Business Overview
About the Company
A very unique plumbing company that specifically works
with general contractors and land developers who are
neighborhood production builders. There is work in
progress of over $59 million dollars, plus a strong
backlog. This non-union plumbing company has 98
employees on staff, including 8 in leadership and
administration roles, with the other 90 as plumbers and
field technicians. The client is never the end user or a
home owner, it is 100% B2B. Also, this business does
not provide any service or maintenance work, though
that could be a great growth opportunity. The business
services a 60-mile radius around Sacramento, California
with 6 top annually repeating clients. Included in the
purchase is working capital of $1M, along with $1.6M in
equipment, vehicles, and improvements. The owner is
selling due to age and retirement, though they owner is
passive already, providing only light oversight as
needed and providing payroll. Their position would not
need to have any replacement.
Priced at $12,500,000, a 10% down payment of
$1,250,000 will return $1,338,637 in the first year after
debt payments. This shows a huge return on
investment! The owner is also willing to hold 15% of the
price as either a seller carry or equity roll, or a
combination thereof, showing a vested interest in the
ongoing success of the company after closing. There
are several growth opportunities, including expanding
into service & maintenance work, and targeting more
apartment complexes for commercial projects. This
presents an opportunity for potential buyers who are
interested in acquiring an established plumbing
business with an incredible team on board and that
shows significant growth potential.
