Jefferson County, CO Plumbing Businesses For Sale

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West Denver Plumb/HVAC Co, Price Lowered to Less than 2X 300K EarningsRecurring Revenue, A+ BBB, Loyal Employees, Attractive Website
$575,000 Cash Flow: $294,000 Seller Financing
West Denver Plumb/HVAC Co, Price Lowered to Less than 2X 300K EarningsRecurring Revenue, A+ BBB, Loyal Employees, Attractive Website

Golden, CO

26 Year Old Colorado Residential/Commercial Plumbing and HVAC Company 2017’s earnings were 294,137 from revenues of 1,283,921. 2016’s earnings were 430,270 from revenues of 1,448,659. The company had 3 one-time events that impacted both the revenues and the earnings during 2017. They have been profitable all 26 years including the 2008 to 2012 downturn. The seller is asking for 645K. This price is less than 2 1/4 times the 2017 adjusted earnings and less than 1 ½ times the adjusted earnings of 2016. This company provides a full range of Plumbing and Heating services. They are also recognized as experts in Radiant in floor heating and tankless water heater systems which are part of a “hydronic heating system” popular in high end homes in Colorado. They provide maintenance and repairs also which helps with recurring revenues. This company provides both commercial and residential services for new construction or remodels. They have seven full time employees including two master plumbers whose licenses a new owner can use. They pride themselves in their fast and accurate estimating of the time and cost of the job before any work is done. The buyer will get approximately 45K in current value hard assets made up of 34K in equipment and another 11K in inventory. The company has a great reputation with a long-standing and recurring customer base. The owners are retirement age and will help the new owner transition the business for as long as they would like and are confident that it will be a smooth transition. The company, not the owners, has the BBB A+ rating, customers, and reputation. They will sign a non compete and offer full indemnifications. Location: West Metro Denver Area. ______________________________________________________________________________________ The sales price has just been lowered to 575K from 645K which includes all assets debt free. This price is less than 2 times the 2017 adjusted earnings and is less than 1 ½ times the adjusted earnings of 2016. The seller will be keeping their cash and accounts receivables and will pay off all debt including the accounts payables so that the business transfers debt free. It is an S Corp so this can be either a stock or an asset sale. ______________________________________________________________________________________ Brief Overview and Deal Points: They specialize in high end custom residential plumbing and hydronic radiant heat(watch the video in the link toward the top of this email). Their mix is mostly residential that is 20% service/maintenance, 40% Plumbing, and 40% Radiant heat which is mostly Hydronic in nature. Hydronic heat uses a boiler and heated water in tubes which provides a more efficient heating system that is quieter and more consistent. They also take regular service calls for plumbing and some HVAC. The company has grown historically based on their reputation and the growth of population and building in their market. They have a normal internet presence with some SEO and website but do not spend a lot on advertising. They have long term relationships with several builders and with a warranty company. The population of their entire market is mostly affluent and has and is expected to continue to grow at an impressive rate. Growth and Expansion: A new owner can increase advertising, increase their service area, work harder than the current owners, add forced air, add fire suppression systems, and/or become solar experts. 90% of new custom larger homes in their area use hydronic radiant heat but most of the older homes can’t be retrofitted to this. Plus, the rest of their market uses forced air which they do not currently provide services for. A new owner could add a duct expert and easily add forced air as a service they provide. Fire suppression systems are now required for homes over 4,500 square feet in their market. Most importantly, the Seller believes that they will naturally grow back to 2016’s level without doing anything special because it took 3 one-time events in 2017 for the revenues to have dropped. Solar is becoming a big deal in Colorado with most of the home building now offering it as an option. There is a very large opportunity in the solar industry to companies with their expertise. Keep in mind that the add backs taken in the adjusted earnings spreadsheet are very conservative and don’t accurately show how much impact those 3 events had. There was no way to properly monetize each event. For example: The condominium repair they lost revenue and the earnings from those employees and their ability to bid new work while they were up there. I only added back the actual cost of labor and appliances not the lost opportunity which was substantial. I would have valued this company at $950K in early 2017 based on 2016’s earnings. This is great timing for a buyer to buy this business. Another consideration is that they take 6 to 8 weeks each year for vacation and he works 35 hours a week and her only 20 hours. A new owner can come in and work more hours to help grow this business. They have a great reputation for safety, quality, and reliability. The seller will agree to full Reps and Warranties to a solid legal and business standing. They have a great record for safety (OSHA) as proven by their low workman’s comp MOD rate. They have had no regulatory issues, no lawsuits, and no issues with the city, county, or municipality that they are in. They are also A+ rated with the Better Business Bureau. The business has very loyal and long term employees. There are 7 full time employees and two owners. One owner only works 20 to 25 hours a week doing some administrative work. The employees are all hourly which keeps fixed costs in line with revenues. The employees are trustworthy, competent, and reliable. 2 employees were hired before 2015 and 2 before 2009. This company has a stable labor force. The business is located near I-70 which gives them easy access to several high end Colorado Mountain communities, and West Metro Denver. The facility is 3,200 square feet with 2,400 square feet of warehouse and 800 square feet of office space. The current lease has ½ year left on it. The monthly rent is $2,700 plus CAM expenses of $450 per month. They have a great reputation for safety, quality, and reliability. The seller will agree to full Reps and Warranties to a solid legal and business standing. They have a great record for safety (OSHA) as proven by their low workman’s comp MOD rate. They have had no regulatory issues, no lawsuits, and no issues with the city, county, or municipality that they are in. They are also A+ rated with the Better Business Bureau. Denver is sunny almost all year round. Plus, Colorado is the best State in the country to own a business. Colorado is the "#1" fastest growing and strongest economies in the United States, per Money.MSN.com and Business Insider’s September of 2014 issue. This article ranks all 50 states by eight economic measures including GDP growth, housing prices, job creation and exports. Also, Area Developers Magazine ranked Denver the #1 growth opportunity in the country in June of 2015. Check out the article in this link http://www.bizjournals.com/denver/news/2015/07/15/denver-rated-no-1-in-u-s-for-economic-success-3.html?ana=e_du_wknd&s=article_du&ed=2015-07-18&u=Omt2yqM6WXrOzM+upNHZNw0a18034b&t=1437241801 and rated Denver #1 for leading locations for economic strength indicators and eighth for both workforce and recession-busting attributes: http://www.bizjournals.com/denver/news/2015/07/15/denver-rated-no-1-in-u-s-for-economic-success-3.html The Denver-Aurora-Broomfield metro area was rated first among the 375 metros. Here is Area Development's top 10 U.S. "Leading Locations" for 2015: 1. Denver. 2. Houston. 3. Grand Rapids, Michigan. 4. Greeley. 5. San Francisco. 6. San Jose. 7. Seattle. 8. Columbus. 9. Boulder. 10. Austin ______________________________________________________________________________________ Please Call of Email for Information: The broker is available at any time to discuss your interest in this offering and can set up a meeting either in person or by phone with the owner(s). Thank you for your interest. Sincerely, Jeff Chapman Eisnaugle 303-905-7607 Direct 303-284-7025 Main 720-524-6482 Fax jce@companybroker.com This is prepared by Company Broker Group with information provided by the Seller. It was not created by the seller and neither the Broker or the Seller are responsible for its accuracy. Buyers are responsible for their own due diligence. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections. Different Brokerage relationships are available which include Seller agency, buyer agency, or transaction – brokerage. Brokerage disclosure to Buyer or Tenant of Property. Definition of working relationships. Seller's Agent: a seller's agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty, and fidelity. The agent negotiates on behalf of and ask as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the business/property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller. Buyer’s Agent: a buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of an accident advocate for the buyer. The buyer’s agent must disclose to all potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction. A separate written by a Buyer agreement is required which sets forth the duties and obligations of the broker and the buyer. Transaction broker: the transaction broker assist the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care and the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction – broker concerning the property or a buyer's financial ability to perform the terms of a transaction and whether the buyer intends to occupy the property. No written agreement is required. Company Broker Group, LLC, and Jeff Chapman Eisnaugle will be operating solely as a “Seller Agent” in all transactions.

