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Plumbing & Hvac Business In New Orleans Metro For Sale

New Orleans Metro, Louisiana, US
Asking Price:
$900,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,041,637
Cash Flow:
$321,915

Duran Advisors presents this Plumbing and HVAC business for sale in the greater New Orleans area. The business currently provides plumbing services. The company has an array of equipment and a fleet of vehicles that will be included in the sale. It is fully set up to provide HVAC services as well as vehicles that have been specially outfitted for this purpose. The company boasts a turnkey system with a robust training program that will allow even a novice buyer to hit the ground running. 

This company would be an ideal strategic acquisition for an HVAC or other service company looking to buy its way into the plumbing market or home service market. This would also be a good fit for a construction company that is looking to diversify.

The owner is looking to sell so that he may focus on his larger businesses. The owner is the master plumber and all work directly falls under his license. The owner is willing to stay on as master plumber if necessary for a to-be-determined fee agreement. Thus, a new owner does not need to be a master plumber.

2022 Revenue: $4,906,604 Net Profit: $2,209,331 

2023 Revenue: $2,041,637 Net Profit: $321,915

This is a structured sale with the following schedule: 

4/23 Question Submission Deadline 

4/30 LOI Submission Deadline 

5/31 Due Diligence End & Close (time may be extended for financing) 

The space has been captured with a Matterport Virtual Reality 3-D scan. The VR scan is available to fully disclosed buyers for review. There is also a 50-page CIM available to disclosed buyers.

For more information, please contact the listing agent, Joel Duran, CM&AA, CM&AP, CEPA, CMSBB.

Property Information

Real Estate:

Lease

Lease Terms:

Month-to-month

Leasehold Rent:

$38,400 per annum

Location:

The seller believes the business could benefit by moving to a more centralized location; however, the current location is adequate.

Premises Details:

The facility is approximately 10,000 square feet which includes multiple office spaces and a warehouse. Sixty-five percent of the space is utilized; therefore, there is room for expansion.

Business Operation

Expansion Potential:

Plumbing services businesses that have developed brands in their local markets will continue to be aggressively sought by private equity looking to roll up the industry. In mid-2021, there were at least 25 roll-ups happening around the country.

Competition / Market:

Over the five years to 2027, the performance of the industry's two major downstream markets will likely shift. Mortgage rates are anticipated to climb as the economy stabilizes post-pandemic, resulting in slowed activity within the residential construction sector. Conversely, the value of nonresidential construction is expected to increase at a steady albeit slow rate due to the complete economic reopening and reduced unemployment. As a result, industry revenue is forecast to fall at an annualized rate of 0.6% to $125.1 billion over the five years to 2027. Conversely, industry profit is expected to grow during the outlook period as purchase costs decrease."

Reasons for selling:

The owner started a new business and needs time to focus on that business.

Trading hours:

The business is open 24/7 365 days a year.

Employees:
6
Years established:
7

Other Information

Support & training:

The business has an extensive training program that will bring even an inexperienced owner up to speed quickly. The current owner will stay on for 2 weeks full-time and then be available by telephone as necessary.

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

The owner is open to owner financing with a qualified buyer. The business is a good candidate for SBA financing.

Furniture / Fixtures value:
$550,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.