Listing ID: 77285
20 plus years of quality service and loyal customers have built this successful plumbing business. This full service plumbing and repair business has been proudly servicing the residential desert communities and throughout the Morongo Valley. Services include: remodels, new construction, water heaters, gas lines, pressure regulators, drain cleaning, pipe repairs & line detections, and many more services.
Complete equipment list included: all tools, van and necessary hardware to finish the jobs correctly. Solid financials and clean tax returns. Owner is ready to retire and is willing to stay on as RMO or RME as may be required for buyer’s qualifications.
- Asking Price: $99,000
- Cash Flow: $62,465
- Gross Revenue: $165,070
- EBITDA: N/A
- FF&E: $7,930
- Inventory: N/A
- Inventory Included: Yes
- Established: 1998
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Currently Home Based (Home Based)
Seller will negotiate a transition period
This Business Is Home Based
The company was established in 1998, making the business 24 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. However, the true reason and the one they say to you may be 2 totally different things. As an example, they might say "I have too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current decrease in incomes, or a range of various other reasons. This is why it is really vital that you not depend completely on a seller's word, but instead, use the vendor's solution along with your overall due diligence. This will paint an extra practical image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover things such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that profit margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new clients? Most times, businesses have repeat clients, which develop the core of their daily profits. Certain elements such as new competitors sprouting up around the area, roadway building, as well as personnel turnover can affect repeat consumers and also adversely impact future earnings. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the higher the possibility to develop a returning client base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the local mean house income influence future revenue prospects?