UNDER CONTRACT* Commercial Plumbing Contractor in OH

Clark County, OH

Seller Financing Available
UNDER CONTRACT* Commercial Plumbing Contractor in OH

Asking Price:$160,000

Cash Flow:$239,396

Gross Revenue:$454,092

EBITDA:N/A

FF&E:$80,000

Inventory:$30,000

Established:1985

UNDER CONTRACT* Commercial Plumbing Contractor in OH

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Business Description

UNDER CONTRACT: This 35 year old, fully licensed, plumbing contractor has built a solid reputation for performing quality service work. In 2013/14 the owner made a significant effort to increase growth within the commercial and light industrial markets while maintaining a great customer base within the residential and multi-home markets. Due to the increased marketing effort and providing quality service work, the company now has service agreements in place with large corporations and organizations within Central and SW Ohio.

A few of the commercial and residential services they provide are:

Drain Cleaning
Gas Line Repair
Water Heater Sales & Installation
Boiler Services
Backflow Testing & Installation
Water Line Install and Repair
Sewer Camera Service
Bathroom Remodel
Grease Trap Installation
Slab leak Detection
Sump Pump & Well Pump Repairs
Process Pipe Installation and Repair

This business will be very attractive to another small contracting business owner wanting to grow to the next level or a large contracting corporation wanting a larger footprint within Central Ohio. Very motivated seller due to health considerations.

Detailed Information

Inventory:
Included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business owner works from home although he does rent some space in a facility for his primary office manager to work from and to store their plumbing-related tooling and equipment. The business also has a home-based, regional satellite office near Dayton, OH, for administrative assistance to support the SW Ohio service region. There is a large amount of plumbing and construction tooling & equipment included in this sale. Two (2) work vans stocked with inventory are included in the sale.
Competition:
Due to a wise decision to transition into more commercial plumbing areas, this business is now working for large companies with multiple locations, school districts and health corporations (maintaining or opening up new care facilities) requiring plumbing and construction services. They are presently operating from a great location central to several large cities and towns. It is not unusual to travel over 50 miles to perform service-agreement based work for their larger client-owned facilities. -- NOTE: The buyer will be required to maintain licensure for the following services. * Current owner is fully licensed in the state of Ohio for: * Commercial Plumbing Services * Backflow Testing Services * Boiler Services * Contracting Services
Growth & Expansion:
This 35 year old quality commercial plumbing business is set for substantial grown in 2016. Traditionally, the owner concentrated on light commercial and residential work but in 2014 made a decision to grow into heavier markets working on service agreements with large companies and corporations. In addition to plumbing work, they also self-perform other construction services, depending on the scope of work they are asked to bid on. His business became much more profitable overnight while maintaining his reputation for quality and professional customer service. Presently they have several service contracts in place with numerous corporations and organizations. Dozens of projects are in the awarded or planning stages for 2016 and beyond, and sales are expected to be well over $500,000.00 for 2016. Projects are quoted on both a T&M and lump sum basis. Advertising was increased over the past couple years and is producing wonderful bidding opportunities resulting in new service agreements. They have several recognizable "big-name" corporate customers which have signed service contracts in-place for plumbing and construction services. This business now has multiple channels of pro-active advertising including: YP.com, Youtube videos, paid Facebook advertising & site, paid Google marketing, company websites and several others. They have a 5 STAR BBB rating.
Financing:
Will hold note on 10% of the sold price to help satisfy SBA loan
Support & Training:
The owner is willing to remain on for 30 days to help familiarize the buyer with the business, however, the key project supervisor employed in this business will be responsible for field instruction, training and support.
Reason for Selling:
Health considerations - Price Reduced over 200K to sell ASAP

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Norm Moon

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Norm Moon

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