Dec '24 • General discussion
I found an interesting business for sale in the plumbing & HVAC services sector! 🛠️
This company has a stellar reputation and a strong customer base. Great for anyone looking to expand in a high-demand market. Here’s the breakdown: 🧵👇
🔧 Specialties: ➡️ Plumbing system design & installation ➡️ Heating services (oil & gas) ➡️ Water heater repairs & installs ➡️ Bathroom/kitchen renovations
24/7 emergency services ensure repeat biz 🔄✅
🌟 Reputation:
- 80% of work from repeat customers 📈
- High customer satisfaction for quality & efficiency
- No need for active marketing (yet!) – biz thrives on referrals 👏
📍 Location:
- Based in CT, servicing residential & commercial clients 🏠🏢
- High demand, low competition due to plumber shortage
- Room to scale operations or expand service areas 📍🚀
📊 Financials:
- Asking Price: $1.25M + $235K inventory 💰
- 2024 TTM Revenue: ~$1.4M
- SDE: $307K (22% margin!) ✅
- Profit margins beat industry avg (22% vs 3.9%) 💪
🏆 Assets & Operations:
- 6 full-time employees, well-stocked trucks 🚚🛠️
- Equipment & inventory valued at ~$212K
- Streamlined operations; jobs often completed on 1st visit 🔄
🚀 Growth Opportunities:
- Update pricing to match rising material costs 📈
- Introduce service contracts for recurring revenue 💸🔄
- Invest in web marketing & sales outreach 🌐📢
Plenty of low-hanging fruit for a buyer! 🍇
🏡 Reason for Selling: Owner ready to transition but willing to stay on 2-5 years for a smooth handover 🤝
Interested in more details? Comment “plumbing” below or DM me to discuss this and other exciting opportunities!
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I found an interesting business for sale in the plumbing & HVAC services sector! 🛠️
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