I found an interesting business for sale in the plumbing & HVAC services sector! π οΈ
This company has a stellar reputation and a strong customer base. Great for anyone looking to expand in a high-demand market. Hereβs the breakdown: π§΅π π§ Specialties: β‘οΈ Plumbing system design & installation β‘οΈ Heating services (oil & gas) β‘οΈ Water heater repairs & installs β‘οΈ Bathroom/kitchen renovations 24/7 emergency services ensure repeat biz πβ
π Reputation: - 80% of work from repeat customers π - High customer satisfaction for quality & efficiency - No need for active marketing (yet!) β biz thrives on referrals π π Location: - Based in CT, servicing residential & commercial clients π π’ - High demand, low competition due to plumber shortage - Room to scale operations or expand service areas ππ π Financials: - Asking Price: $1.25M + $235K inventory π° - 2024 TTM Revenue: ~$1.4M - SDE: $307K (22% margin!) β
- Profit margins beat industry avg (22% vs 3.9%) πͺ π Assets & Operations: - 6 full-time employees, well-stocked trucks ππ οΈ - Equipment & inventory valued at ~$212K - Streamlined operations; jobs often completed on 1st visit π π Growth Opportunities: - Update pricing to match rising material costs π - Introduce service contracts for recurring revenue πΈπ - Invest in web marketing & sales outreach ππ’ Plenty of low-hanging fruit for a buyer! π π‘ Reason for Selling: Owner ready to transition but willing to stay on 2-5 years for a smooth handover π€ Interested in more details? Comment βplumbingβ below or DM me to discuss this and other exciting opportunities!