Established Commercial Plumbing Company in Southern California
For Sale in CA
Financial & Assets Details
About the Business
A well-established plumbing company that has profitably operated in the highly competitive Southern California marketplace since 2001 is currently available for purchase. They offer a full line of commercial, industrial and residential services including plumbing, sewer, and gas line works. During the past 5-years the Company’s gross revenues have grown from $2-million to over $5-million annually: all while net profit margins have continued to grow. Much of the company’s dynamic and steady revenue growth is attributable to the addition of a business-oriented partner 8-years ago. The new partner has been wholly focused on developing a comprehensive marketing plan designed to create recurring income streams. Consequently, much of the recent revenue growth has resulted directly from the addition of numerous commercial contracts with: nationally recognized franchises, hotels, property managers, apartments, HOA’s, hospitals, senior care facilities, government entities and many more. These profitable contracts have consistently generated reliable and growing sources of recurring revenues.
In order to assure they maintained a top-quality reputation, regarding dependability and workmanship, the company has consistently invested heavily in both their employees and their equipment. They recognized that customer acquisition was the short-term goal, whereas customer satisfaction and longevity was the critically important longer-term goal. Maintaining rapid and effective responses to plumbing emergencies is essential to keeping commercial and industrial clients happy. Consequently, the company is available 24 hours a day, 7-days a week, providing speedy responses and resolutions to client emergencies.
The existing plumbing team consists of a general manager, 4-superviors and a team of 29 associate plumbers. Recognizing that the plumber is only as good as his equipment, the company has constantly invested in and upgraded their trucks and truck-gear; including 25-state of the art $10,000 video cameras and 3-large Hydro Jets. Their fleet of 30-large trucks, all with high quality advertising graphics, represents a rolling billboard to solicit new business. Each truck is outfitted with a full arsenal of tools and equipment capable of dealing with nearly any type of plumbing problem.
A full time dispatcher schedules and directs the workforce in an orderly and disciplined fashion, designed to optimize both men and material. The dispatcher also effectively matches the individual skills of the team members to each job’s particular requirements. With an eye towards continuing to expand their client base, the company has a dedicated, full-time sales person soliciting and marketing for new clients.
There is an effective legacy management team in place that will remain. One of partners, who holds a C-36 license, will remain during a transition if desired. Additionally, the company recently added a new team member from a major consulting firm who is highly sophisticated in business operations and overall management. He would be capable of functioning as a potential COO.