Plumbing Contractor $1 MM Net Last 10 Months!

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Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Brea: (714) 987-6147
Fresno: (800) 622-0192
Long Beach: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pasadena: (714) 987-6147
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Stockton: (800) 622-0192

Category:
8396 - Building and Construction

Location:
Northern California - South Bay

Plumbing Contractor $1 MM Net Last 10 Months!

Business Description:

Very profitable commercial piping contractor. Non-union, lots of well-established relationships with general contractors, architects and other referral sources. Owner Retiring after achieving a remarkable turnaround by closing an unprofitable division, downsizing overhead, re-staffing with more effective employees, expanding staff to compete more effectively and forming relationships with stronger general contractors to get better projects. 2017 revenues running at $6 million rate; SDE 10 months ended October $1,033,000. Just signed a new maintenance contract with a well-known global tech company that should generate $1 million itional revenue over the next year and continue to grow beyond that. Business is prequalified for 75% financing with 3 SBA lenders. Asking price of $1.8 MM is just 1.5 x Sellers Discretionary Earnings. Add working capital of $1.2 million and SBA financing will cover $2,250,000 of the $3,000,000 total investment, so $750K down earns you $1.2 million a year.


Asking Price: $1,800,000

Inventory (included):
$0
Real Property Available:
No

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Recast Earnings (Not Verified by Business Team)

10 Months Ended

10/31/2017

$5,304,072
(Sales)

$1,033,408
(Adjusted Cash Flow)

12 Months Ended

12/31/2016

$4,827,051
(Sales)

$495,114
(Adjusted Cash Flow)

12 Months Ended

12/31/2015

$4,420,225
(Sales)

$252,115
(Adjusted Cash Flow)

12 Months Ended

12/31/2014

$4,310,919
(Sales)

$162,113
(Adjusted Cash Flow)

Operations

# of Employees Full Time Part Time
Non-Owners 32 0
Owners 1 0

Hours of Operation
Monday - Friday 7:00 - 3:30

Licenses Required:

  • Business
  • Contractor

Lease

Monthly Rent Including NNN:
$3,048

Expires:
4/30/2020

Option:
No

Size(sq.ft.):
2,450

Miscellaneous

Type of Organization:
C Corp

Reason for Sale:
Retirement

Training:
4 weeks 20 hours

Contact us About this Listing

Your Name
*Your E-Mail Address (Required)
Your Telephone
Business Team Office Nearest You

Call Us:

Brea: (714) 987-6147
Fresno: (800) 622-0192
Long Beach: (714) 987-6147
Los Angeles: (714) 987-6147
Monterey: (831) 372-5888
Pasadena: (714) 987-6147
Pleasant Hill: (925) 609-9100
Rancho Mirage: 800-622-0192
Reno: (775) 825-3948
Sacramento: (916) 678-6777
San Francisco: (415) 227-4411
San Jose: (408) 246-1102
Stockton: (800) 622-0192

Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.