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Sep 5, 2018 — $418k Net Income! 3.59x Earnings is Juicy - RE Available Also for $850k On Top!
Turnkey phenomenal opportunity to acquire a prime piece of commercial real estate and a growing business opportunity with an established reputation and proven dominance in the local market. RE is available for $850k on top of purchase of business, though not a requirement of Closing. Buyer will need to have a state-issued C36 plumbing contractor's license to operate this business. Includes a large roster of recurring yearly revenue clients, excellent local marketplace awareness / tradename / goodwill, and a crew of seasoned plumbing technicians that can address nearly every conceivable field call that comes in. Sellers occupy a portion of the real estate building, with the balance rented out to a stable tenant. Significant increases in sales year over year from '16 to '17 and profits have climbed significantly as well. Scope of services include typical house calls, broken pipes, clogged septic tanks, drain cleanings, water line replacement services as well. NDA is required for exact business address to do a tour of the facility and secure Confidential Information Memorandum crafted by broker.
Inventory: Not included in asking price
Real Estate: Owned - Not included in asking price
Building SF: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 8,000 square foot building, lot is 5 acres, plenty of room for parking, storage, add additional buildings if you like on premise.
Competition: There are competitors, but none with the well respected branded name of this Company.
Growth & Expansion: Social media presence is weak and there are negative reviews lingering from the previous owner who mismanaged the business. There is a tremendous opportunity to shore this up and make it an asset instead of a liability.
Financing: $95k Down! SBA approval pending Buyer Qualification!
Support & Training: As needed, long term transition assistance available.
Reason for Selling: Retirement.
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