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For Sale: Plumbing Contractor With Experienced Crew - San Francisco Peninsula

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Current Status: Active     Posting #: 244448     Last Refreshed: 1/23/19     BRE License #: 01919755    
Contact: Tim Cunha At 650-600-3751 , 844-237-6487  -  Also Email This Contact Below
Price:  $425,000     Down:  TBD     Adjusted Net:  Call / Email     Revenue:  $1,500,000    
Attributes:  Training & Support, Owner Financing     Cooperation With Brokers?  Yes
San Francisco Peninsula Plumbing Contractor With Experienced Crew Business For Sale

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  Description About This Posting: Plumbing Contractor With Experienced Crew
Leading licensed plumbing contractor serving commercial and residential customers mostly on the San Francisco Peninsula.

Almost 10 years in business, they serve a variety of customers with dozens of major corporations and national chains as regular recurring clients. The business is highly profitable and growing, with a highly-skilled and experienced crew. Projects include repairs, regular maintenance, residential and commercial renovation & remodeling, and new construction.

Annual sales are well over $1,000,000, with Seller's Discretionary Earnings ("SDE") in the 'comfortable six-digits.' The company maintains an efficient, affordable office/warehouse space on the San Francisco Peninsula. However, the business is easily relocatable anywhere on the Peninsula or East Bay.

The customer base is well-established; 90% of business is from recurring corporate clients. About 25% of sales are from the top 3 customers. The business has been built on its reputation by 'word-of-mouth,' with no formal marketing or advertising. The company specializes in commercial & residential remodels, commercial tenant improvements, and kitchen & bath remodels. The bulk of the sales are to national and international restaurant, coffee shop, and property management firms. There are over 500 active customers in the company database.

Staff: There are six full-time (W-2) employees, and two part-time (W-2) employees, comprising over 180 years of experience in the trade.
Buyer: The Seller will only consider offers from a buyer who (1) already has a general or plumbing contractors license, or (2) who has the experience and credentials to qualify for a license.

The Transaction will be for the purchase of the entire business. The asking price is $425,000, plus inventory at cost (approximate value: $30,000). Sellers will provide all necessary support for a seamless and easy transition. The owner/seller estimates office/warehouse furniture and fixtures to be worth $20,000+, and trucks and equipment to be worth $50,000+.

Financial Data: Full financial data will be provided upon signing an NDA. Business is a sole proprietorship. Owner/seller will substantiate expenditures allocable to other investment interests that constitute personal income in addition to that shown on business financial documents.

Note: All data on this business is provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

To get more information about this Plumbing Contractor With Experienced Crew business for sale in San Francisco Peninsula please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #244448 on BizBen.com. In addition to phoning Tim Cunha, make sure you email Tim Cunha above to get more info about this Plumbing Contractor With Experienced Crew, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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AJ Rana - Business Broker, San Francisco Bay Area

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