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For Sale: Plumbing Company - Turnkey, Highly Profitable - Los Angeles County, California

$2,039,988.00

Asking Price

  • Status: Active

  • Posting ID: 284832

  • 6/13/24

Los Angeles County Plumbing Company - Turnkey, Highly Profitable Business For Sale

Description

Founded over 37 years ago, this widely recognized commercial plumbing business has developed a reputation throughout the industry for consistency, reliability, and quality. The business has had a solid record of growth over the last 37 years.


Throughout the decades, the company has completed projects for almost every kind of building in California and has done work in many different states. Currently, the company emphasizes commercial tenant improvements, renovation, remodeling, and new construction. The company primarily contracts with general contractors and focuses on large jobs. Some examples are major retail stores, high-end Hotels, high-rise office buildings, restaurants, federal government sites, colleges, banks, churches, schools, fitness centers, assisted living, and more.


Over the years, and through previous recessions, the company has maintained revenues by shifting its workforce to areas of demand. The owner reviews the bids and contracts and handles the payroll and invoicing.


The 2023 annualized revenue indicates about 6% growth from 2022 (a little over $1.9M through July 31, 2023). The Seller’s Discretionary Earnings (SDE) is already over $600K through July 31, 2023, compared with $605K in 2022. The company’s current WIP and backlog as of September 2023 is over $3M, with future potential contracts in negotiation for over $5M.


The company has eight employees, including two foremen.


The business would make an ideal acquisition target for an established business looking to expand its footprint in the stated markets. A C-36 plumbing contractor license is required to operate this business. The business is prequalified for an SBA loan.
For additional information, please contact Matt Manavi at mmanavi@tworld.com or call 714-923-1222 X1.

To get more information about this Plumbing Company - Turnkey, Highly Profitable business for sale in Los Angeles County please phone Matt Manavi, CBB, CBI, M&AMI (Intermediary, Broker - BRE License #:02018229) at 714-923-1222 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284832 on BizBen.com. In addition to phoning Matt Manavi, CBB, CBI, M&AMI, make sure you email Matt Manavi, CBB, CBI, M&AMI above to get more info about this Plumbing Company - Turnkey, Highly Profitable, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02018229. Transworld Business Advisors of Orange.

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Contact

  1. Name: Matt Manavi, CBB, CBI, M&AMI
  2. phone iconPhone: 714-923-1222

Details

  1. Asking Price: $2,039,988.00

  2. Down: $250,000.00

  3. Cash Flow: $605,000.00

  4. Revenue:    $3,066,000.00

  1. Area: Los Angeles County

  2. City: None Given

  1. Attributes:

    Broker Cooperation

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