Compare Listings

Description

Connect with Plumbing/Civil Public Works Company
Riverside, CA – (Riverside County)

  • Asking Price: $759,000
  • Cash Flow: $190,000
  • Gross Revenue: $3,300,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $10,000
  • Established: 2010

Business Description

Connect with Plumbing/Civil Public Works Company – Nearly 90, primarily public and federal plumbing and civil projects, including the installation of plumbing and underground wet utilities for no less than 40 schools, 3 libraries, 3 fire stations, 3 airport and aviation projects and numerous military jobs have been successful completed; earning the Company a reputation for being dependable, honest and for working with skilled craftsmen. Regardless of a project’s size, experienced professionals work with primary contractors to plan, design, construct, and maintain project’s piping and plumbing components, and keep all on time and on budget.

The Company’s record of excellence starts with a commitment from the CEO who chooses, directors and mentors each and every employee, no matter their role. Working with Plumbers Union local 364, Operators Union, local 12, and Insulator’s Union local 5, the core team has been chosen for each’s extensive experience and backgrounds, with ongoing training to set them apart. The Company thrives on continuing training, obtaining new certifications and attending seminars to make sure every member of the team is familiar with changing industry standards and innovations.

The Company deals primarily with eight long-time and known suppliers. A list of names and contacts will be available to a Buyer during due diligence. Supplier contracts with are only written to secure special-order items. All other supplies are ordered per the contract and timeline established.

NDA required for release of detailed CIM. ProNova representatives respond timely to all inquiries. We look forward to supporting your business endeavors and being a part of your success.

Detailed Information

  • Inventory: Included in asking price
  • Employees: 25
  • Facilities: 1,600 square-feet of workspace is a combination of office and warehouse space that features three offices, six workstations with good parking and easy access; rents for $1,800 per month.
  • Competition: Being pre-approved to bid on projects; civil, federal and military has provided an advantage over lesser-known competitors and those without the resources to qualify. Additionally, the Company is one of the few MEP contractors qualified to bid on San Diego and Los Angeles Unified School District projects.
  • Growth & Expansion: With its central location, the Company can take on jobs all over Southern California. But being mindful of growth opportunities in Riverside County should provide plentiful projects to bid on up to and beyond 2020.
  • Support & Training: Sellers will provide training for up to eight weeks and for 20 hours per week or as negotiated to ensure a smooth transition.
  • Reason for Selling: Retirement

Sales and Marketing

The Company’s many successes over the years have enabled Pipe Constructors to become a prequalified bidder and are now found on many industry-approved MEP lists. This means contactors send the company invites to bid on upcoming projects rather than the Company seeking and chasing down opportunities.

Prequalification is achieved by filling out a qualification packet for each district and public entity. Business must not have been kicked off any other jobs of this kind, show the ability and means to bond projects and show evidence of previous bonded projects. Packages are also subject to approval of financials, usually sent in coordination with a CPA; being able to show the Company has funds has successfully completed jobs and evidence that you can again. Although there are no costs to submit a prequalification package for review, some applications are quite extensive and it may be more efficient to pay a professional to fill out the information.

Pipe Constructors also worked with numerous general contractors on a multiple project having developed relationships based on the quality of the work provided and their ability to complete projects on time and on budget.

This leaves the Company in the enviable position of having to spend very little money or implement marketing campaigns to bring in new business.

Industry Trends and Market

Thanks to Riverside County voters approving the following bond measures this past November, there are new opportunities that could translate into greater success.

Measure CC; Bond funds will be used for facility upgrades within San Bernardino Community College District.

Measure E; Bond funds will be used to modernize outdated classrooms, restrooms and school facilities; make health, safety, and security improvements; and construct a new barn/agricultural rehabilitation center for the Palo Verde Unified School District

Measure W; Bond funds will be used to construct a high school for the City of Menifee, adding classrooms at high schools serving Perris, Romoland, and Nuevo, and construct classrooms, labs, and facilities for the greater Perris Union High School District.

Measure X; Bond funds will be used to increase classrooms/labs; repair deteriorating plumbing, roofs, electrical systems; and to remove asbestos/lead paint and make other improvements for Hemet Unified School District.

Bright Outlook!

