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Introduction: This professional plumbing company has been in business for almost 4 decades and has built a steady, loyal client base of repeat customers. It can repair, service and maintain just about any form of plumbing and heating systems and has a balanced blend of commercial and residential clients (40/60). It has a highly skilled workforce and office staff, totaling 17, that have been with the company for many years.
Customers include property owners and managers, commercial and industrial businesses, contractors, and municipalities. Its’ business model focuses on building lasting relationships, so the customer will trust them when it comes time for service, resulting in consistent financial performance and revenues.
Sales have historically been over $2m for the last 3 years. Did $2.2m in 2017, $2.46m in 2018, $2.35m in 2019 and $2.56m (ttm) in 2020 and over $700,000 in seller’s discretionary earnings (if the real estate is purchased). There are significant opportunities for growth. It has all state-of-the-art equipment, tools and fleet, and specialized equipment; the company is prepared for any job.
Real Property Included
Business is located in an industrial park very near a main artery for east travel.
The facility is conveniently located in the middle of its demographic sales area and within 10 minutes of Interstate 64. It is easily reached by employees who generally live within a 20-minute commute. Just Plumbing leases a 5,000 sf building from Owner’s, Bill and Anne McCann.
Inside, the building has 1,500 sf dedicated to offices, 3,000 sf for warehousing and 1,000 sf of unfinished attic space for storage. Outside, it is equipped with ample off-road employee parking and equipment storage, fenced-in, with video surveillance, and is close to fire and police protection. The real estate is available for sale for $450,000. In addition, the adjoining lot was acquired for future expansion and is currently undeveloped. That is also for sale at $200,000.
They could expand into a major population area that is one hour away.
There is some competition but this business has an outstanding reputation and is constantly busy.
On call 24/7
Owners will offer a very acceptable transition and training period.
Owners will consider a small financing package included in the sale.
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