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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