Price: $1,950,000
Location: Wake County
Industry: Plumbing
Listing ID: 16960351-NI
Listing Status: Popular
As a $159B industry sector, the Hardware, Plumbing & HVAC Distributors category is a perennial favorite for business owners/investors seeking reliable service businesses that are the cornerstone of construction infrastructure. This business is a rare opportunity in that sector to take step into a decade plus history of hard work and a great reputation.
Positioned for a seamless transition, this cash-flow-positive residential plumbing contracting company comes with a loyal client base, seasoned crews, and a management team. It offers flexibility for geographic expansion to entrepreneurs or can serve as an attractive acquisition for larger organizations looking to bolster their plumbing portfolio. With a solid foundation and lucrative potential, this opportunity awaits a new owner operator or savvy investor ready to take the reins of a thriving enterprise.
Business Highlights:
- Licensed and Insured (Owner may need to bring or hire for a Plumbing-Class I Contractor's license)
- More than a dozen vehicle fleet plus excavators and more
- Diverse customer base, intentional avoidance of customer concentration
- Client base that pays on time of Residential home builders
- Tenured and cross trained crews and a management team that can operate with owner supervision
Submit an inquiry through the contact form for an instant NDA and connect with a VR representative to confirm you're a real person/short phone call to receive the business report. Full tax returns are available with an accepted offer.
Down Payment: N/A
Total Sales: N/A
Cash Flow: $803,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
FFE Included: Yes
Inventory: N/A
Inventory Included: Yes
Year Established: 2011
Non-Owner Payroll: N/A
Employees: 19
Managers: 1
Absentee Owner: No
Security on Lease: Yes
Real Estate: N/A
Real Estate Included: No
Monthly Rent: N/A
Type of Location: Industrial Park
Square Footage: 5000
Relocatable: No
Facilities Information: Full fleet of work trucks/vans, excavators, forklift, and assorted construction equipment.
Reason For Sale: Retirement
Training & Support: 2 weeks
Owner Qualifications: Licensed Plumber
Potential Growth: This firm is prepared to expand beyond the Triangle market and has capacity in it's warehouse for more crews.