20 Year Old Plumbing Business w Real Estate/Revenue $700k+

Price: $1,150,000

Location: Orange County

Industry: Construction

Listing ID: 4110-00225

Listing Status: New

Description

Owned and Operating since 2001, this business has established a strong and positive reputation through offering honest and truthful service without overselling. The business generates approximately 30-40 leads per week through word of mouth, with limited use of advertising. The service area is about 30 miles from the office, but will extend outside of this area for long-tenured clients or for some commercial jobs (which account for about 25% of the overall revenue). On the commercial side, the business services large brands, down to many small mom/pop businesses in Central Florida.
Residential repair work is the highest revenue generator in the business. While they do not service septic tanks and drain fields, the business does small jobs like replacing toilet flappers, all the way to completing the plumbing work when building a house. Target margins for materials are at a minimum of 37%.
The owner of the business holds a Certified Plumbing Contractor license, and spends about 50 hours per week in the business; doing mostly all estimates/bidding, managing vendors/supply houses, and troubleshooting on some jobs. The owner is willing to stay on for new ownership, post-sale.
The business comes with a fleet of trucks, vans, and plumbing tools. Also included in the price is the Real Estate where the warehouse/office operates out of. The industrial/warehouse zoned stand-alone building has a large fenced in parking lot, and has recently been renovated with modern/updated bathrooms, floors, and finishes.
2021 numbers are annualized (from 7 months) to be slightly less than 2020, mostly due to shortage of available labor (and being unable to fulfill the leads coming in).

LISTING DETAILS

Down Payment: $189,000

Total Sales: $772,444

Cash Flow: $279,501

Accounts Receivable: $10,000

Accounts Receivable Included: No

FFE: $100,000

FFE Included: Yes

Inventory: $10,000

Inventory Included: Yes

Operation

Year Established: 2001

Days & Hours of Operation: Monday - Friday, 7:30am - 5:00pm

Owner Hours Per Week: 50

Lender Pre-Qualified: Yes

Employees: 6

Managers: 0

Lease Option: Negotiable

Location

Real Estate: $600,000

Real Estate Included: Yes

Monthly Rent: $2,100

Type of Location: Stand Alone

Square Footage: 3463

Franchise: No

Relocatable: No

Summary

Reason For Sale:

Retirement, Other Business Interest

Training & Support:

2 Weeks Training

Financing/Terms:

Loan/Other- Amt: 1,062,000 Mos:300 Rate:5.75 Mo Pmt:6,681.11

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Tony Blair

Tony Blair