Commercial Plumbing 26 Years – Sell Price Under 2X Earnings #1844

Details

1844 Commercial Plumbing

Asking Price:
$800,000
Annual Sales:
$2,670,000
SDE:
$538,000
Inventory: Included
FF&E: $300,000
Real Estate: N/A
Employees: 2 FT Owners
12 FT
Location: Denver
Reason For Sale: Retirement

 

Business Description

Denver Commercial Plumbing Company:

  • 26 Year-Old Business
  • Recurring Clients – No Advertising Needed
  • New Construction – Very Clean Work
  • Job Size – $60K to $100K – Quick Turnaround
  • Job Types – Banks, Dental, Government, Retail, Restaurants
  • Dedicated And Seasoned Staff
  • Trucks, Tools, And Supplies Included
  • Owner Retiring, But Will Help Buyer With Quotes And Sales

The Company has many long-term clients that don’t shop them out. Small remodel and tenant finish work has sustained them through many recessions. Because the jobs are not very large, they generally only last a few weeks and are paid timely. Because finding a good plumber is so hard, the General Contractors and Tenant Improvement Contractors just stay with the companies they already have relationships with.

The company can easily expand. It does not advertise for work; it does not have a website. Service work is not chased but can be easily obtained as the demand for it is very high and providers are hard to find.

Seller will provide training and support over 30 day period. Seller will provide additional, long-term support and quoting/sales assistance for negotiated compensation over the next 1-2 years, but only part-time. Seller will consider providing his license to the business for an additional fee.

The business is now housed in Seller’s building. It will have be moved as Seller does not want to lease or sell the property. Can be a home operated business.

Represented by Bill Scott. Tell me more about this business.


Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.
2019-01-03T07:58:15+00:00December 23rd, 2018|Businesses For Sale|