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$1.6M sales, $361k cash flow, Plumbing Biz, Whatcom County, WA

Whatcom County, WA, USA
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Businesses For Sale | Waste Management & Recycling Companies For Sale

Listing ID : 2430516

Listed On October 10, 2024 View Count 11

Listing Updated October 22, 2024

Price :
$1,075,000
Business Overview :
Gross Revenue:
$1,601,000
Cash Flow:
$361,000
Year Established:
1987
Number of Employees:
8
Inventory Included:
No
Accounts Receivable Included:
No
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Estimated Value of FF&E:
$253,000
Outstanding Liabilities & Debts:
No
License Included:
No
License Type:
n/a
Business Location Details :
Business Location:
Leased
Rent:
$4,262
Lease Expiration:
n/a
Facility & Tenant Improvements:
$253k est. FMV, includes $65k equipment & tooling + 9 vehicles (est FMV $188k); all debt free and included in transaction price
Property Details :
Terms :
Financing:
Cash, SBA, Seller Financing, Lender Pre-Qualified
NDA Required:
Yes
Broker Co-Op:
No
Support & Training Offered:
Transition Period and/or Training - seller amenable to providing the required training to a new owner to the extent that it is necessary based on their background; this can likely be achieved in 30 - 60 days
Reason for Selling:
Owners ready to retire
Company Overview :
Franchise Overview :
Description :

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****

NDA Registration

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:

NDA Registration

After your NDA has been reviewed more information will be released!

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License:21000912

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