Market Leading Plumbing Contractor in N. Calif.
Annual Gross: $795,700
Annual Net Cash Flow: $352,500
Furniture, Fixtures & Equipment: $130,000 (included in price)
Inventory: $40,000 (included in price)
This 21-year-old company, with a long history of profitability, is a leading commercial/residential plumbing contractor in the north central region of California with plenty of room to grow into surrounding areas. A non-union company, it is well-known for quality work, outstanding customer service and competitive bids. It does comprehensive service and repair for new construction and remodels. Its long-term, loyal, competent employees, with the company's fully stocked service vehicles, do sewer and drain cleaning, repair/replacement of water, sewer and gas piping, installation and repair of all faucets and fixtures, video inspections, hydro jetting and much more, including certified regular and tankless water heater system installations.
An acquisition of this plumbing company can present an exceptional opportunity for an existing similar company in another region to have an immediate footprint in this constantly growing market area, or an existing local company can immediately expand its market share. Or a qualified individual can step into this profitable, well-established firm and earn significant cash flow almost immediately after purchase. An appropriate contractor's license is required.
Location: Butte County
Facilities: The seller has been operating from property that he owns and does not want to sell or lease. A new owner of the business will have the flexibility to relocate to a more suitable facility in this market area. This business could even be home-based as it doesn't require a lot of space.
Competition: There are other companies in the market area that can handle similar projects. But because of this company's depth of knowledge, coupled with the high-quality work, responsive customer service, long-term client relationships and very competitive pricing, it is rarely in truly competitive situations.
Growth and Expansion: The outlook for an established firm in this industry, in this region, is very positive. This company has strong relationships in the industry and growing demand for its services. There are several opportunities for growth that the current owner has not yet begun to exploit.
Support/Training: The seller will provide necessary training and help a new owner successfully transition into this business.
Reason for Sale: Retirement
Year Established: 1996
Employees: 4 (FT)
Financing: The seller may provide some financing for a well-qualified buyer with a substantial down payment.