Established, Profitable Plumbing Contractor. SBA Financing Available.
This plumbing contractor was originally opened by the present owner in 1991. The firm provides plumbing, heating, fire sprinkler & back flow prevention services, to residential and commercial accounts, Ownership holds Master Plumber licenses with NYC and North Hempstead.
Previously, we had advised perspective buyers that a buyer with a North Hempstead Master Plumber's license was preferred. However, one of the employees is presently in the process of obtaining a North Hempstead Master Plumber's license. He is expected to remain on-staff and is expected to be open to participating with a new buyer on a case-by-case basis, depending on the suggested deal and personality fit with the buyer.
The seller is of retirement age and willing to accept a below market deal.
It is anticipated that an SBA qualified buyer could obtain funding of up to $1.6MM from an SBA lender. Obviously, they would prefer a buyer with plumbing experience.
The business provides well over 90% of its services within a 5-mile radius of the office, minimizing travel time for its crews. Ownership estimates that service represents 90% of the business and the balance is boiler installations and new construction
The company provides full-service plumbing repairs, alterations, and new construction. The firm is also recognized as an expert in hydronic and steam heating systems in residential and commercial buildings. The company has installed and serviced heating systems locally in properties ranging from 1,000 to 180,000 square feet.
The company also provides fire sprinkler service, repairs, alterations, and installation in Nassau County and performs fire sprinkler quarterly and annual inspections.
While fire sprinklers are presently a small part of the business, this service is highly profitable, and ownership believes has a high growth potential.
Alternatively to SBA financing, ownership is willing to provide attractive financing on a case-by-case basis to a qualified buyer at its sole discretion. An owner who is a licensed Master Plumber is willing to remain as an employee for several years to assure customer retention.
