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Texas-based company that provides full-service general plumbing to commercial and residential customers in the Houston market.
2020 YTD(7/31): Revenue- $1,988,000 (EBITDA - $127,000)
· Highly reputable company operating for over three decades
· Adjusted EBITDA experienced a 94% compound annual growth rate from 2017 to 2019
· As of Q3 2020, 80% of total revenue is occupied by new construction for commercial customers
· Maintains a 90% retention rate year over year
· Long term key personnel with years of industry specific experience
· Capitalize on the growth of Houston population by expanding network of general contractors and segmenting the construction market
· Amplify service department by increasing advertising efforts and techniques
· Expand geographical presence into other metropolitan cities in Texas
· Develop exterior utility work and tankless water heater services to full capability
· Houston, Texas
· Commercial and residential customers in the Greater Houston area
· The company operates on two acres of iron-fenced property that is owned by a related party. The property includes a 2,750 square foot metal building and three trailer offices.
· The owner is approaching retirement age and would like to have a succession plan in place. He is willing to remain with the company as needed to ensure a smooth transition.
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