Listing Number: 0101-278594
Description
Well known SE Florida general plumbing contractor with a focus on medium and large commercial and residential building projects. Change in professional direction requires a sale of this business which is a perfect add on for an existing plumbing company or an ideal platform to enter this trade. Employs a staff of 20 including the G.M. whose main role is estimator. Owner works remote, part-time and mostly in a financial role. Income of $1.497MM and NOI of $465K is through 10-30-23 and includes G.M.’s salary of $138K. No other “adjustments” to financials have been made. Seller will qualify Buyer’s license at Seller’s discretion at $500.00/week as needed. This sale INCLUDES approx. $790K in current A/R, Buyer to ASSUME approx. $180K in local trade debt. All tools, equipment and a service van are included. Pipeline of scheduled commercial construction work through 2024 is approximately $3-$4.0MM. Seller’s G.M will stay on and transition up to 6 months post sale at agreed terms. This is a union shop and a home based business. Ideal Buyer has direct industry experience.
Listing Details
- Price: $ 325,000
- Down Payment: $325,000
- Sellers Discretionary Earnings: $ 465,074
- Total Sales: $ 1,497,095
- Location: Broward County, Florida
- Inventory: $ 0
- FF&E: $ 40,000
- Employees: 20
- Year Established: 2022
- Reason for Selling: Focus on other non-related professional activities
- Category: Construction
