Commercial & Residential Plumbing Contractor
BUSINESS ACTIVITY: This opportunity is a plumbing contractor that offers design-build, consulting and project management for commercial new construction, remodeling and residential remodeling and service calls for commercial and residential customers.
The Company concentrates on job sizes from $50,000 to $100,000 but has completed several projects over $750,000.
HISTORY: The original owners started the Company in 1977 as a husband and wife team.The Owners were able to grow the business and become successful servicing the residential and commercial customer.In 2010 one of the shareholders had a medical issue and was forced into retirement. Shortly after, the other shareholder let the industry know that he was selling the company.
In late 2011, the current Owners learned about the opportunity and ultimately made a deal.The first year was chaotic with the building of the infrastructure of the business from the ground up with sales exploding.
The efforts of both partners aided in growing the Company’s sales volume by one million dollars the first year of ownership.The second year the Company grew by another million dollars and in 2016 the Company had their best year ever.
The foundation of this opportunity has been set.The customer understands that when they call the Company they are getting a fair price, great service and a commitment to complete the project on time.
The Owners are proud of what they have built.They have laid a strong foundation for a new owner to build upon.With a strong industry outlook this Company is poised for strong growth.
SALES AND EBITDA CASH FLOW:
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FY 2016 ACT
FY 2015 ACT.
FY 2014 ACT.
FY 2013 ACT.
MARKETING STRATEGY:The Company has no current marketing strategy in place.The Company has relied on their reputation, repeat contractor business and word of mouth to grow the sales.The outlook in the industry is strong. A new Owner with more energy could increase the employee base and bid more projects to grow the business.
DAYS AND HOURS:Monday through Friday hours are 7:00am to 5:00 pm.
EMPLOYEES:There are currently 7 full time office staff and 21 journeymen and apprentices employed by the Company, not including the Owners.
FACILITIES: The business is located in a commercially zoned area, locating in Washington County.The Company leases ¾ of an acre with the current rent of $3,000 per month.
REASON FOR SALE: The Owners would like to secure their retirement and continue to work for the buyer for at least one to five years.