Niche Plumbing Business

www.GlobalBX.com

Listing ID: 700314287

Listing Title: Niche Plumbing Business

Quick Link: http://www.globalbx.com/listing.asp?bId=314287

Industry: Business Services

Industry Segment: House and Garden Maintenance

Country: United States

State / Province: California

Area Southern California - Los Angeles Area

City: Los Angeles

Asking Price Range: $500K - $1.0M

Gross Revenues: $1,879,564

Cash Flow: $597,462

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2010

Number of Employees: 10 - 19

Business Description:
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.



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