This plumbing repair and service business has a reputation for providing decades of trustworthy services to a well-established base of customers. Operating from a mid-sized town in central Texas and providing services to many surrounding areas, the business has been top ranked repeatedly. This provides a great opportunity for a new plumber to acquire an instant base of customers, or for a larger plumbing services company to expand into this area.
- Asking Price:
- $250,000 Furniture / Fixtures included
- Sales Revenue:
- $244,980
- Cash Flow:
- $94,370
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business operates out of a warehouse building owned by the Seller and available separately for purchase ($500,000) or for lease for $24,000/year NNN, payable monthly. This lease rate is included as an expense in the business financials to simulate the effect. Note: combined SDE if real estate is purchased is approximately $141,000 per year.
The property is on several acres, with a large office and warehouse building that is 5,000 square feet. Half of the space is leased to an unrelated tenant (approximately $23,000 per year of supplemental rental income).
The remaining space is occupied and operated by the business. The business space is 2,500 square feet, of which approximately 300 square feet is air-conditioned space that includes an office, small kitchen, and bathroom with shower. The remainder of the space operated by the business includes work areas with an air compressor and outlets located in multiple spots, as well as shelving, racks and bins for storage of inventory parts and supplies. There are large rolling doors on both sides of the building able to support several vehicles, and a 20' awning on the back side.
Business Operation
- Expansion Potential:
-
There are several opportunities for growth. The addition of marketing and advertising, particularly digital marking and SEO management, would help drive additional growth. Right now the demand exceeds capacity, so the addition of more staff and service vehicles would also help. Adding additional vehicles to serve more locations would also be an opportunity for growth.
- Competition / Market:
-
There are several plumbing businesses in the area, but very few with such an extended history of service with such a strong reputation. In this industry, a brand with reliability and established level of trust are key to success, as has been established by this business.
- Reasons for selling:
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The seller wishes to ease into retirement within a reasonable time frame.
- Trading hours:
-
Mon-Fri 7:30am-5pm; Sat 8am-12pm
- Employees:
- 1 FT/1 PT
- Years established:
- 63
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
Information on the licensing requirements to own, operate and provide plumbing services may be reviewed at the site for the Texas State Board of Plumbing Examiners, which includes an overview of the license types.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$200K down/$50K over 120 mos. @ 6%.
- Furniture / Fixtures value:
- $197,146 - included in the asking price
- Relocatable:
- This business can be relocated.
