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High Net Plumbing Company - Wide Range
Location: United States -> California -> Southern California - All Southern California -> Los Angeles
Industry: Business Services > Other Services




Business Summary

Large scale turnkey plumbing & home services enterprises rarely come onto the market but a job opportunity for the Seller has come up that is too good to pass up, hence the sale! 2016 sales are already tracking awesome - 2.5MM gross, $850k Adj. Net based on YTD top line and net income #'s....! The Company is a hybrid (generalist and specialist) 24/7 plumbing organization that places service and expertise first and prides itself on having superior customer satisfaction across the entire service cycle. The Seller has stressed time and again that an acquirer should never lose that approach if they are to maintain the superior historical retention levels of the active/repeat client base and superior online review/exchange portals. Since the founding of the Company there has been a consistent commitment from a top down approach to customer service. From the initial inbound phone call the focus has been and continues to be maximizing the customer experience. NDA is required for comprehensive 27 page Confidential Information Memorandum crafted by Ace Business Brokers.

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

Facilities: Street front building with excellent signage and plenty of room for office staff and to park vehicles as needed for meetings, plus tons of street parking. Seller owns the building and will lease it back to the Buyer at $2k/Month for first 3 years of initial term of lease, with 2.0% escalations from then onward.

Competition: Competitors range the gamut from one man bands that do plumbing to large well known competitors that advertise all over the place. The Seller's company has sophisticated equipment and the expertise by the staff to complete large engagements that can run into six figures.

Growth & Expansion: Plenty of expansion and growth opportunities for someone that maybe is strong in residential but weak in commercial or vice versa. 60/40 split right now (res/comm) so either direction is


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $2,500,000
Cash Flow:   $800,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $500,000
Seller Financing:  Yes

About The Business

Year Established:  2005
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  As needed. All staff want to stay.
Reason For Selling:  Awesome employment opportunity abroad.




Print Listing Id: 700259958
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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