  • The company is currently bidding on projects and attempting to secure contracts through 2020.
  • To ensure that long-range goals are reached the Seller’s recommend that a Buyer actively pursues projects and submits bids on a regular basis.
  • Leasing heavy equipment like backhoes, excavators that are delivered to the job sites can be expensive. A Buyer may look into intermittently purchasing some of the most used equipment to offset lease fees.
  • Emerging technologies should be investigated to see if there are ways to more efficiently clock time, keep workers safe, reduce insurance costs and improve overall efficiency at job sites.

ProNova Partners Buyer Profile & NDA

***RED STARS ARE REQUIRED FIELDS*** This information is required and must be filled in completely before the Seller will release any vital information, including business address, financial due diligence package on file, and other sensitive confidential information. It will also be used by ProNova Partners to match your buyer profile with future similar engagements our firm has for sale. * Required






BUYER’S ACKNOWLEDGEMENT OF INTRODUCTION AND CONFIDENTIALITY AGREEMENT:

The undersigned, individually and on behalf of any partnership, corporation, company, individual, group of individuals, or other entity of any nature, type, or form for which the undersigned is acting or which the undersigned represents or is engaged or employed by (collectively, “Buyer”), acknowledges that ProNova Partners, the DBA of Ace Business Brokers, Inc. (CA DRE #01869984) and agents working for ProNova Partners (hereinafter, “Broker”) first introduced Buyer to, and provided Buyer with Confidential Information about the following business identified herein on this website (“Business”). Buyer further acknowledges that the Confidential Information, as defined herein, is valuable and proprietary to the Business, and that the Business and its owners (hereinafter, collectively, “Seller”) therefore desire to maintain complete confidentiality of all information disclosed to Buyer. Buyer further expressly acknowledges that such Confidential Information shall be provided to Buyer for the sole purpose of evaluating the possible purchase by Buyer of all or part of the stock or assets of the Business. In consideration of the acknowledgements and covenants of Buyer contained herein, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Buyer, Buyer agrees as follows:

1. DEFINITION OF “CONFIDENTIAL INFORMATION”:

The term “Confidential Information” shall mean any and all information communicated, furnished, or disclosed, in whatever form, fashion, or medium, to Buyer regarding or related in any way or fashion to the Seller or to the Business which is proprietary and confidential to Seller, including without limitation the fact that the Business is for sale; all financial, database, production, marketing, scientific, statistical, research, operational, technical, and pricing information; business knowledge and know-how; business methods; business procedures, processes, and techniques; business manuals; manufacturing processes, procedures, and techniques; ideas; discoveries; inventions; developments; correspondence; records; data; databases; contracts; contract terms; vendor information; contractor information; customer lists; employee lists; and any other information made known to Buyer: (a) from any inspection, examination, or other review of the books, records, assets, liabilities, processes, or production methods of Seller; (b) from any communication with Seller or Seller’s broker, directors, officers, employees, contractors, agents, suppliers, vendors, customers or representatives; (c) during any and all visits to Seller’s premises; or (d) through disclosure or discovery in any other manner. Confidential Information shall also mean and include any information, data, or documents prepared by Buyer that incorporate, are based upon or arise from or as a result of any Confidential Information. Confidential Information shall not include information that, (a) is or becomes generally available to the public, (b) was known to Buyer on a nonconfidential basis prior to its disclosure to Buyer by the Seller or Seller’s Representatives, or (c) is independently developed by Buyer or its Representatives without the use of or reference to any Confidential Information.

