Established, Profitable Plumbing Contractor. Owner Financing
Established, Profitable Plumbing Contractor. Owner Financing
Price: $1,750,000
Location: Nassau County, NY
Industry: Utilities
Listing ID: Rapt5598
This plumbing contractor was originally opened by the present owner in 1991. The firm provides plumbing, heating, fire sprinkler & back flow prevention services, to residential and commercial accounts, One of the owners is a licensed Master Plumber with NYC and North Hempstead licenses.
The business provides well over 90% of its services within a 5-mile radius of the office, minimizing travel time for its crews. Ownership estimates that service represents 90% of the business and the balance is boiler installations and new construction.
The company provides full-service plumbing repairs, alterations, and new construction. The firm is also recognized as an expert in hydronic and steam heating systems in residential and commercial buildings. The company has installed and serviced heating systems locally in properties ranging from 1,000 to 180,000 square feet.
Total Sales: $2,530,000
Cash Flow: $565,000
FFE Included: Yes
FFE: $100,000
Reason For Sale:
Retirement/estate planning.
Training & Support:
As part of the purchase price the seller will provide 1 month of suport to transition the business. Additionally, he is willing to remain as an employee forup to 3 years to assure customer retention.
Year Established: 1991
Employees: 10
Monthly Rent: $7,500
Square Footage: 1500
Facilities Information:
Lease Expiration:12/31/2035
The company also provides fire sprinkler service, repairs, alterations, and installation in Nassau County and performs fire sprinkler quarterly and annual inspections.
While fire sprinklers are presently a small part of the business, this service is highly profitable, and ownership believes has a high growth potential.
Ownership is willing to provide attractive financing on a case-by-case basis to a qualified buyer at its sole discretion. An owner who is a licensed Master Plumber is willing to remain as an employee for several years to assure customer retention.
The business is located in a one story ~1,500 sq. ft building with a warehouse and office area. The building is owned by the seller, and he will provide a lease to a new buyer. The seller would also consider selling, or a lease clause offering the buyer the right of first refusal.
Potential Growth:
The seller presently focusus on servicing an area within a 5 mile radius of his office. There is room to expand, particularly into the NYC marketplace. Additionally, while fire sprinklers are presently a small part of the business, this service is highly profitable, and ownership believes this is a service with a high growth potential.
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