Strong Profits for New England Plumbing & Heating! (38001)
Business Description
Established plumbing, heating and gas piping provider keeps Gross Profit Ratios above 45%! Serving Western Massachusetts over 3 decades!
Top markets as follows: 80% Residential work, 20% for Commercial projects such as hotels, restaurants, and dentistry.
Consistent high ratios can be attributed in part to a proprietary Flat Rate pricing system. Developed by the owner for the local market it has greatly improved profits for over 1,100 job tasks!
Historically reaching sales around $800K, the current owner has slowed things down leading Revenues for 2023 at $554,955 alongside Discretionary Earnings of $190,794, EBITDA of $119K.
Quick turnaround possible with low-capital investments.
Keeping a primary focus on maintenance services, potentials for growth exist in new construction projects along the region.
Advantageous proximity to Connecticut border can expand the service radius as repeat customers and loyal referrals maintain revenue streams.
As a home-based operation, there is a leased 1,500-square foot garage with 4-bays used to store equipment.
Family-friendly! This suburban area offers restaurants, cafes, recreation, many young professionals, and great public-school districts!
Seller agrees to a standard transition period as needed, continuing management role & duties throughout.
Launching a website presence with online engagements could also maximize clientele outreach.
Top markets as follows: 80% Residential work, 20% for Commercial projects such as hotels, restaurants, and dentistry.
Consistent high ratios can be attributed in part to a proprietary Flat Rate pricing system. Developed by the owner for the local market it has greatly improved profits for over 1,100 job tasks!
Historically reaching sales around $800K, the current owner has slowed things down leading Revenues for 2023 at $554,955 alongside Discretionary Earnings of $190,794, EBITDA of $119K.
Quick turnaround possible with low-capital investments.
Keeping a primary focus on maintenance services, potentials for growth exist in new construction projects along the region.
Advantageous proximity to Connecticut border can expand the service radius as repeat customers and loyal referrals maintain revenue streams.
As a home-based operation, there is a leased 1,500-square foot garage with 4-bays used to store equipment.
Family-friendly! This suburban area offers restaurants, cafes, recreation, many young professionals, and great public-school districts!
Seller agrees to a standard transition period as needed, continuing management role & duties throughout.
Launching a website presence with online engagements could also maximize clientele outreach.
About the Business
- Years in Operation
- 38
- Employees
- 2
- Currently Relocatable
- Yes
- Currently Home Based
- Yes
- Facilities & Assets
- Holds tenancy to a 4-bay garage for $4,800 monthly.
- Market Outlook / Competition
- Run Home-Based, business can be fully relocatable.
About the Sale
- Seller Motivation
- Approaching retirement.
- Transition Support
- Standard transitioning period of 6 months.
- Financing Options
- Standard SBA-term financing will be negotiable for qualified buyers.
Listing Info
- ID
- 2295521
- Listing Views
- 1265
Listing ID: 2295521 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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