• Offered at

    $4,300,000

    Offered at

  • Down Payment

    $495,380

    Down Payment

An exceptional plumbing service company with $4.3 million sales, 18% CAGR, $1.3 million Discretionary Earnings, and $1.2 million EBITDA is offered for acquisition with SBA financing.  The business is pre-approved for 10% down with 5.25% SBA financing for qualified buyers.   The company’s primary focus is plumbing services for property managers of commercial buildings, multi-units, and residential property managers.  Plumbing services for individual residential clients are just 10% of the company’s annual revenue.  The company has had steady growth and the owner-seller has built a company with excellent infrastructure, procedures, and a team of 20 employees including professional managers, and technicians. The owner’s attention to detail, expectations of professionalism, and quality workmanship has created a culture where all employees understand the importance of professionalism in both daily practice and appearance, and quality workmanship is always expected. 

Financial Summary

Summary 2018 2019 2020 2021
Revenue $2,602,192 $3,017,162 $3,596,323 $4,300,000
Cost of Goods Sold $1,495,048 $1,503,368 $1,877,628 $2,245,015
Gross Margin $1,107,144 $1,513,794 $1,718,695 $2,054,985
Operating Expenses $788,937 $1,160,552 $1,259,122 $1,035,329
Net Profit $318,207 $353,242 $459,573 $1,019,656
EBITDA $395,279 $469,863 $1,022,681 $1,193,524
Owners Benefits $227,072 $266,621 $563,108 $323,868
Discretionary Earnings $545,279 $619,863 $1,022,681 $1,343,524

Summary: 

  • Offered at $4.3 million
  • $4.3 million projected sales 2021
  • $1.3 million Discretionary Earnings
  • $1.19 million 2021 Projected EBITDA
  • $495,380 Down w/SBA Financing
  • 20 employees 
  • 14 Service Trucks
  • 3 Jetter trailers  
  • $325,000 Inventory 

Services:

  • Multi-Phase Projects
  • Simultaneous Multi-Project Repair 
  • Commercial-Industrial 
  • HOA Plumbing Services
  • Mixed-Use Residential 
  • Construction Defect Settlement Repairs

Staff:

  • 20 employees
  • Operations Manager
  • Superintendent & field training 
  • 4 Sr Technicians + 1 Technician
  • 9 Apprentices
  • Office Manager
  • 1 Admin Asst, 1 Dispatcher, 1 Customer Service Rep 

Equipment

  • 14 trucks
  • 3 Jetter trailers
  • $325,000 of truck inventory plus $50,000 of shop inventory
  • plus tools & office equipment

Buyer Skills and Requirements: 

The owner is actively running this business and the buyer will have to be willing and capable of learning to run the business.  While the buyer does not necessarily have to be a trained plumber, they must be willing and capable of learning the technical aspects of this business.  This is not a passive owner business.  

The owner has a C36 Plumbing Contractor License and will act as the RMO (Responsible Managing Officer) for the buyer for up to 12 months (maximum allowed by SBA).  The buyer will have to obtain their C36 license.  The Seller will provide training for 4 weeks/40 hours per week and in addition, will provide limited consulting as negotiated after the initial training period.  

 

Reason for Selling: 

The owner is retiring after 30 years in the plumbing business.   

Inquiries from principals only