Rare opportunity to own an established plumbing services contractor serving the greater Washington, DC metro area. The business has been established for over 20 years and employs a team of highly trained, certified, and professional plumbers catering to the needs of residential and commercial general contractors. The company’s main focus is the construction of new single family homes, townhouses, condos, apartments, strip malls, hotels, and similar buildings.
The current owner founded the business to meet the growing needs of commercial and residential contractors and this industry is still the primary revenue driver. The current management team is active with a number of different trade groups and home builder associations. This has enabled them to develop relationships with potential clients and suppliers over the years. The business currently employs a total of nearly 50 office employees and field workers. They have an excellent management team in place and a great support staff to meet the needs of customers.
The company is well-positioned to expand its presence beyond its current geographies and is looking for a strategic acquirer that is interested in acquiring 100% equity stake in the business through an all cash deal or a combination of cash and seller financing.
The business operates out of a headquarters in Virginia, but most of the technicians work in the field. Building size is 7,362 SF - roughly 6,362 office and 1,000 warehouse.
There is ample room for growth in existing markets and categories, but a new owner could expand to other markets and industries as well as setting up a division to focus more on residential and commercial plumbing repair and service contracts. A new owner would also want to consider implementing a marketing and advertising campaign to create awareness about the business.
Standard competition in the market, but with over 20 years serving the DC Metro Area, the business has developed long standing relationships with home builders, general contractors, local associations, and other trade groups. They are an established brand with an excellent track record of providing high quality services at competitive prices.
The seller is looking to stay involved in the company and pass the torch to someone that can carry on the legacy of the business.
Seller will provide necessary training and support.