MergerPlace

Highly Profitable Plumbing

Washington (Spokane)


  • Asking Price: $437,000
  • Gross Income: $759,703
  • Cash Flow: $157,683
  • Real Estate: Not Disclosed
  • Inventory: $25,000
  • FF&E: $132,000
  • Listing ID: #222438
  • Established: 1989
  • Employees: 5 FT

Business Description

The Company specializes in new home construction plumbing. They also provide radon mitigation systems on new home projects and provide all of the updates, repairs and water heater change-outs to a 100+ unit apartment building.

The Company prides itself on the team environment they've created as well as the stellar reputation they've earned with their customers, contractors, suppliers and inspectors over their 31 year history in the market they serve.

Their work is exemplary. They show up clean, professional and on time.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Washington
County: Spokane

Company Information

Year Established: 1989
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT

Financial Information

Asking Price: $437,000
Gross Revenue: $759,703
Cash Flow: $157,683
FF&E: $132,000
Inventory: $25,000
Seller Financing Available: No

Property Information

Facilities:

The Company leases 4,400 square feet of space in a building constructed in 1993. The building is situated on .33 acres (14,200 sq. ft.) and is centrally located in the market they serve. The interior space includes 500 sq. ft. of office space and lunchroom space and 3,900 sq. ft. of shop and warehouse space. The parking lot is paved and the entire perimeter of the property is securely fenced and gated.

Growth & expansion opportunities:

There is substantial growth potential in the service side of the business. The Company currently turns away calls for service on a daily basis.

Competition:

The Company is one of the oldest plumbing companies in the market it serves. While not the biggest they are highly respected and considered a cornerstone of the industry in their market. The industry forecast is strong in both new construction and service work and the market the Company serves is expanding rapidly.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ no cost New construction plumbing accounts for approximately 80% to 85% of the Company's annual revenue with 15% to 20% coming from service work. Licenses and endorsements the current owner possess: State of Washington General Contractor license (plumbing contractor license would suffice), State of Washington Journeyman Plumber license, City of Spokane Mechanic I license (gas fitter license), State of Idaho Plumbing Contractor license (only if working in Idaho), State of Idaho Journeyman Plumber license (only if working in Idaho), Radon Mitigation Specialist (endorsement by the National Radon Safety Board). Business acumen, knowledge of general construction and team leadership are skills that will help a buyer successfully transition into ownership of the business.

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Business Listed By:

Brian Southworth

Murphy Business Brokers