Looking for a buyer.
This plumbing and piping company has a client base made up of 80% repeat customers! Based in Detroit, Michigan, this well established business is centrally located between Ann Arbor, Flint, Detroit, and Toledo. Services that are offered include plumbing (which makes up 75% of service base) and pipe-fitting (25% of service area). The company comes with a well established team of 11 including 7 field technicians, 2 estimators, 1 bookkeeper, and 1 admin. Current ownership is active in the business overseeing estimates, and only has to visit job sites once a week! They have offered a transition period of up to 3 years to ensure a smooth transition and to provide all information and skills needed for new ownership to enjoy further growth. The master plumbing license is not held by current ownership and is held by an employee. They already have $1,000,000 in backlog so far this year, and bidding on $600,000 of new projects in their sales pipeline. Priced at 1,190,000 the company includes vehicles, equipment, tools, trailer, and a working capital of $150,934 assets turn out to be $491,522. There is a multiple of 3.4 and a 15% seller financing at $178,500. They have a diverse client range of Industrial, Healthcare, Municipal, and Commercial Industries. With their high rate of return clients, this additional marketing or advertising campaign could result in ongoing dividends of returning clients for years to come. A well-planned hiring campaign to bring in more laborers offers another path to growth. The team works out of 5,000 sq. ft. building with 3,500 sq. ft. dedicated to the shop, and 1,500 sq. ft. to the office for $2,250 per month. There is plenty of room to expand operations and bring in more laborers.
Detroit, MI, USA
Detroit, MI, USA
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