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Niche Plumbing Business
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Business Services > House and Garden Maintenance




Business Summary

This Los Angeles area plumbing business has developed a coveted market niche in new upscale custom residential home construction. Historically, the firm has not engaged in service or repairs or accepted commercial clients, however they have recently launched a new but bourgeoning service business. As such, they efficiently operate with a high margin and an efficient team with an extraordinarily attractive average job cost which was in the $250,000 - $300,000 range! Due to personal reasons, this offering offers its fortunate buyer an unbelievable return on investment!

Asking price: $597,500

This business operates out of an office warehouse that leases for $3,664 per month. All of the business's furniture, fixtures, equipment and goodwill will be included in the sale. 3 vehicles will be paid off and included in the sale, while approximately $250,000 - $300,000 in accounts receivable, almost $150,000 in job retention earnings as well as $100,000 of working capital in the bank may be purchased at cost at close on a dollar for dollar basis in addition to purchase price. About $100,000 in payables will paid off in sale, as will outstanding vehicle leases allowing a buyer to walk in and potentially recoup their entire purchase within a year!

Competition exists on various levels, however this well established operation has developed a loyal contractor client following that is anticipated to remain loyal to the company and its staffers (foreman, supervisors and workers) who they work alongside.

New operators may wish to expand the service offering into a wider geography (since the majority of high end work is in Los Angele's premier areas), consider engaging in commercial projects or expand the already growing service business.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,879,564
Cash Flow:   $597,462
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  4 weeks at 20 hrs/wk
Reason For Selling:  Personal

Photos

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Niche Plumbing Business Photo 1




Print Listing Id: 700314287
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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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