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Asking Price: $1,800,000

Cash Flow: $362,000

Gross Revenue:$1,628,486
EBITDA: N/A
FF&E: $100,000

Inventory: $100,000*
Real Estate: $700,000
Established: 2004

Business Description

A Reputable Plumbing Company Primed For Expansion

After 16 years the company has amassed steady year to year growth. They have generated $1,628,286 of gross revenue in 2019 and are extremely profitable. Consisting of 9 employees (6 w-2’s and 3 1099’s), 8 Vehicles ranging from 2003-2013 owned free and clear, Owns real estate free and clear (2 impeccable Warehouse/office space consisting of 1,600 square feet each centrally located in Palm Beach County, just 3 minutes from I-95.) which are fully stocked with over $200,000 of FF&E, Inventory, and vehicles. Business revenue consists of 70% service based 30% new construction based, 5 Star reviews on all online platforms , Very little spent on marketing ($2,500 spent in 2019 Gross sales were $1,628,000), most business comes from word of mouth (Referrals) and there are over $700,000 in contracted business and counting. This operation has a primed infrastructure for expansion, a prime location for a Head Quarters in Palm Beach County (South Florida)and is perfect for a consolidation or vertical integration play. Inquire to for more information, this amazing opportunity won’t last long.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,400
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
The company is equipped to service the medium to larger size projects which smaller independent plumbing companies are not equipped to handle. These jobs generally are larger dollar amounts with higher profit margin opportunity. Key markets are residential, commercial, and new construction. The company also services smaller item jobs and has a loyal customer base of general contractors, construction companies, High End HOA’s (Specifically Condos), and a large amount of continuous referrals from word of mouth traffic (Happy Clients). In Palm Beach County (South Florida) the clients are endless, and plumbing is essential. There are new buildings and renovations constantly in progress as well as substantial year over year growth from a population standpoint. South Florida is one of the fastest growing economies in the United States.
Growth & Expansion:
A large percentage of business is obtained through call & walk in traffic attributed to the company’s long-standing reputation & word of mouth by previously satisfied customers (referrals). Additional business is generated organically through search and their online website (A small percentage). Outside of a company website, and natural organic web traffic there has never been any outside marketing budget or plan. By implementing a strong marketing plan the new owner could double the revenues in under 2 years utilizing there already strong reputation in Palm Beach County and Broward County. New technology can be implemented to spear head growth and efficiency if new owner wishes. There is huge upside potential in the sales and marketing sector due to the lack of sales and marketing tactics that have been implemented. The plumbing space is a competitive market in Palm Beach County (South Florida) but there is plenty of business to go around. Especially when you have as great of a reputation as this owner. When you can call a plumbing company, who has competitive pricing and does what they say they are going to do when they say they are going to do it, a good reputation in south Florida has has no price tag. Most plumbing companies do not stand the test of time, but there are still some small independent. The company has maintained million dollars plus in gross revenue for many years. Its growth has been held back by not utilizing online marketing strategies and other forms of marketing during the entire life span of the company, there has never been an allocated marketing budget or marketing plan to assist in growth. Huge upside potential for new owner.
Support & Training:
6 months- 1 year max
Reason for Selling:
Retirement
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