Business Overview

***Confidential listing, not in indicated county***
This northern New England Plumbing & Heating Company has been around for 85 years and has built both a solid reputation and strong customer base.

Their professionals design, build and manage plumbing, heating, gas and electrical projects throughout their region. They also carry an assortment of the largest brand names, including American Standard, Grohe, Burnham, PurePro, Toto, Rinnai, Kohler and Mohen.

In addition to plumbing and heating products, the company also carries full shower units, toilets, sinks and water heaters.

Plumbing and heating services include remodeling of kitchens and baths, water testing, drainage inspection, root clearing, well water service, radiant heat installation, gas & oil furnace installation.

Electrical services include complete service installation, generator installation & service, full house wiring and smoke/CO detector installation.

The real estate includes the showroom and offices, plus:

3 beds, 2 bath, 2,400 sf rental.
2 beds, 1 bath, 1,040 sf rental
3 story heated garage
7/8th acre plot.

Financial

  • Asking Price: $305,000
  • Cash Flow: N/A
  • Gross Revenue: $1,170,000
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: $12,000
  • Inventory Included: Yes
  • Established: 1936

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The real estate includes the showroom and offices, plus: 3 beds, 2 bath, 2,400 sf rental. 2 beds, 1 bath, 1,040 sf rental 3 story heated garage 7/8th acre plot.

Is Support & Training Included:

Seller will assist

Purpose For Selling:

Retirment

Additional Info

The venture was founded in 1936, making the business 86 years old.
The transaction will include inventory valued at $12,000, which is included in the asking price.

The company has 5ft employees and is situated in a building with disclosed square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell operating businesses. Nonetheless, the true factor vs the one they tell you might be 2 completely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competition, current reduction in earnings, or an array of various other reasons. This is why it is extremely vital that you not rely entirely on a vendor's word, however rather, make use of the seller's answer combined with your general due diligence. This will repaint an extra practical image of the business's existing scenario.

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 businesses take out loans in order to cover points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that profit margins are too small. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be met or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract brand-new customers? Many times, operating businesses have repeat clients, which create the core of their everyday revenues. Particular elements such as new competition sprouting up around the location, roadway building and construction, and also staff turn over can influence repeat customers as well as negatively impact future earnings. One vital point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business often, the greater the chance to build a returning consumer base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? How might the neighborhood average home income influence future revenue potential?