Non-union commercial plumbing contractor in the Silicon Valley area. Revenues 75% new commercial construction, 25% maintenance. Works for general contractors on new construction and directly with clients for maintenance. One new maintenance client that started in Q4 2017 is a famous global tech company whose name you probably see on your computer every day. This company purchased $1.2 billion of commercial property in the Silicon Valley in 2017 alone most of it needs refurbishing or repurposing, generating lots of work for this plumbing contractor, which is the exclusive plumbing contractor for the client in the Silicon Valley area. The owner expects to do $1.5 million + with this client in 2018.
There is a management team so that the owner works primarily on business development and top management oversight of the team. He is also the guardian of the profit margins, reviewing most bids prepared by the estimators, especially the large ones.
The owner has a C-61 contractor's license and is willing to work for a year as Responsible Managing Employee if the new owner does not have a contractor's license. He would like to be the business development/operations manager at the going salary and work for 1 year after closing.
There is a Confidential Business Review and also lots of supporting documents for this business.
Revenue in 2018 was $6.8 MM on an accrual basis with SDE of $1,097,000.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted.