- Asking Price: $3,250,000
- Gross Income: $5,562,262
- Cash Flow: $871,673
- FF&E: $600,000
- Inventory: $90,000
- Employees: 40+
- Established: 1979
- Real Estate: Available for $1,500,000
Listing ID Number: BBF-898100270
Business Description
This is a very well-respected and renowned plumbing business with a fantastic reputation, providing residential install, new construction, remodeling and re-piping services to south west Florida for 40 years. Clients include custom homebuilders, local builders and commercial/retail customers. They hold a dominant position and very strong presence in their respective markets, however there are also many opportunities to develop the business statewide. A track record of very strong and sustained growth (six-year sales CAGR of 17.3%) with excellent historical financial records make this a solid and attractive investment to a savvy business investor-owner or existing plumbing business looking to consolidate, add value and grow further.
Detailed Information
Inventory: Included in asking price.
Real Estate: Leased.
Furniture, Fixtures, & Equipment (FF&E): Included in asking price.
Facilities: Office, showroom/design center, warehouse and workshop space with secure parking for the company’s vans, trucks and other equipment.
Growth & Expansion: New home sales are increasing at fastest pace since 2006, and re-modelling in the luxury real estate market is becoming more popular due to a lack of suitable inventory. The business is located close to a busy highway and is well-placed to exploit the expanding market in the area. Future infrastructure and economic development in SW Florida is strengthening, and the business model can be taken into neighboring territories to add expanding revenue streams.
Financing: Negotiable, to a qualified buyer.
Support & Training: The owner will assist the buyer during a four-week transition after closing of the transaction to ensure continued success. The owner is also willing to discuss arrangements for a longer-term consultancy should the buyer require additional assistance. Key employee in place with plumbing license credentials.
Reason for Selling: Retirement.