Calling all Union Plumbers in the Chicago area seeking to enhance their footprint in the irrigation space! This consistently profitable underground irrigation company has served the Northern Illinois market for more than 100 years!, Specializing in commercial systems for businesses, this business boasts a robust client base, consistent revenue growth and a sterling reputation. Owner is willing to stay on to train and transition business to the next owner. Seize the opportunity to own a well-established and highly reputable irrigation business with a strong foothold in the market. Key Features include: established clientele, comprehensive services, experienced team, prime Location (easy on and off highway) and modern equipment and vehicles. Assets Included: Vehicles, machinery, tools, and inventory. Expansion opportunities exist with additional service areas, adding new services such as water management consulting, and targeting large-scale commercial contracts. Owner is seeking to retire and is motivated to find the right buyer who can continue the legacy and drive the business forward. Call us today to learn more! PLEASE NOTE: A PLUMBER'S LICENSE IS NEEDED TO RUN THIS BUSINESS! There are specific ways to keep the current plumbing license on file, but the strategic buyer for this business has access to a licensed plumber who will join the team after purchase
- Asking Price:
- $575,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,380,000
- Cash Flow:
- $202,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly Rent: $3,700.00
Square Units (Foot, Meter): 6,000
- Location:
-
Facilities: Two free standing buildings right off of a high way.
- Premises Details:
-
FF&E Overview: Trucks, tools computers, large plotting machine for blueprints.
FF&E General Condition: Good!
Business Operation
- Expansion Potential:
-
Expansion opportunities exist with additional service areas, adding new services such as water management consulting, and targeting large-scale commercial contracts. With the 85% commercial and 15% residential split, there is certainly more room for residential services.
- Competition / Market:
-
The longevity of this company provides a strong foothold in the marketplace even with large commercial accounts in many Chicagoland areas including high rises! There are only four major competitors that are competing in their specific client base segments.
- Reasons for selling:
-
Retiring
- Trading hours:
-
9-5
- Employees:
- 13
- Years established:
- 1917
Other Information
- Support & training:
-
Training Support Included
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $40,000 - included in the asking price
