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Description

OFF-MARKET ‘Q2 2020

Established NorCal Plumbing & Septic Biz – 30% Comm. 70% Residential
Eureka, CA (Humboldt County)
Seller Financing Available if the price and deal structure is right.

Asking Price:
$Competitive Auction Format

Cash Flow:
$532,997

Gross Revenue:
$2,103,273

EBITDA:
N/A

FF&E:
$800,000

Inventory:
$200,000*

Real Estate:
$1,100,000*

Established:
1991

*not included in asking price.

Business Description

$532k NET INCOME! 5 Years of STEADY $400k+ Earnings! Turnkey phenomenal opportunity to acquire a growing business opportunity with an established reputation and proven dominance in the local market. Buyer will need to have a state-issued C36 plumbing contractor’s license to operate this business. Includes a large roster of recurring yearly revenue clients, excellent local marketplace awareness / tradename / goodwill, and a crew of seasoned plumbing technicians that can address nearly every conceivable field call that comes in. Sellers occupy a portion of the real estate building, with the balance rented out to a stable tenant. Significant increases in sales year over year from ’18 to ’19 and YTD 2020 is up 32% through April 30. Scope of services include typical house calls, broken pipes, clogged septic tanks, drain cleanings, water line replacement services as well. NDA is required {SUBMIT BELOW} for exact business address to do a tour of the facility and secure Confidential Information Memorandum crafted by ProNova Partners.

Detailed Information

Inventory:
Included in asking price

Real Estate:
Owned
Not included in asking price

Employees:
12

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price

Facilities:
8,000 square foot building, lot is 5 acres, plenty of room for parking, storage, add additional buildings if you like on premise.

Competition:
There are competitors, but none with the well respected branded name of this Company.

Growth & Expansion:
Sky is the limit with this platform to dominate the local market!

Financing:
$250k Down! SBA approval pending Buyer Qualification!

Support & Training:
As needed, long term paid transition assistance available if required.

Reason for Selling:
Retirement.

Contact info

Pronova Partners

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