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Comm. Plumbing Contractor Avail. For Acquisition For Sale

Carroll County, Maryland, US
Asking Price:
$3,200,000 Furniture / Fixtures included
Sales Revenue:
$6,004,946
Cash Flow:
$1,119,449

This business is under an LOI. We can collect your information by submitting a request, but we are unable to disclose any confidential information at this time. We will reach out if the business becomes available again for purchase.

The company available for acquisition is a plumbing subcontractor for large commercial general contractors. With its primary focus on plumbing, the company has secured numerous contracts with well-known builders and developers, playing a crucial role in several major apartment and senior housing projects in the Baltimore and DC Metro markets.

Property Information

Real Estate:

Lease

Premises Details:

The business office is in a 5,100-square-foot office. The property may be purchased in conjunction with the business for $650,000.

The Buyer may also lease the property for $66,000/year NNN (triple net), payable monthly. The tenant pays the lease rate plus taxes, insurance, utilities, CAM, operating expenses, and maintenance expenses. This lease rate is included as an expense in the business financials.

Business Operation

Expansion Potential:

Exploring the residential plumbing service market presents a significant growth opportunity for the buyer.

Another growth opportunity is exploring relationships to assist general contractors in converting office buildings to residential housing. This trend emerged following changes in workplace dynamics following the pandemic.

Competition / Market:

Competition: 4 competitors routinely compete on projects.

Industry: The Plumbers industry in Maryland is expected to grow an annualized 0.4% to $4.0 billion over the five years to 2023, while the national industry will likely decline at -0.8% during the same period. Industry establishments decreased an annualized -0.5% to 2,435 locations. Industry employment has increased an annualized 0.2% to 14,691 workers, while industry wages have decreased an annualized -0.2% to $1.0 billion.

Over the five years to 2028, the industry is expected to decline an annualized 0% to $4.0 billion, while the national industry is expected to grow 1.6%. Industry establishments are forecast to grow 1.5% to 2,620 locations. Industry employment is expected to increase an annualized 0.4% to 14,971 workers, while industry wages are forecast to increase % to $1.0 billion. ~ IBISWorld Plumbers in Maryland Industry Report, October 2023

Reasons for selling:

Retirement.

Trading hours:

Monday-Friday 7am-5pm

Employees:
25 FT
Years established:
28

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Financing available:

Lender pre-screened with $320K down.

Furniture / Fixtures value:
$353,500 - included in the asking price
Relocatable:
This business can be relocated.