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Listed by:

Neumann Associates

Highly Profitable Plumbing Contractor For Sale

Northern New Jersey, New Jersey, US
Asking Price:
$556,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$400,000
Cash Flow:
$188,000

This well-known Residential Plumbing Contractor provides plumbing and heating services to residential customers and condo complexes in multiple counties in the area.

The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 4.3x EBITDA (TTM). A full valuation report is included and there is $14,500 in Net Working Capital plus another $12,000 in Fixed Assets included in the deal. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain almost $100,000 benefit in after-acquisition-debt cash flow in Year #1 – over 88% return on equity investment.

(ALL DATA BASED ON SIGNED TAX RETURNS)

Property Information

Real Estate:

Lease

Premises Details:

The business currently operates from a conveniently located 1,700 sq. ft. leased shop.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

It is projected that a new owner will obtain significant additional growth by expanding the service opportunities by adding employees and equipment. A new owner can also expand into commercial work and work with contractors on major renovations.

Competition / Market:

The company enjoys a strong competitive advantage in the service area through its reputation and pricing for the services they provide. The Company has a solid client list and a new owner can accelerate growth by tapping other areas of service.

Reasons for selling:

Retirement (consulting available)

Employees:
1
Years established:
2000

Other Information

Support & training:

A comfortable transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a mid-term consulting agreement thereafter.

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

$111k Seller note plus $333k Bank financing subject to buyer qualification

Furniture / Fixtures value:
$12,000 - included in the asking price
Contact Broker

Listed by

Neumann Associates

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