Highly Profitable Plumbing Company in Desirable Location (17735)

ConstructionFor Sale in WA

Listing ID: Highly Profitable Plumbing Company in Desirable Location (17735) | Broker Listing ID: BLP910825

Financial & Assets Details

Revenues: $1,000,000

Cash Flow: $200,000

FF&E: $100,000

About the Business

Home Based: Yes

Relocatable: Yes

Year Established: 2000

Employees: 5 nonunion.

Seller Financing: Yes

Business Description

Located in a very active and growing area with very stable revenues and profits! Very reasonably priced with both journeyman and apprentice plumbers as well as possible management with current employees 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, which could easily be expanded, 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 homebased, 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 whether for a working owner or an absentee one!