71156 -Flourishing Res-Commercial Plumbing-Heating Svs

NY

Seller Financing Available
71156 -Flourishing Res-Commercial Plumbing-Heating Svs

Asking Price:$1,500,000

Cash Flow:$509,000

Gross Revenue:$1,082,000

EBITDA:$471,000

FF&E:$75,000

Inventory:$20,000

Established:1994

71156 -Flourishing Res-Commercial Plumbing-Heating Svs

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Business Description

Located in northeastern New York, this plumbing and heating contractor is in the midst of rapid growth. In 2015, revenues doubled and 50% of all profits were retained! The current owner is projecting stabilized growth in 2016 as well. They specialize in the pre-construction planning, logistics and installation of plumbing and heating equipment, water, air and gas lines for new residential and commercial construction companies. They have strong relationships with contractors in the area and, being one of the only non-union contractors in the area, they receive bid invites on the daily. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired.

Early in 2016, the owner already has big projects and contracts set up, making this a promising opportunity for the right buyer. The revenues break down as follows: 80% of the company's revenue is derived from work on new commercial construction and 20% comes from residential projects. A fifth of revenues are subcontracting. Operating this business requires industry specific tools, equipment training and knowledgeable tradesmen, however, there are no licenses required. The company has a proven track record, supported by its continued growth and ongoing relationships with commercial construction companies in upstate New York. Revenues have been steadily increasing over the past three years, with annual growth trends at nearly 100%. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones.

Detailed Information

Inventory:
Included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owned with an option to lease from or purchase, the business is operated off of a piece of private property with rental income. There are three apartments being leased out for rental income and garages being utilized for company storage. Living accommodations would be available if desired. Contact us for more details.
Competition:
70% repeat clientele.
Growth & Expansion:
They have also been invited to follow chain franchises across the country for those cookie-cutter jobs. While the current owner doesn't want to follow this opportunity due to local area growth, a more assertive owner may wish to do so. Also, the current owner has not done any advertising, increased advertising could also escalate current growth.
Financing:
Negotiable up to: 50.00 %
Support & Training:
Additional to the full-time employees, the company utilizes experienced, non-union, skilled sub-contractors who are hired on a per job or project basis. Labor costs are bid according to the work required, and on the size and scope of the project. The owner is available for a transitioning up to one year.
Reason for Selling:
Moving.

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