Listing Number: 76931-308087
Description
This business is a growing plumbing company that services both commercial and residential markets inside the 610 loop of Houston. This company was founded in 2009 by a Responsible Master Plumber who grew up in the Houston area. He is the sole employee of the company and brings on 1099 employees to assist with larger jobs and to manage multiple projects going on at the same time. He currently has (3) full time 1099 employees working with the company. Two are plumber helpers and the third is the Manager/Apprentice of the organization. The seller bids and oversees all jobs of the company as the Responsible Master Plumber. Since initiation in 2009 his primary customers were residential clients but in 2015 he began bringing on Commercial clients as well. Today the approximate split is 60% residential and 40% commercial. This plumbing business focuses on whole house re-piping, water heater installation and flush outs, and general commercial and residential plumbing services (new construction and working with existing plumbing systems). Revenue grew 1.7x from 2021 to 2022 and 3.6x from 2022 to 2023. The seller expects to continue the aggressive growth in 2024.
Significant growth opportunities exist providing maintenance contracts to both residential and commercial clients, a key focus of the seller for 2024. This Business has tremendous growth potential with the adoption of additional contractors and marketing initiatives and expansion into new markets, services, and surrounding territories. This is a Perfect business for a strategic buyer currently in the plumbing industry segment looking to acquire additional market share or for a new / existing entrepreneur seeking a niche business with reoccurring revenue and scaling potential.
The owner is willing to stay on board after closing and take part in the future growth plans of the new organization.
Listing Details
- Price: $ 575,000
- Down Payment: $517,500
- Sellers Discretionary Earnings: $ 163,188
- Total Sales: $ 532,786
- Location: Harris County, Texas
- Inventory: $ 0
- FF&E: $ 45,500
- Employees: 4
- Year Established: 2009
- Reason for Selling: Explore new growth opportunities
- Category: Construction
