Looking for a buyer.
The seller of this plumbing and piping company is looking for a strategic partner to grow the business further than he currently is capable of and is planning to stay on with the business for 2-3 years to assist in this anticipated growth and ensure a smooth take over. The business has a client base made up of 80% repeat customers in a variety of industries including industrial, healthcare, and municipal clients! 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! The master plumbing license is not held by current ownership and is held by an employee. This business is primed for new ownership to not only enjoy the current $1,000,000 in backlog so far this year, and $600,000 of new projects in their sales pipeline to be bid on, but also to take their established reputation, skilled staff, and. Priced at $1,190,000 the purchase of this company includes all of the assets that new ownership will need to continue and grow the current business operation. This includes vehicles, equipment, tools, trailer, and a working capital of $150,934 which, altogether, add up to be valued at $491,522. With their exponentially high rate of return clients, an added marketing or advertising campaign could be expected to result in ongoing dividends of returning clients for years to come. A well-planned hiring campaign to bring in more laborers offers another path of 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 both in the amount of space currently leased and in the opportunities that a buyer could easily take advantage of to see an ongoing development.

listing type
exclusive representation
Detroit, Michigan
proposed price
owner financing
working capital
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