Compare Listings

Description

Established NorCal Plumbing & Septic Biz – 30% Comm. 70% Residential –

Sonoma, CA – (Sonoma County)
Seller Financing Available!

Asking Price:
$1,500,000

Cash Flow:
$543,288

Gross Revenue:
$1,881,392

EBITDA:
N/A

FF&E:
$300,000

Inventory:
$60,000*

Real Estate:
$850,000*

Established:
1991

*not included in asking price.

 

Business Description

$543k NET INCOME! 3x Earnings is Juicy – RE Available Also for $850k On Top! – Turnkey phenomenal opportunity to acquire a prime piece of commercial real estate and a growing business opportunity with an established reputation and proven dominance in the local market. RE is available for $850k on top of the purchase of the business, though not a requirement of Closing.

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 ’16 to ’17 and profits have climbed significantly as well.

The scope of services includes:

  • typical house calls,
  • broken pipes,
  • clogged septic tanks,
  • drain cleanings,
  • water line replacement services as well.

NDA is required for an exact business address to do a tour of the facility and secure Confidential Information Memorandum crafted by ProNova Partners.

Industry Overview:

ProNova sources industry and marketplace information from First Research Forecasts. These forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. The US plumbing and HVAC contractor’s industry includes about 100,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $190 billion. New technology for HVAC and plumbing applications is driving growth in the industry.

Systems that connect HVAC, lighting, and security elements, as well as tools to monitor energy use and efficiency, are popular in residential and commercial installations. The growing use of voice-control devices like Amazon’s Alexa or Google Home is also driving residential demand for newer HVAC systems. Smart tech is also driving plumbing demand with personalization of shower and toilet function key for home markets and water efficiency for toilets and facets important to larger installations.

Some smart fixtures can also diagnose problems and alert for needed maintenance. Contractors experienced in new technology can benefit from new construction and remodeling demand as well as maintenance work.

Detailed Information

Inventory:
Not included in asking price

Real Estate:
Owned
Not included in asking price

Building SF:
N/A

Employees:
11

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

Facilities:
8,000 square foot building, the 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:
Social media presence is weak and there are negative reviews lingering from the previous owner who mismanaged the business. There is a tremendous opportunity to shore this up and make it an asset instead of a liability.

Financing:
$230k Down! SBA approval pending Buyer Qualification!

Support & Training:
As needed, long-term transition assistance available.

Reason for Selling:
Retirement.

Contact info

JP Park
JP Park
(833) 776-6682

Inquire about this property

Similar Properties


Contractor business for sale

PREVIOUS PROPERTY

OFF-MARKET-Los Angeles Based Contractor on Home Improvement Show – (High Ratings!)

NEXT PROPERTY

Public Health and Medical/Recreational Cannabis Testing Software Suite

Medical/Recreational Cannabis Testing Software Suite