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$3M in Sales – Commercial Plumber

Des Moines, IA (Polk County)

Seller Financing Available
$3M in Sales – Commercial Plumber
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Asking Price: $2,100,000

Cash Flow: $657,158

Gross Revenue: $3,101,318

EBITDA: N/A

FF&E: N/A

Inventory: $85,000

Established: 2003

$3M in Sales – Commercial Plumber

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Business Description

Long term contracts and $3,101,318 in sales located in the Des Moines area. With over $569,000 in assets, this team mainly works with commercial clients (80%) such as universities, property management companies, agricultural operations, as well as state and federal governmental entities. About 10% of all services fall outside the typical contracted relationships in the northern surrounding counties. Operating with a nimble team of 21, Master Plumbers and apprentices work together on projects such as service installation, agricultural projects, steam hydronics, chilled water lines, boiler servicing, and much more! The current owner is willing to stay on as master plumber for at least 2 years (longer if needed). His ongoing salary is reflected in the cash flow shown.

The 5,400 space is owned by the seller, but the space will be available for uninterrupted continued lease after the sale. The building features an office with a large warehouse and a one-acre lot for storage.

The owner currently manages the development of new business including estimations. This owner has also developed a strong company culture, creating a close-knit atmosphere where apprentices can learn, individuals have the resources they need, and projects are matched to the best technician possible.

**The Firm Business Brokerage is not a real estate brokerage and therefore the staff will not handle any aspect of the lease, sale or purchase of real estate.**

Attached Documents


Detailed Information

Location:
Des Moines, IA
Inventory:
Included in asking price
Employees:
21
Facilities:
5,400 sq. ft.: Office and warehouse, 1-acre storage yard, available for continued lease
Growth & Expansion:
Implement annual service contract sales; Increase residential sales; Increase Federal work
Financing:
15% Seller Financing: $315,000
Support & Training:
The owner is willing to stay on for 2+ years
Reason for Selling:
Exit strategy
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Cortney Sells

Business Listed By:
Cortney Sells

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