Highly Profitable Plumbing Business
North CarolinaListing DetailsOffice ID: PLUMBING1
Listing Broker: Joe Vagnone
Listing Price: $575,000
Gross Revenue: $1,306,818
Cash Flow: $230,749
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will consider some financing to the right qualified buyer.
Reason for Sale:Seller wishes to pursue other business interests.
Training:Seller will train a new owner - length of time and salary are negotiable.
OperationsYear Established: 2016
Form of Ownership: S Corp
Employees (full-time): 6
Business Hours: 24/7 and Emergencies
In operation since 2016, this highly profitable and COVID resistant business has experienced steady growth every year of its operation. The owner has grown from about $133,000 in revenue the first year, to approximately $1.3M in 2020. With well-maintained equipment and highly skilled personnel, this efficiently operated business is equipped to handle both residential and commercial plumbing to meet the 24/7 needs of the its customers, servicing approximately 2,600 in 2020. Advantages:
Historical Summary:Seller obtained this business in 2016 and has grown the operation from $133K in revenues the first year to $1.3MM in revenues in 2020.
Business skills, leadership skills, marketing and management. Current owner does not do any work in the field. Knowledge of plumbing is certainly a plus.
Competition:With many competitors in the market area, this business competes on the basis of better service and quality. Although competitive, offers the same level of pricing.
Potential Growth:With an influx of 28,000 persons being added to the market area annually, this essential services business has unlimited growth potential.
LocationType of Location: Commercial Center
Lease Expires: Jun 1, 2022
Monthly Rent: $1,500
Square Footage: 1500
This business currently operates in a business park, renting office and warehouse space. 1,500 SF, 50%% office, and 50%% warehouse.
Franchise Renewal Date: Sep 1, 2026
Royalty %: 7%
Other Fees: $2,500
Franchise Transfer Fee: $5
--Paid By: Buyer
Last Updated: Apr 26, 2021 / 3:20 PM
Financial Information Current As Of: Apr 23, 2021 / 2:28 PM