2. NON-DISCLOSURE OF INFORMATION:

Buyer shall use the Confidential Information only for the sole purpose of evaluating the possible purchase by Buyer of all or part of the stock or assets of Seller, and shall not make use of the Confidential Information, in whole or in part, for any other purpose whatsoever. Buyer further agrees to keep confidential all of the Confidential Information and to take all reasonable steps to preserve the confidential and proprietary nature of such Confidential Information. Buyer acknowledges and agrees that all Confidential Information furnished hereunder shall be and remain the property of Seller. Buyer further agrees not to disclose or permit access to any Confidential Information, without Seller’s prior written consent, to anyone other than Buyer’s legal counsel, accountants, lenders, or other agents or advisors (“Buyer Consultants”) to whom disclosure or access is necessary for Buyer to evaluate the Business. Disclosure of the Confidential Information shall be made to such Buyer Consultants only for the sole purpose of evaluating the possible purchase by Buyer of all or part of the stock or assets of Seller, and Buyer represents and warrants that each such Buyer Consultant has agreed, prior to its receipt of Confidential Information, to abide and be bound fully by all terms and conditions of this Agreement to the same extent as Buyer so agrees and is bound. Neither Buyer nor Buyer Consultants shall use or permit the use of Confidential Information in any manner whatsoever, except as may be required for Buyer to evaluate its potential acquisition of the Business or as may be required by legal process. Buyer expressly agrees Buyer shall be responsible for any breach of this Agreement by Buyer Consultants, or by any of its or Buyer Consultants’ officers, directors, employees, advisors, agents, and representatives, and any of the above. If the Buyer does not purchase the Business, Buyer shall, at Seller’s sole direction, either destroy or return to Broker all information provided to Buyer, including without limitation Confidential Information, and Buyer shall not retain any copy, reproduction, or record thereof.

3. BUYER’S RESPONSIBILITY AND DISCLAIMER OF BROKER’S LIABILITY:

Broker has received information about the Business from the Seller, which information may include, but is not limited to, tax returns, financial statements, equipment lists, and facility leases. Based on information provided by Seller, Broker often prepares a summary description of the Business, which may include a cash flow projection, an adjusted income statement, or a seller discretionary cash flow statement. Buyer understands that Broker does not audit or verify any information given to Broker, nor does Broker make any representation or warranty, express or implied, as to the accuracy, completeness, or fitness for a particular purpose of the information, including without limitation the Confidential Information, of Seller. Broker does not in any way guarantee future business performance of the Seller or of the Business. Buyer is solely responsible to examine and investigate the Business, its assets, liabilities, financial statements, tax returns, and any other information and facts which might influence Buyer’s purchase decision or the price Buyer is willing to pay. Any decision by Buyer to purchase the Business shall be based solely on Buyer’s own investigation and that of Buyer’s Buyer Consultants, and not upon any information or investigation (if any) provided by Broker. Any costs, fees, and expenses incurred from consultations with advisors including but not limited to Buyer Consultants shall be at the sole expense of Buyer and Buyer’s exclusive responsibility to pay. Broker shall not have any liability or responsibility to Buyer and its officers, directors, employees, advisors, agents, and representatives, or to Buyer Consultants and their officers, directors, employees, advisors, agents, and representatives, or any of them, arising from, regarding, or related in any fashion to the use of any Confidential Information furnished to Buyer hereunder. Buyer, on behalf of itself and its officers, directors, employees, advisors, agents, and representatives, as well as on behalf of Buyer Consultants and their officers, directors, employees, advisors, agents, and representatives, or any of them, expressly disclaims, releases, and holds Broker harmless from and against any and all liability that does or may arise from or relate to (a) the use of the Confidential Information, (b) any errors therein or omissions therefrom.

4. NON-CIRCUMVENTION AGREEMENT:

The Seller has entered into an agreement providing that Seller shall pay a fee to the listing broker if, during the term of such agreement and up to twenty-four (24) months thereafter, the Business is transferred to a buyer introduced by the listing broker or a cooperating broker. Buyer shall conduct all inquiries into and discussions about the Business and Seller solely through Broker and shall not directly contact the Seller or any of the Seller’s representatives. Should Buyer purchase all or part of the stock or assets of Business, acquire any interest in Business or Seller, execute any lease at the Business premises, or become affiliated in any capacity with Business or Seller without Broker’s participation, or in any way interfere with Brokers’ right to a fee, Buyer shall be liable to the listing broker and the cooperating broker for such fee and any other damages including without limitation reasonable attorney’s fees, costs, and Broker’s expenses of collection.

5. DISCLOSURE REQUIRED BY LAW:

If Buyer or any of its agents or representatives is required by subpoena or other court order to disclose any Confidential Information, Buyer shall provide notice of such subpoena or order to Seller within seven (7) business days of Buyer’s receipt of same, and Buyer shall use reasonable best efforts to resist disclosure of any Confidential Information until an appropriate protective order may be sought, or a waiver of compliance with the provisions of this Agreement is granted in writing by Buyer. If, in the absence of a protective order or Buyer’s receipt of a written waiver of compliance, Buyer or any of its representatives is nonetheless in the written opinion of Buyer’s legal counsel legally required to disclose Confidential Information, then in such event Buyer may disclose such information, provided that (a) Seller is given a reasonable opportunity in advance of such disclosure to review the text and substance of such disclosure before it is made, and (b) said disclosure is limited solely to the Confidential Information specifically required to be disclosed.

