$425,000.00
Asking Price
Status: Active
Posting ID: 286059
4/9/24
Description
In the mid 90's, the founder built a shop and office at his home in which he began operating business. Over the years, he developed long-standing relationships with General Contractors, Property Managers and other business owners in San Diego County. They came to know the company as a reliable, fair, and honest plumbing contractor who always stood behind their work.
In 2017, the founder took in a partner to help with the plumbing business. From 2018-2022 they worked diligently in the plumbing field, servicing many commercial accounts with excellent customer service and integrity in a prompt and professional manner. The stall grew from the two partners by adding a full-time apprentice, part-time helper, and part-time office administrator. During this time, 2019-2022, the company’s average sales were over $1 million…then in 2022, they began telling clients the company was soon going to focus on backflow services and no longer take on larger plumbing projects. By the end of 2022 the company staff was reduced to the two partners and a part-time administrator (the admin. worked 8-10 hours/week).
The reason for the cut-back was for the founder to start scaling back and plan for retirement, and the partner would pursue other interests after his partners retirement. Sales in 2023 dropped considerably which was directly related to only the Founder doing most of the field work so many jobs were turned down. The company maintained an excellent reputation in the area and still receives many requests for their services. Clients continue to contact the company wanting them to perform work or request referrals. About half of the 2023 sales were from backflow testing…the other half was fromsmall piping jobs, plumbing service and repair.
The partners truly believe sales could reach $1-2 million per year by hiring more staff, contacting the existing client base, and offering the same quality plumbing services prior to 2023. They have not focused on this because of the retirement plans and other interests.
Other Notes/Comments
1- The company performs an average of 635 backflow tests/year in the last three years.
2- Sales on backflow testing, repair and installation in 2023 were about $300K.
3- The company has never done any paid advertising. Nearly all work in the past five years has come from referrals.
4- When combined with other plumbing services, backflow service is a significant asset that allows a plumbing company access to hundreds of clients.
To get more information about this Plumbing And Testing Company - High Potential business for sale in San Diego County please phone Allen Cox (Intermediary, Broker - BRE License #:01297408) at 707-804-7228 Cell and 707-804-7228 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286059 on BizBen.com. In addition to phoning Allen Cox, make sure you email Allen Cox above to get more info about this Plumbing And Testing Company - High Potential, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01253061. Santa Rosa Business And Commercial.
Contact
Details
Asking Price: $425,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: Call/Email
Area: San Diego County
City: None Given
Attributes:
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