Multifamily & Commercial Plumbing w/ 5 Master Licenses

Iowa City, IA (Johnson County)

Seller Financing Available
Multifamily & Commercial Plumbing w/ 5 Master Licenses
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Asking Price: $1,920,000

Cash Flow: $615,249

Gross Revenue: $3,508,229

EBITDA: N/A

FF&E: $599,156

Inventory: $48,000*

Established: 1973

*not included in asking price.

Multifamily & Commercial Plumbing w/ 5 Master Licenses

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Business Description

Nearly 20 seasoned staff providing service in Iowa City area!

Nearly 20 seasoned staff providing service in Iowa City area! This trusted plumbing business brought in $3,508,229 of sales for 2018 and has over $647,000 in assets. An established reputation for accurate bids and project timeliness leads contractors & clients to repeatedly seek out their services. Operating with an experienced team of 17 employees, Master Plumbers and apprentices work together on projects such as multi-family residential units ranging in size from duplexes to 104 unit buildings; new and remodel single family residences; small to medium size commercial projects, boiler installation and service and plumbing service.

Their core competencies are multi-family units ranging in size from duplexes to five level buildings with 100+ units; residential work focusing on new houses in the $325,000 to $1,000,000 range and residential remodels at $15,000 and above. The Company offers complete plumbing construction from under slab, above slab rough-in, trench drains, roof drains, fixtures and fixture installation. This company is generally regarded as having the best boiler service and installation team in the area.

With a reliable customer base, this business focuses on taking care of their existing clients and they are able to be specific and selective with new projects and bids. The 6,000 sq. ft. space is owned by the seller, but the space will be available for uninterrupted continued lease after the sale. The building features office and storage space. The owner currently manages estimations and does end of month accounting work. This owner has also developed a strong company culture, creating a close-knit atmosphere where apprentices can learn sound fundamentals, individuals have the tools, equipment and resources they need, and project teams are matched to the projects that are best suited to their individual strengths.

**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:
Iowa City, IA
Inventory:
Not included in asking price
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
6,000 sq. ft.: Office and warehouse, available for continued lease
Growth & Expansion:
Implement online scheduling for additional service sales
Financing:
15%
Support & Training:
6 months
Reason for Selling:
Retirement
Business Website:
http://thefirmbusinessbrokerage.com/Listing/Trusted-Plumbing-Hydronic-Heating-S
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Cortney Sells

Business Listed By:
Cortney Sells

The Firm

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