I found an interesting business for sale in the plumbing & HVAC services sector! ๐ ๏ธ
This company has a stellar reputation and a strong customer base. Great for anyone looking to expand in a high-demand market. Hereโs the breakdown: ๐งต๐ ๐ง Specialties: โก๏ธ Plumbing system design & installation โก๏ธ Heating services (oil & gas) โก๏ธ Water heater repairs & installs โก๏ธ Bathroom/kitchen renovations 24/7 emergency services ensure repeat biz ๐โ
๐ Reputation: - 80% of work from repeat customers ๐ - High customer satisfaction for quality & efficiency - No need for active marketing (yet!) โ biz thrives on referrals ๐ ๐ Location: - Based in CT, servicing residential & commercial clients ๐ ๐ข - High demand, low competition due to plumber shortage - Room to scale operations or expand service areas ๐๐ ๐ Financials: - Asking Price: $1.25M + $235K inventory ๐ฐ - 2024 TTM Revenue: ~$1.4M - SDE: $307K (22% margin!) โ
- Profit margins beat industry avg (22% vs 3.9%) ๐ช ๐ Assets & Operations: - 6 full-time employees, well-stocked trucks ๐๐ ๏ธ - Equipment & inventory valued at ~$212K - Streamlined operations; jobs often completed on 1st visit ๐ ๐ Growth Opportunities: - Update pricing to match rising material costs ๐ - Introduce service contracts for recurring revenue ๐ธ๐ - Invest in web marketing & sales outreach ๐๐ข Plenty of low-hanging fruit for a buyer! ๐ ๐ก Reason for Selling: Owner ready to transition but willing to stay on 2-5 years for a smooth handover ๐ค Interested in more details? Comment โplumbingโ below or DM me to discuss this and other exciting opportunities!