is a confidential business offering. All prospective purchasers are required to sign a Non-Disclosure and Confidentiality Agreement and provide proof of financial capability. Minimum net worth requirements, the ability to obtain surety bonds and working capital are prerequisites.
Call Bill Lange (Broker) at 858-391-3388  (Please Mention You Saw This Ad On BizBen) About This Union Plumbing Contractor Business Opportunity For Sale in San Diego.


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