The company is owned by three partners. The sale is driven by personal circumstances, as one owner needs time and financial flexibility to care for his ill spouse. The other two owners, who are his brother and best friend, support the sale so he can step away.
Based in San Antonio, Texas, the company is a niche plumbing business specializing in tunneling for slab leak repairs, a service not possible with traditional plumbing methods. The company diagnoses leaks, lifts slabs, tunnels to the affected area, and completes repairs that safely restore structural integrity. It has earned hundreds of 5-star Google reviews, reflecting a strong reputation with homeowners and foundation repair contractors.
Approximately 85 percent of revenue comes from tunneling services. While competitors typically take two days and charge around 3,000 dollars for leak detection, this company completes testing in two hours for 250 dollars and achieves a 90 percent close rate.
The team includes three owners, two technicians, and one office employee.
The business offers clear growth opportunities through expansion in San Antonio and nearby markets, increased marketing to homeowners and foundation repair contractors, and the addition of complementary residential plumbing services.
Two of the partners are willing to do a one-year transition period. They have also mentioned that they would be willing to work for two years at a 1.1M selling price, no salary. I believe this is motivated by their best friend/partner. They all grew up together.
If you do not have a license, one of the owners is willing to qualify the business. Our firm can also introduce you to a qualifier. We have many.
Note: There are additional SDE items the owners did not take the time to fully review. Conservatively, there may be an additional minimum of $40K in SDE, with the potential to be as high as $50K–$90K, primarily related to personal expenses such as gas, food, and similar items.
Ad#:2442393
