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Established Plumbing Business in High Population Market! (17845)

Great service business in major metropolitan area! Stronger than normal earnings! This business is absolutely scalable! Located in Oklahoma, business specializes in residential plumbing repairs and installations of water heaters, commodes, sinks, and garbage disposals to customers in its surrounding area. With Residential (90%) and Commercial projects (10%), there is lots of potential to increase market outreach by adding new construction developments. Company enjoys high profit margins and income sustainability when compared to other industry standards. Thanks to years of local recognition within their metro area and top reviews, Revenues for 2021 reached $1,036,083 alongside Discretionary Earnings of $375,636 and EBITDA’s of $326,367. Besides maintaining a website, stable field publications, and social media engagement, promotion is effortlessly backed by a rotating client base through referrals created by superior services. Benefiting from strong relationships with suppliers and on-demand raw material sourcing that results in low inventory costs, listing’s focus on quality and reputation make it the ideal buy! Pricing is based on an independent evaluation! Operating out of a converted home-to-office facility and a large storage container used for tools and equipment, it is situated over one acre of land and can be relocated. The leased building is zoned for commercial usage and is found in excellent condition. With an option to purchase, the property can handle extra capacity for tactical expansions. Experienced personnel of seven nonunion employees are likely to remain post-sale and continue after a smooth transition period with owner-involved functions as assistive roles. Quality service businesses like this are moving quickly, so don’t waste time. This one is a winner!
Listed By: David Michaelson
Background information
Seller Number:
A17845
Year established:
2004
Reason selling:
Approaching retirement and/or pursuing other interests.
Finance
Sales:
$1,036,083
Profits:
$375,636
Profit type:
Discretionary Earnings
Operations
Employees:
7 nonunion.
Equipment:
$351,000
Inventory:
$5,000, varies by project.
Premises
Facility:
Leased.
Square footage:
N/A.
Location:
Property marketed at $325,000 is available for optional purchase outside of Asking Price.
Opportunities
Market:
Website, Social Media, Stable Field Publications, and Referral Sources.
Price and terms
Price:
$1,090,000
Financing:
Negotiable up to 20% for the right buyer.
Owner Transition:
Smooth period with owner-involved functions under assistive roles.