Reputable plumbing business with years of experience in both new construction and service work. Recently streamlined staff and is implementing a bar-coded inventory system for better organization. Past issues with misquoted COGS have been resolved, significantly reducing costs. The office, conveniently located off the main highway, includes two organized storage containers. While the business operates within a tight geographic area, there's potential for expansion. Training and consulting services can be negotiated in the sale, offering a solid opportunity for growth. The company employs one journeyman employee who has an apprentice. Very reliable journeyman who enjoys working and training apprentice. There is also an opening for a full-time service plumber, which owners feels will be filled shortly. Seller will stay on and help introduce buyer to key contacts, and seller's brother who is also a journeyman could help in transition as well. Currently, the business is booked 10-weeks out. 2023 had great financial performance. One key to 2023's success was the addition of a new office manager. Office manager re-negotiated numerous contracts including insurance to reduce some of the fixed costs. Also, and audit was done and it was discovered some incorrect COGS which the office manager corrected making the business more profitable.
- Asking Price:
- $549,000
- Sales Revenue:
- $1,109,986
- Cash Flow:
- $322,000
Property Information
- Location:
-
Very clean 2000 office space, 2 storage containers, and crushed rock driveway.
- Premises Details:
-
Family of plumbers with excellent reputation in the area. It is time to retire after successfully running this business for 20+ years.
Business Operation
- Reasons for selling:
-
retirement
- Employees:
- 3
Other Information
- Support & training:
-
2 weeks
- Furniture / Fixtures value:
- $150,000
- Inventory / Stock value:
- $125,000