Profitable Plumbing Company For Sale in St Lucie County, FL
Business Description
High Volume Plumbing Company For Sale in St Lucie County, FL
Asking Price: $1,999,999
Annual Figures: 2024
Gross Sales: $2,874,106
Net Profit: $648,562
Expenses: 2024
Materials: $599.115
Salaries & Wages: $983,008
Business Highlights:
- Located in St Lucie County, FL
- Business opened in August of 2022
- Tons of great reviews
- Lease is a one year lease but can be renewed
- Business is located on a busy road
- Service area - Boca Raton to Melbourne
- 10 employees (All W-2's)
- Service mgr, office mgr, 2 office personnel, 5 guys in the field, 1 helper
- Service manager handles the sales
- 7 vehicles years 2015-2023 (4 of the vehicles are newer)
- 2 jetter machines and other equipment totaling $50,000
- About $20,000 in inventory
- 14,000 customers currently and have not been targeted for marketing
- 99% service work. No new construction jobs
- 99% residential work
- Tracking for around $2,500,000 in sales for 2025.
- Started memberships recently - about 50 memberships so far, renew every year, $10-$70 a month
- 8am - 6pm working hours, 7 days weeks, no emergency calls
- Business completes 330-400 jobs a month
- Types of jobs: Water heaters, leaks, re-pipes, toilets, cameras, water lines
- Jobs come from leads (e-local, result calls), referrals, Google, Facebook, fliers
- There is an outside qualifier that will continue to qualify the business for $1,500 a month.
- No one else in the company that has a master plumber license but several can go take the test because they already have the hours needed
- Reason for the sale: Owner is going to focus on his HVAC business
- Owner will transition for 2-3 months
- Owner does not work in the business
- Getting SBA approval but should be around $1,800,000
2024 Addbacks
Interest: $66,981
Depreciation: $15,316
Advertising: $200,000 (Established now. Still $350,000 available for marketing expense)
Financing Fees: $9,148
Husband Salary: $36,650
Wife's Salary: $66,600
= $394,695 Total Addbacks
Ordinary Business Income on 2024 Tax Return: $253,867
+ $394,695 (addbacks)
= $648,562 Adjusted Net Profit for 2024
2023 Addbacks
Depreciation: $152,614
Interest: $2,724
Owners Salary: $114,199
= $269,537 Total Addbacks
Net Profit on 2023 Tax Return: $49,764
+ $269,537 (addbacks)
= $319,301 Adjusted Net Profit for 2023
Asking Price: $1,999,999
Annual Figures: 2024
Gross Sales: $2,874,106
Net Profit: $648,562
Expenses: 2024
Materials: $599.115
Salaries & Wages: $983,008
Business Highlights:
- Located in St Lucie County, FL
- Business opened in August of 2022
- Tons of great reviews
- Lease is a one year lease but can be renewed
- Business is located on a busy road
- Service area - Boca Raton to Melbourne
- 10 employees (All W-2's)
- Service mgr, office mgr, 2 office personnel, 5 guys in the field, 1 helper
- Service manager handles the sales
- 7 vehicles years 2015-2023 (4 of the vehicles are newer)
- 2 jetter machines and other equipment totaling $50,000
- About $20,000 in inventory
- 14,000 customers currently and have not been targeted for marketing
- 99% service work. No new construction jobs
- 99% residential work
- Tracking for around $2,500,000 in sales for 2025.
- Started memberships recently - about 50 memberships so far, renew every year, $10-$70 a month
- 8am - 6pm working hours, 7 days weeks, no emergency calls
- Business completes 330-400 jobs a month
- Types of jobs: Water heaters, leaks, re-pipes, toilets, cameras, water lines
- Jobs come from leads (e-local, result calls), referrals, Google, Facebook, fliers
- There is an outside qualifier that will continue to qualify the business for $1,500 a month.
- No one else in the company that has a master plumber license but several can go take the test because they already have the hours needed
- Reason for the sale: Owner is going to focus on his HVAC business
- Owner will transition for 2-3 months
- Owner does not work in the business
- Getting SBA approval but should be around $1,800,000
2024 Addbacks
Interest: $66,981
Depreciation: $15,316
Advertising: $200,000 (Established now. Still $350,000 available for marketing expense)
Financing Fees: $9,148
Husband Salary: $36,650
Wife's Salary: $66,600
= $394,695 Total Addbacks
Ordinary Business Income on 2024 Tax Return: $253,867
+ $394,695 (addbacks)
= $648,562 Adjusted Net Profit for 2024
2023 Addbacks
Depreciation: $152,614
Interest: $2,724
Owners Salary: $114,199
= $269,537 Total Addbacks
Net Profit on 2023 Tax Return: $49,764
+ $269,537 (addbacks)
= $319,301 Adjusted Net Profit for 2023
About the Business
- Years in Operation
- 3
- Facilities & Assets
- They are signing a new lease at a new location in Port St Lucie so I do not have the address yet.
- 7 vehicles years 2015-2023 (4 of the vehicles are newer)
- 2 jetter machines and other equipment totaling $50,000
- About $20,000 in inventory - Market Outlook / Competition
- The phone rings constantly and they have a ton of good reviews.
- Opportunities for Growth
- Plenty of opportunity to get into commercial since they are mostly residential. The work is there just need to hire more techs.
About the Sale
- Seller Motivation
- Owner is going to focus more on his HVAC business
- Transition Support
- Owner will help transition for a few months.
- Financing Options
- Approved by SBA up to $1,800,000. Waiting to get the pre-approval
Listing Info
- ID
- 2427131
- Listing Views
- 21
Listing ID: 2427131 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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