Plumbing Business - SW Florida

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Amazing Growth, Loyal Employees and Fantastic Potential
Asking Price:
$3,250,000

Gross Revenue:
$5,562,262
Cash Flow:
$871,673
EBITDA:
$771,673
Inventory:
$90,000
included in asking price

FF&E:
$600,000
included in asking price

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Business Description

This is a very well-respected and renowned plumbing business with a fantastic reputation, providing residential install, new construction, remodeling and re-piping services to south west Florida for 40 years. Clients include custom homebuilders, local builders and commercial/retail customers. They hold a dominant position and very strong presence in their respective markets, however there are also many opportunities to develop the business statewide. A track record of very strong and sustained growth (six-year sales CAGR of 17.3%) with excellent historical financial records make this a solid and attractive investment to a savvy business investor-owner or existing plumbing business looking to consolidate, add value and grow further.

About the Business

Location:
Florida
Year Established:
1979
Number of Employees:
40+
Real Estate:
Leased
Building Sq. Ft.:
8,500
Rent:
$0.67 Per Month
Lease Expiration:
12/31/2023
Facilities:
Office, showroom/design center, warehouse and workshop space with secure parking for the company’s vans, trucks and other equipment.
Growth & Expansion:
New home sales are increasing at fastest pace since 2006, and re-modelling in the luxury real estate market is becoming more popular due to a lack of suitable inventory. The business is located close to a busy highway and is well-placed to exploit the expanding market in the area. Future infrastructure and economic development in SW Florida is strengthening, and the business model can be taken into neighboring territories to add expanding revenue streams.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
The owner will assist the buyer during a four-week transition after closing of the transaction to ensure continued success. The owner is also willing to discuss arrangements for a longer-term consultancy should the buyer require additional assistance. Key employee in place with plumbing license credentials.
Seller Financing:
Negotiable, to a qualified buyer

Listing Info

ID:
1589660
Ad Detail Views:
0

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Business Listed by

Ian Harding

Harding & Associates
License# BK3262969

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