60yr established NYC union plumbing company
Business Description
This 60-year-old union plumbing company in NYC is for sale with an asking price of $1,375,000. It generates $3.4 million in annual gross revenue and $500,000 in net revenue after expenses. The owner's compensation is $690,000.
The business offers:
Strong Reputation: Trusted for residential, commercial, and municipal clients across NYC, with a focus on union-certified quality and safety.
Turnkey Operation: Fully staffed with experienced, licensed union plumbers, supervisors, and office personnel.
Solid Financials and Contracts: Consistent revenue with active contracts in government, healthcare, and large-scale residential developments.
Strong Industry Relationships: Connections with general contractors, developers, and the Local 1 Plumbers Union, providing access to work and priority bidding.
Fully Equipped: Includes a modern fleet of service vehicles, high-quality tools, and integrated scheduling and invoicing software.
The business can be purchased with a negotiable lease option or with the property as a separate transaction.
The business offers:
Strong Reputation: Trusted for residential, commercial, and municipal clients across NYC, with a focus on union-certified quality and safety.
Turnkey Operation: Fully staffed with experienced, licensed union plumbers, supervisors, and office personnel.
Solid Financials and Contracts: Consistent revenue with active contracts in government, healthcare, and large-scale residential developments.
Strong Industry Relationships: Connections with general contractors, developers, and the Local 1 Plumbers Union, providing access to work and priority bidding.
Fully Equipped: Includes a modern fleet of service vehicles, high-quality tools, and integrated scheduling and invoicing software.
The business can be purchased with a negotiable lease option or with the property as a separate transaction.
About the Business
- Years in Operation
- 64
- Employees
- 7 (7 Full-time)
- Facilities & Assets
- Company vehicles and tools. Contact for details.
- Market Outlook / Competition
- Business must be 51% owned by a Master Plumber so competition is low.
- Opportunities for Growth
- Hire more licensed plumbers/journeymen and bid on more Union jobs.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 8,800
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- Master plumber will stay on for several months during transition period.
- Financing Options
- None
Listing Info
- ID
- 2369503
- Listing Views
Listing ID: 2369503 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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