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Plumbing and Heating Business

Plumbing and Heating Business
Listing:
1697
Price Reduced
Experienced Personnel Licensed to Install, Repair, and Service Plumbing and Heating
Middlesex County, MA
Revenue:
$1,051,000 (3-yr average)
Cash Flow:
$287,000 (3-yr average)
Asking Price:
$649,000
Asking price details:
+appx $20,000 of truck inventory /Includes 3 vehicles & equipment
Business Description:

This is a great opportunity to acquire a thriving plumbing & heating business. This business focuses on servicing residences and businesses with only 8% of revenues coming from work for a general contractor. The business has an active customer list with over 6,500 names. Specializing in hydronic heating, residential & commercial service, kitchen and bath remodeling and water filtration. The company employs 2 licensed plumbers and 2 apprentices who are qualified to do all types of plumbing, heating, and gas services. This is a long-established business that has built a solid reputation for reliability, quality repair, and excellent customer service. The owner has put a lot of time and dedication into the business for over 20 years, leading to name recognition and a repeat customer base. The company serves residential (67%) and commercial (25%) customers. Their flat rate billing system streamlines billing and increases income. The facility where the business is located is leased.

Revenues and cash flow are 3-year average.

Growth Expansion and Opportunities:

Increased marketing would grow revenues and income. Bringing in new tradespeople specializing in heating, ventilation, and air conditioning (HVAC) repair and installation will enable the business to offer new services and increase sales. Also, can expand on the drain cleaning aspect of the business.

Support & Training:

The seller will provide training and support to ensure a smooth transition

Employees:
6 FT/ 1 PT
Terms:
It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Broker:

Brian Labonte

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