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Listed by:

The Firm

Established Plumbing And Piping Company For Sale

Livonia, Michigan, US
Asking Price:
$1,250,000 Furniture / Fixtures included
Sales Revenue:
$2,167,310
Cash Flow:
$226,131

This plumbing and piping company has a client base made
up of 80% repeat customers! Based in Michigan, this
business is well established with an excellent local
reputation. Services offered include plumbing (which makes
up 75% of service base) and pipe-fitting (25% of service
area). This business comes with a well-established team of
11 including 7 FT field technicians, 2 PT estimators, 1 PT
bookkeeper, and 1 PT administrative worker. Current
ownership works full time overseeing estimates and visiting
job sites weekly. They have offered a transition period of up
to 3 years to ensure a smooth transition and to provide all
information and skills needed for new ownership to enjoy
further growth. A main reason for the success this business
is enjoying is their extreme focus on customer service,
especially the quality and timeliness of jobs.

Situated in a growing industry in a strong location, clear
growth opportunities present new ownership a route to
great rewards in the face of growing competition. Outside of
receiving work from both open and closed bids, the current
owner’s only effort put towards recruiting new clients is cold
calls when they have time, and a marketing campaign can
elevate this business to an even larger client base. With
their high rate of return clients, this additional marketing or
advertising campaign could result in ongoing dividends of
returning clients for years to come. A well-planned hiring
campaign to bring in more laborers offers another path to
growth. The team works out of 5,000 sq. ft. building with
3,500 sq. ft. dedicated to the shop, and 1,500 sq. ft. to the
office. There is plenty of room to expand operations and
bring in more laborers.

Priced at $1,250,000, a 12.5% down payment of $156,250
returns $164,706 in the first year after debt payments! This
established and profitable plumbing service business is
ready for new ownership to enjoy currently established
partnerships and continue to create new ones.

Property Information

Real Estate:

Lease

Lease Terms:

$2,250, month to month lease. 5,000 sq ft, 3,500 shop, 1,500 office.

Leasehold Rent:

$2,250 per annum

Premises Details:

$2,250, month to month lease. 5,000 sq ft, 3,500 shop, 1,500 office.

Business Operation

Expansion Potential:

Increase marketing and advertising presence. Hiring campaign to bring in more laborers.

Reasons for selling:

Seeking to sell to strategic new owner who will grow the business and overcome competition.

Employees:
4 PT and 7 FT. All FT employees are field technicians. 2 estimators, a bookkeeper and an admin.
Years established:
2006

Other Information

Support & training:

2-3 years

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

12.5% Buyer Down Payment $156,250
12.5% Seller Financing or Equity $156,250
75% Bank Loan $937,500

Furniture / Fixtures value:
$340,588 - included in the asking price
Related Documents:

Contact The Firm

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