Asking Price: $390,000 Gross Revenue: $879,327Cash Flow: $284,865 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 included in asking priceFF&E: $20,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
19-year-old Company with steady growth and high-profit margin history.
Provides installation and maintenance of Plumbing and Boiler Heating Systems.
Serves Boulder and Surrounding Cities.
Plenty of expansion is available if Buyer can hire staff.
The company does NO advertising and marketing - most all sales are with highly recurring clients.
The company turns down work because of limited staffing.
About the Business
Number of Employees:
The business now operated from Sellers Home. Very little storage is needed. The home is also for sale and will consider a package deal.
The demand for plumbing and most other trades is very high in this area. The Boulder area is one of the highest income per capita towns in Colorado with a very high demand for remodels because home prices have escalated. Building restrictions limit new home subdivisions within the city limits. The company installs for new custom homes and high-end remodels. Because these are not tract homes, the business has more insulation against recession. The company can easily shift more work towards full service which is recession-proof.
Growth & Expansion:
The company is already very profitable, but can surely grow by just increasing staff. The business can add a full-service tech full time. If any marketing is provided, the company would be swamped with too much work to even bid.
Seller is moving into a different industry - will sign non-compete agreement.
Owner will train on office processes for 1-2 months and will be available to consult as needed. One of the employees qualifies for a Master's Plumber's License (which is required to obtain a Contractor's License - he is willing to work with new Owner.
Residential Plumbing Co - Recurring Clients - Priced at 1.7 x SDE
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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
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