Residential Plumbing Co - Recurring Clients - Priced at 1.7 x SDE

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Asking Price:
$390,000

Gross Revenue:
$879,327
Cash Flow:
$284,865
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$20,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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

Location:
Boulder, Colorado
Year Established:
2000
Number of Employees:
3
Home Based:
Yes
Facilities:
The business now operated from Sellers Home.
Very little storage is needed.
The home is also for sale and will consider a package deal.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Seller is moving into a different industry - will sign non-compete agreement.
Training/Support:
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.
Seller Financing:
Will consider WAC of Buyer

Listing Info

ID:
1605369
Ad Detail Views:
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Business Listed by

Bill Scott

Front Range Business, Inc.
License# FA.100049495

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Sponsoring Broker:

Paul W. Chambliss CBI
Front Range Business, Inc.
License# EA.001316072

U.S. Census Data for Boulder County, CO
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Boulder County, CO
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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