Plumbing and Heating Contractor for Sale
Plumbing and Heating Contractor for Sale
Price: $800,000
Location: Nassau County, NY
Industry: Utilities
Listing ID: RaptID5578
This is an exceptional opportunity to acquire a leading, profitable & long-established Plumbing & Heating contractor that has been servicing LI for many years. We are the exclusive agents for this family-owned company with an excellent reputation as a contractor that provides reliable, high quality plumbing and heating work. The firm is a full-service plumbing and heating company, specializing in boiler repair, backflow inspection, clogged drains, and radiant heat installations. The owner has experienced health issues and has reached retirement age.
Published industry reports show that plumbing contractors are eseential businesses and are expected to rebound strongly from this pandemic.
Over the years, the firm has done just about every plumbing & heating job possible, from replacing a faucet, remodeling a bathroom, installing a new heating system or providing plumbing & heating work for new home construction.
Total Sales: $1,150,000
Cash Flow: $240,000
FFE Included: Yes
FFE: $200,000
Reason For Sale:
Owner has reached retirement age & is experiencing health issues.
Training & Support:
Ownership will remain for sufficient period to assist in transitioning business to buyer.
Year Established: 1956
Employees: 7
Monthly Rent: $58,000
Type of Location: Leased
Square Footage: 1,500 sq.ft
Facilities Information:
The opportunity includes all of the equipment required to operate a plumbing & heating business, including four (4) fully equipped vans and a pick-up truck.
Historical Summary:
The professional staff is expected to remain with the company and is comprised of 9 techs and 2 book keepers.
The company has 12 vans & two (2) 3,000 gallon oil delivery trucks.
Based strictly on an evaluation of the combined operations (directly from IRS statements), it is anticipated that financing of at least $2.5MM can be arranged from conventional commercial lenders, to acquire the RE and business. Working Capital (W/C) of $250K to $300K should be sufficient to continue operations based on past performance.
Competition:
There are a number of local plumbing & heating contractors on Long Island.
Potential Growth:
Business has been operated by existing ownership team for many years and they are not aggressively pursuing new business. There is a growing market for renovation & contracting business on LI and it is anticipated that a more aggressive owner will have significant opportunity to grow the business.
Financing/Terms:
Seller will consider holding note for qualified buyer with substantial down payment.
For more information on this listing, please complete our Non-Disclosure Agreement
