MergerPlace

Sioux Falls Plumbing Company Plumber

South Dakota (Minnehaha)


  • Asking Price: $690,000
  • Gross Income: $698,489
  • Cash Flow: $276,409
  • Real Estate: Not Disclosed
  • Inventory: $26,820
  • FF&E: $130,694
  • Listing ID: #201396
  • Established: 1984
  • Employees: 3 FT/1 PT

Business Description

This three-man Plumbing Company was founded over 30 years ago and has a history of serving customers with honesty and integrity. Work is concentrated in the Sioux Falls and surrounding area. The garage, shop and office are all located in a 3.000 sq. ft. steel building that is about 20 years old and adequate for a good deal more than the current level of business. Sales have been steady at $700,000 and due to efficiencies over a third of that becomes bottom-line seller’s earnings.


Business Details

Primary Business Category: Contractors - Special Trade
Location: South Dakota
County: Minnehaha

Company Information

Year Established: 1984
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT/1 PT

Financial Information

Asking Price: $690,000
Gross Revenue: $698,489
Cash Flow: $276,409
FF&E: $130,694
Inventory: $26,820
Seller Financing Available: No

Property Information

Facilities:

The shop, garage, and office are kept up and have room to grow before needing a larger space. The building is 30 years old and has a lot of life still in it. There is a rental house included on the property that would be available for the new owner.

Growth & expansion opportunities:

Through minimal marketing and advertising this business has great growth potential. For an existing company, this has the potential to be a lucrative roll-up with quality, hard-working employees, a premium for services, and a stellar reputation.

Competition:

There is a dwindling supply of quality plumbers and tradesmen in the city and nationally. Quality employees are hard to come by. This business has three plumbers in addition to the owner. Two are Journeymen and the other is an Apprentice. They are one of the greatest assets to this company.

Reason for selling:

Owners are retiring. The current owner has a SD Plumbing license and is willing to help the buyer with the transition.

Support & Training:

Will train for 4 weeks @ no cost. A South Dakota Plumbing License is required to continue operating this business as is. The current owner has a SD Plumbing license and is willing to help the buyer with the transition. The business offers a variety of services in the traditional plumbing arena. They do not currently do any HVAC service or repair.

Contact Business Seller

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Business Listed By:

Josh Grode Wolters

Murphy Business Brokers