17735 – Highly Profitable Plumbing Company in Desirable Location
ConstructionFor Sale in WA
Financial & Assets Details
About the Business
Very stable revenues and profits! Management potential in current employees possible at modest cost! Located in Western Washington, this is a unique and long-standing provider of residential plumbing design, installation, and repair services. While there has been light commercial work, they primarily service contractors in the surrounding area with new residential plumbing design and construction services, including remodels. There is huge growth potential in almost every other area of plumbing that would add to the $1 Million average revenue base. With over twenty years of experience, strong relationships with contractors have been developed that results in repeat business with contractors. The company employs experienced & certified technicians who provide dependable and professional service. Primarily home based, which is very economical, they do lease a storage warehouse. By providing contract repair services, they capitalize on customer’s entire plumbing care needs. Revenues are historically above $1 Million and EBITDA in the $200+k range. The COVID-19 pandemic affected the company’s 2020 Revenue generation due to decline in new home construction, however the company is currently experiencing high demand for services and turns down many offers due to rebounded demand. Approximately 90% of the revenue is derived from new plumbing construction installation and remodeling services residentially. Beautiful area for both business and lifestyle! This one is a winner!
Negotiable up to 20% for the right buyer.
Absentee Ownership is possible!
Support & Training
Owner Transition Period of 12 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.