6. REMEDIES AND INDEMNIFICATION:

Buyer expressly acknowledges that monetary damages would not be a sufficient remedy upon Buyer’s breach of the provisions of this Agreement, and Buyer further acknowledges that Seller and/or Broker shall be entitled to equitable relief, including without limitation injunctive relief and specific performance, in addition to all other remedies available at law or in equity. Buyer agrees to indemnify, defend, and hold harmless Broker from and against any and all losses, damages, liability, costs, fees, and expenses, including without limitation attorney’s fees, that Broker may sustain or incur as a result of Buyer’s breach of this Agreement.

7. FURTHER TERMS:

This Agreement is not, and will not be construed as, any form of a letter of intent or agreement between Buyer and Seller, or between Buyer and the Business, to enter into any type of transaction. This Agreement reflects solely Buyer’s agreement to maintain the confidentiality of the Confidential Information Buyer receives hereunder. This Agreement does not and shall not constitute any commitment or obligation on the part of Buyer, on the one hand, and Seller or Business, on the other hand, to enter into any transaction or contractual arrangement of any form, type, or nature whatsoever. Neither Buyer nor its agents or representatives will contact Seller’s employees, customers, landlords, or suppliers, nor linger or otherwise observe the Business, without Seller’s written consent. Throughout the term of this Agreement and for three (3) years thereafter, Buyer shall not directly solicit for employment any employees of Seller. However, Buyer shall not be prohibited from making general solicitations for employment not directed at the Business, nor from hiring any employee that responds to such general solicitations. Broker may act as a dual agent representing both Buyer and Seller. Seller and Seller’s successors are specifically intended to be third-party beneficiaries of the duties and obligations of this Agreement and may prosecute any action at law or in equity necessary to enforce this Agreement’s terms and conditions as though Seller were a party hereto. This Agreement can only be modified, amended, or supplemented in writing, signed by both Broker and Buyer and stating that it is a modification, amendment, or supplement to this Agreement. Waiver of any breach of this Agreement shall not be a waiver of any subsequent breach. This Agreement supersedes all prior and contemporaneous agreements and understandings between the Buyer and Broker with respect to the subject matter herein. If any term or provision of this Agreement shall be deemed by any court decision to be invalid or unenforceable, the remaining terms and provisions of this Agreement shall remain and continue in full force and effect. This Agreement shall be construed under and governed by the laws of the State of Delaware, without regard to conflict of law principles. Buyer and Broker hereby irrevocably consent and voluntarily submit to jurisdiction and venue in the state and federal courts located in Orange County, California as related to any action instituted to enforce any terms of this Agreement. This Agreement may be signed in counterparts; faxed and electronic form signatures may be considered as originals. If Buyer is a corporation, partnership, company, or other such entity, the undersigned executes this Agreement on behalf of Buyer and warrants that he/she is duly authorized to do so and has the actual authority and power to bind the corporation, partnership, company or other such entity to this Agreement. Buyer acknowledges receipt of a fully completed copy of this Agreement, which shall be continually available on the site https://www.pronovapartners.com/.

~ Digital/Physical Signature Required ~ By typing my FULL NAME below I agree to be bound by all terms of paragraphs 1 through 7, and this entire Buyer’s Acknowledgment of Introduction and Confidentiality Agreement

*Please type your FULL NAME to validate your acceptance of all terms of this agreement.*

If you do not receive the CIM within 5 minutes – Check your SPAM FOLDER. The CIM is automatically sent out upon NDA submission. If you don’t see it within 5 minutes, please send an email request to [email protected] Or call us direct at 833-ProNova (833-776-6682) Thanks!

Contact info

Rick Carlson
Rick Carlson

Inquire about this property

Similar Properties


OC Premium Supermarket Plaza Loc Non-Standard Auto Insurance Agency

PREVIOUS PROPERTY

OC Premium Supermarket Plaza Loc. – Non-Standard Auto Insurance Agency

NEXT PROPERTY

HVAC Co. 34 Years old; offers Strong Client Base

HVAC Co 34 Years old offers Strong Client Base