Listing ID: 76492
Established plumbing business of 15 years with large opportunity for growth and expansion. Seller would consider bringing on a growth partner to help scale the company or selling outright. Commercial clients account for 90% of business, but owner is expanding into residential remodel. Established relationships with General Contractors. Seller is a Master Plumber Licensee. There is great demand for plumbing services and so much growth potential. The business utilizes the expertise of skilled 1099 contractors.
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- Asking Price: $225,000
- Cash Flow: $127,010
- Gross Revenue: $670,696
- EBITDA: N/A
- FF&E: $15,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Home-based. (Home Based)
Yes, 8 weeks.
This Business Is Home Based
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. Nevertheless, the true factor and the one they tell you might be 2 absolutely different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competition, current decrease in earnings, or an array of various other factors. This is why it is really important that you not count completely on a vendor's word, yet rather, make use of the vendor's answer along with your general due diligence. This will paint an extra reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that revenue margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new clients? Often times, operating businesses have repeat clients, which form the core of their day-to-day revenues. Particular elements such as new competition sprouting up around the location, roadway building and construction, and staff turnover can affect repeat customers and adversely impact future revenues. One vital point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the greater the chance to develop a returning client base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood mean family income effect future earnings prospects?