High Net Los Angeles Plumbing Co. - Wide Range Sophisticated Services

Los Angeles, CA (Los Angeles County)

Seller Financing Available
High Net Los Angeles Plumbing Co. - Wide Range Sophisticated Services

Asking Price:$2,500,000

Cash Flow:$800,000

Gross Revenue:$2,500,000

EBITDA:N/A

FF&E:$500,000

Inventory:N/A

Established:2005

High Net Los Angeles Plumbing Co. - Wide Range Sophisticated Services

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Business Description

High Net Los Angeles Plumbing Co. - Wide Range Sophisticated Services

Please dial Extension 630 if you decide to call us at (800) 985-4939 so you are routed properly! Thanks!!

Large scale turnkey plumbing & home services enterprises rarely come onto the market but a job opportunity for the Seller has come up that is too good to pass up, hence the sale! 2016 sales are already tracking awesome - 2.5MM gross, $850k Adj. Net based on YTD top line and net income #'s....! The Company is a hybrid (generalist and specialist) 24/7 plumbing organization that places service and expertise first and prides itself on having superior customer satisfaction across the entire service cycle. The Seller has stressed time and again that an acquirer should never lose that approach if they are to maintain the superior historical retention levels of the active/repeat client base and superior online review/exchange portals. Since the founding of the Company there has been a consistent commitment from a top down approach to customer service. From the initial inbound phone call the focus has been and continues to be maximizing the customer experience. NDA is required for comprehensive 27 page Confidential Information Memorandum crafted by Ace Business Brokers.

Detailed Information

Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Street front building with excellent signage and plenty of room for office staff and to park vehicles as needed for meetings, plus tons of street parking. Seller owns the building and will lease it back to the Buyer at $2k/Month for first 3 years of initial term of lease, with 2.0% escalations from then onward.
Competition:
Competitors range the gamut from one man bands that do plumbing to large well known competitors that advertise all over the place. The Seller's company has sophisticated equipment and the expertise by the staff to complete large engagements that can run into six figures.
Growth & Expansion:
Plenty of expansion and growth opportunities for someone that maybe is strong in residential but weak in commercial or vice versa. 60/40 split right now (res/comm) so either direction is a strength for the Company.
Financing:
$1.5MM Down, $1.0MM Financed, $15,731.65 / Mo. 74 Months @ 5%!
Support & Training:
As needed. All staff want to stay.
Reason for Selling:
Awesome employment opportunity abroad.

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Rick Carlson

Business Listed By:
Rick Carlson

Ace Business Brokers

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