Price Reduced - SBA Approved Plumbing Company on Gulf Coast

Baldwin County, AL

Seller Financing Available
Price Reduced - SBA Approved Plumbing Company on Gulf Coast
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Asking Price: Get Financing: $1,150,000

Cash Flow: $421,609

Gross Revenue: $1,968,971

EBITDA: N/A

FF&E: $380,000

Inventory: $350,000*

Real Estate: $1,000,000*

Established: 1987

*not included in asking price.

Price Reduced - SBA Approved Plumbing Company on Gulf Coast

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Business Description

Price drastically reduced from $1.7M to $1.15M plus inventory.

This very profitable plumbing company is located near the Gulf Coast and offers a wide-range of residential and commercial plumbing services. The firm's services range from basic plumbing such as installation of fixtures to drainage issues and grinder pump services. The company also has inventory in stock of roughly $350K that is sold inside their store. This $350K is at cost and is not included in the above asking price. The inventory is part of the sale if the buyer wants to continue the retail side of the business and in this case would be added to the above asking price.

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.

In 2016 the company had a record setting year with over $421K in cash flow!

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.

Don't miss out on this great business opportunity. Plumbing companies are a great business and will always have work regardless of the state of the economy.

Detailed Information

Inventory:
Not 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.
Competition:
Very little competition in the area.
Growth & Expansion:
Could easily expand into different territories as well as new construction services.
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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Contact the Seller

(from currently available funds)
 
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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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