Well Known Plumbing Company on Gulf Coast

Baldwin County, AL

Generic

Asking Price:$1,700,000

Cash Flow:$369,490

Gross Revenue:$1,997,144

EBITDA:N/A

FF&E:$350,000

Inventory:$315,000

Real Estate:$1,000,000*

Established:1987

*not included in asking price.

Well Known Plumbing Company on Gulf Coast

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Business Description

This very profitable plumbing company is located near the Gulf Coast and offers a wide-range of residential and commercial plumbing services. The services range from basic plumbing such as installation of fixtures to drainage issues, grinder pump services. They also have inventory in stock that can be sold to their customers.

This company has been in business for nearly 30 years. The founders are still the current owners and are still active in the business. Having been in business this long they have developed a solid reputation and are well known throughout the area.

Business has grown each of the past three years with 2015 being a record setting year with nearly $2MM in revenue. This is up from $1.94MM in 2014, $1.65MM in 2013 and $1.45MM in 2012.

The store is roughly 5,100 square feet and is on two lots. This is in a prime location near the Gulf Coast where values only continue to increase. These two lots and +/- 5,100 square foot building are available to purchase for $1MM.

Having started the business themselves and owned it for nearly 30 years the seller wants to see the business prosper and will thoroughly assist a new owner to ensure a smooth transition. They are even willing to stay on board for a period of time to make this work for a new owner and their employees.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
12 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Store/building of roughly 5,100 sq ft and includes two lots.
Support & Training:
Owners are willing to stay with the company to support and train a new owner as well as to ensure a smooth transition.
Reason for Selling:
retire

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William Bruce, ABI

Business Listed By:
William Bruce, ABI

William Bruce Business Sales & Acquisitions, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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