Specialty Plumbing Contractor
Location: Illinois > Chicago land / South Suburbs
Industry: Building and Const. Services > Other Services
Financials
Gross Revenue: $999,000
Cash Flow: $352,000
Inventory: $600,000 (Included in Asking Price)
FF&E: $400,000 (Included in Asking Price)
Business Summary
The company has been established for over 50 years in the south suburbs, but this is definitely not your Dad’s plumbing contractor. The company operates from a new state-of-the-art facility and has a fully-computerized office system. The equipment is both extensive and modern. The office answers the phone and is available 24/7. The non-union technicians are courteous, clean and trained in professional work habits, client interaction and customer service.
Varied customer base includes residential, commercial and municipal plumbing clients. The company provides repair services, maintenance and replacement of plumbing systems, sewer cleaning and installation and water main service, repair and installation. Projects range from small residential jobs, such as basic plumbing installations, to repair and installation of infrastructure for surrounding towns, villages and cities.
The company specialty or niche within the market is its municipal work. This strategic shift in focus was made some years ago and the company has become known for its outstanding reputation and proven track record for providing on-demand 24/7 emergency municipal and residential contracting services. The company benefits from a high percentage of repeat sales in this market; municipalities, villages, etc. tend to use the same contractor on a repeat basis for routine work. In addition, the outsourcing of this type of work by municipalities is likely to continue as the high costs of labor, insurance and equipment upkeep make it prohibitive for municipalities to have an “in-house” department handling this kind of work.
The owner runs the business on an absentee basis and in fact, lives in another state. Management could stay as is or a new owner may wish to increase revenues by simply taking a more active role in sales and operations. The area served is exploding with growth for many diverse reasons and the Company is located in the heart of what will become the southern Chicago “hub” for the Midwest region.
Varied customer base includes residential, commercial and municipal plumbing clients. The company provides repair services, maintenance and replacement of plumbing systems, sewer cleaning and installation and water main service, repair and installation. Projects range from small residential jobs, such as basic plumbing installations, to repair and installation of infrastructure for surrounding towns, villages and cities.
The company specialty or niche within the market is its municipal work. This strategic shift in focus was made some years ago and the company has become known for its outstanding reputation and proven track record for providing on-demand 24/7 emergency municipal and residential contracting services. The company benefits from a high percentage of repeat sales in this market; municipalities, villages, etc. tend to use the same contractor on a repeat basis for routine work. In addition, the outsourcing of this type of work by municipalities is likely to continue as the high costs of labor, insurance and equipment upkeep make it prohibitive for municipalities to have an “in-house” department handling this kind of work.
The owner runs the business on an absentee basis and in fact, lives in another state. Management could stay as is or a new owner may wish to increase revenues by simply taking a more active role in sales and operations. The area served is exploding with growth for many diverse reasons and the Company is located in the heart of what will become the southern Chicago “hub” for the Midwest region.
About the Business
Year Established: 1950
Employees: 12 full time -
Facilities: 12,000 sq. feet total. Includes 10,000 sq. ft. warehouse, 2000 sq. ft. offices
Market Outlook and Competition: 2006 (9 months financials)
Sales: $931,263
EBITDA:456,290
About the Sale
Management Training and Support: Negotiable
Reason For Selling: Retirement
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