MergerPlace

Commercial Plumbing Contractor

San Jose, California


  • Asking Price: $1
  • Gross Income: $10,451,646
  • Cash Flow: $2,202,623
  • Real Estate: $7,580
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #226266
  • Established: 1987
  • Employees: 45 Full-time 1 Owner

Business Description

Non-union commercial plumbing contractor in the Silicon Valley area. Revenues 90% new commercial construction, 10% maintenance service. Works for general contractors on new construction and directly with clients for maintenance. Maintenance clients include a famous global tech company whose name you probably see on your computer every day that owns $8 billion in commercial real estate in the Silicon Valley. Other clients are also publicly traded large businesses that own and occupy hundreds of thousands or millions of square feet of commercial real estate in the Silicon Valley area.

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 or two 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 market salary rate and work for 1 to 2 years after closing.

There is a Confidential Business Review and also lots of supporting documents for this business.

Revenue in 2020 was $10.4 MM on an accrual basis with SDE of $2,202,623.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or contact Greg Carpenter at (408) 898-0393 to receive a confidentiality agreement and learn more about this opportunity.


Business Details

Primary Business Category: Contractors - Special Trade
Location: California
Metropolitan Area: San Jose

Company Information

Year Established: 1987
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 45 Full-time 1 Owner

Financial Information

Asking Price: $1
Gross Revenue: $10,451,646
Cash Flow: $2,202,623
Real Estate: $7,580
Seller Financing Available: Yes

Property Information

Facilities:

Leased office/warehouse 7,560 square feet near the intersection of two major freeways and 5 minutes from San Jose International Airport in a multitenant property. Leased office/warehouse in a multi-tenant property Monthly Rent - $10, 536 New Lease Available

Growth & expansion opportunities:

Demand far exceeds supply – no marketing needed to grow.

Competition:

There are only 2 or 3 direct competitors for the size and type of jobs this company does in its market area.

Reason for selling:

Retiring

Support & Training:

Seller will provide training at no cost to buyer.

Contact Business Seller

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Business Listed By:

Greg Carpenter

Certified Business Broker