LISTING ID # 36035
This unique venture, established 38 years ago, stands out due to its distinctive business model and the owner's unwavering passion for the industry. Despite being on the brink of retirement, the owner has expertly managed the business with minimal hands-on involvement for over two decades. With a sterling reputation in the community, spanning from straightforward residential projects to large-scale construction and commercial endeavors, this business holds a special place in the heart of its niche. The owner's commitment is reflected in the 38-year-old phone number associated with the business, a testament to the enduring legacy. What sets this opportunity apart is not just the impressive clientele and successful projects but also the owner's dedication to maintaining a high-quality workforce. With 17 years of loyal 1099 contractors, capable of procuring up to 20 independent contractors for these projects, this business can seamlessly operate remotely.
The owner's recent strategic decision to decline certain bid opportunities, coupled with the potential for the new owner to take on additional projects, underscores the adaptability and scalability of this enterprise. Furthermore, the owner is committed to ensuring a smooth transition of ownership by staying on as a consultant for a few hours each week. Operating at a remarkable 45% net profit, with no debt or liens, and a credit line exceeding $700,000, this business epitomizes financial stability. The meticulous financial management, which includes paying for everything in cash and having a modest $500 monthly rent for storage, underscores the owner's business acumen. Currently structured as a sole proprietorship, the business is open to due diligence inquiries regarding its financials. For the qualified buyer who shares a passion for this niche and possesses the necessary qualifications, owner financing is a possibility. This is a one-of-a-kind opportunity to step into a well-established, remotely run plumbing contracting business with a rich history, an impeccable reputation, and the potential for further growth. Act swiftly – opportunities like these are truly unparalleled in the market. Please call Dan Gundrum for more information.