Professional Plumbing Services
$35,000 Cash Flow: $111,870
Professional Plumbing Services

Littleton, CO

Opportunities like this do not come around often. This incredible business will sell quickly priced at only ½ times earnings! The company website and strong customer base is included in the asking price! It is an outstanding company that has been in business for over 32 years and has a solid recurring revenue stream and has received many accolades for its unsurpassed customer service and work quality. This five-star rated, full-service plumbing business services residential clientele. It has a reputation for high quality work as verified by its outstanding customer satisfaction reviews, and A+ BBB rating with zero complaints after all these years. This business has been set up as a mobile plumbing service. Services Currently Offered: • Plumbing for Additions and Remodels • Lawn and Garden Sprinkler Repair • Plumbing Installation and Repair, Sump Pump replace/repair, Water Heater replace/ repair • Tiling for Bathrooms, Installation and Repair. • Basement Drainage Channels - Repair, Gas Piping, Faucets, Fixtures and Pipes - Repair or Replace, Drain Clog or Blockage – Clear Like most businesses, there are several competitors that operate in the area, however this business has a long history of bidding and winning against others due to its reputation in its niche market, pricing structure, and ability to meet large scale service needs combined with personalized, honest service and attention to detail.

Very Profitable and Well-Established Plumbing and Heating Business
$330,000 Cash Flow: $165,000 Seller Financing
Very Profitable and Well-Established Plumbing and Heating Business

Jefferson County, CO

Well-established plumbing and heating business with strong reputation for sale. Business services western Denver and the foothills and specializes in broiler heating systems. Owner is looking to retire and has simplified operations as he has gotten closer to retirement. Owner and wife currently operate without any employees which allows for simplicity and good margins, but business has plenty of demand and could easily expand. Business operates primarily off of referrals and word-of-mouth. Owner willing to train new owner and may be open to carrying a note on a small portion of the sale for the right buyer.


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