MergerPlace

Commercial Plumbing Contractor

Santa Clara, California


  • Asking Price: $2,950,000
  • Gross Income: $6,200,000
  • Cash Flow: $990,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #208271
  • Established: 1990
  • Employees: 45

Business Description

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.

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: Construction - Building, Developing
Location: California
Metropolitan Area: Santa Clara

Company Information

Year Established: 1990
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 45

Financial Information

Asking Price: $2,950,000
Gross Revenue: $6,200,000
Cash Flow: $990,000
Seller Financing Available: No

Property Information

Facilities:

Leased office/warehouse 2,450 square feet near intersection of two major freeways and 5 minutes from San Jose International Airport in multitenant property.

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 qualified buyer.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Greg Carpenter

Certified Business Broker