A Turn-Key & Highly Profitable Plumbing Business

Listing Number: 51951-848424

Description

Founded over 37 years ago, this widely recognized commercial plumbing business has developed a reputation throughout the industry for consistency, reliability, and quality. The business has had a solid record of growth over the last 37 years.
Throughout the decades, the company has completed projects for almost every kind of building in California and has done work in many different states. Currently, the company emphasizes commercial tenant improvements, renovation, remodeling, and new construction. The company primarily contracts with general contractors and focuses on large jobs. Some examples are major retail stores, high-end Hotels, high-rise office buildings, restaurants, federal government sites, colleges, banks, churches, schools, fitness centers, assisted living, and more.
Over the years, and through previous recessions, the company has maintained revenues by shifting its workforce to areas of demand. The owner reviews the bids and contracts and handles the payroll and invoicing.
The 2023 annualized revenue indicates about 6% growth from 2022 (a little over $1.9M through July 31, 2023). The Seller’s Discretionary Earnings (SDE) is already over $600K through July 31, 2023, compared with $605K in 2022. The company’s current WIP and backlog as of September 2023 is over $3M, with future potential contracts in negotiation for over $5M.
The company has eight employees, including two foremen.
The business would make an ideal acquisition target for an established business looking to expand its footprint in the stated markets. A C-36 plumbing contractor license is required to operate this business. The business is prequalified for an SBA loan.
For additional information, please contact Matt Manavi at [email protected] or call 714-923-1222 X1.

Listing Details

• Price: $ 2,039,988
• Down Payment: $250,000
• Sellers Discretionary Earnings: $ 605,000
• Total Sales: $ 3,066,000
• Location: Los Angeles County, California


• Inventory: $ 72,000
• FF&E: $ 218,000
• Employees: 8
• Reason for Selling: Retirement
• Category: Construction