Union Plumbing Contractor
| Asking Price: | $1,600,000 | Inventory: | $103,000 ++ |
| Gross Revenue: | $9,308,426 (comments below) | Real Estate: | $1,250,000 ** |
| Cash Flow: | $806,790 (comments below) | FF&E: | $599,488 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 P&L | |||
| Cash Flow Comments: 2008 P&L | |||
Take advantage of the billions of federal funds benefiting union contractors with this highly-regarded San Diego union plumbing contractor. Founded more than 30 years ago, this Company specializes in industrial, institutional and commercial plumbing (including mechanical and site work). The firm has a long and enviable track record working with the military, government and educational institutions, and is perfectly positioned to capitalize on the current stimulus spending initiatives. On track to meet the results obtained in 2008, this Company sparkles from top to bottom, and is ready for a smooth transition to new ownership. Offered for sale for the first time by its retiring owners.***Financial results shown are for 2008. 2009 results are expected to meet or exceed 2008. Transferring assets are an estimate of original cost from tax return depreciation schedule. Current value is different. SBE eligible.
About the Business
Year Established:1979
Employees:47 full time -
Facilities:Occupies a well-planned 7,980 square foot free-standing building in an attractive industrial park. Approximately 3,000 sq. ft. is office space, the balance is used for warehousing and assembly. Completely equipped from small tools to large heavy-duty vehicles, this Company’s infrastructure is complete. The building is available for lease or purchase to new ownership (financial results presented reflect a purchase with an SBA 504 loan, estimated value $1.2 million).
Market Outlook and Competition:This Company does no advertising, and doesn’t have to (the ad budget is zero). After years of providing high-quality contracting services, the firm simply chooses which of the offered bidding opportnities it will respond to and accept. Growth is limited only by new ownership’s willingness to take on additional work and new clients. Owner feels that advertising is a sure-fire way to increase sales.
About the Sale
Management Training and Support:Please call broker for details.
Reason For Selling:Owner is retiring.
Seller Financing:SBA eligible.
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