Listing ID : 2430516
Broker ID : 21000912
Listed On October 10, 2024 67
Listing Updated October 22, 2024
Listing Highlights :
50+ years in business, Tenured, Licensed Plumbers & Apprentices, Solid 2024 YTD
This plumbing business does it RIGHT. The online reputation, many years in operation, and tenured team all contribute to this humming business.
It is growing, cash flowing, and the sellers are ready to retire.
$1,601,000 – 2023 revenue (+3%)
$1,553,000 – 2022 revenue (+13%)
$1,374,000 – 2021 revenue
Strong, growing cash flow – in 2023 business generated $361,000 in SDE (cash flow to owner).
Priced appropriately at 3.0x SDE
****For more info, complete an NDA****
Strong cash flows – business generated $361k in SDE on $1.6M in Sales, 23% of each sales $ = cash flow to owner
Outstanding Reputation – 100+ reviews and 4.5+ stars across several popular social platforms. The reviews speak for themself, submit an NDA and you will see what we mean
Evergreen Customer Demand – regardless of what is going on in the economy or world, rest assured that plumbing needs arise. When they occur, they must be dealt with. Increasing housing values and population density in Washington trend in one direction only – favorable for this business
Growth Levers – number of obvious marketing, sales, and operations levers for new owners to execute on and continue growing the business; more detail provided in confidential marketing documents after you submit an NDA
Employees – 8 (5 FT + 3 PT) + 2 owners
9 Vehicles + Equipment in Excellent Condition – $253k est. FMV, includes $65k equipment & tooling + 9 vehicles (est FMV $188k); all debt free and included in transaction price
Reason for sale – owners ready to retire
Seller Financing available – provided buyer is financially qualified, seller open to financing up to 10% of transaction price at a market-rate interest rate. Note strong seller preference for an all-cash transaction
To receive confidential marketing materials with much more detail on the opportunity, complete an NDA here:
After your NDA has been reviewed more information will be released!
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