$10,000,000.00
Asking Price
Address: Dallas, 75041.
Status: Active
Posting ID: 285895
3/29/24
Description
The Company is a premier residential construction plumbing company serving the Dallas-Fort Worth Metropolitan Area with an unwavering dedication to integrity and excellence. Committed to providing exceptional service, the Company ensures timely completion of projects while maintaining the highest standards of craftsmanship.
The business model of the Company revolves around providing plumbing services for new construction in the residential sector, primarily targeting tract and custom homes. Operating with a focus on simplicity and delivering high-quality work, the Company effectively manages overhead costs. The owner, along with his team of superintendents, oversees material orders and ensures top-notch quality in all projects, maintaining the Company's commitment to excellence.
With a remarkable 80.0% client acquisition rate driven by strong relationships, it also has an impressive sales conversion rate of 40.0% from lead to customer achieved without incurring any marketing or sales costs, showcasing an exceptionally efficient customer acquisition model. Currently, it has 7 skilled plumbing supervisors working for 44 building superintendents.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Customers: Over the past five years, the Company has served over 3,500 customers, with 850 of them served within the last 12 months alone. Looking ahead, the Company anticipates serving an additional 300 customers in the next three months. Currently, it services 6 new home builders doing around 1,000 total houses.
Recognition: Renowned for its commitment to both quality and competitive pricing, the Company has garnered positive customer reviews and received the prestigious Newcomer of the Year award.
Competition: While numerous plumbing companies operate within the industry, competitive pricing serves as a significant competitive advantage for the Company, setting them apart and attracting customers in a crowded market.
Growth & Expansion: Led by a seasoned owner, boasting 24 years of licensed plumbing experience and a Master's License for the same, the Company prioritizes efficiency and excellence in operations. With a team holding Journeyman and Tradesman licenses, punctuality and timely task completion are paramount. Rigorous expense management using tools like Microsoft Excel ensures solid profitability.
Despite challenges posed by the COVID-19 pandemic, the plumbing industry showcased resilience, with residential demand driving growth amid decreased commercial activity. The owner’s strategic approach includes maintaining a zero balance with suppliers, ensuring seamless access to products, and fostering strong relationships. Bolstered by a robust customer network, the Company is poised for continued growth and expansion.
Financing: TBD if structure and terms are acceptable.
Support & Training: As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling: The current owners wish to pursue other opportunities.
To get more information about this Plumbing Company - High Gross Profit, High Quality business for sale in Dallas please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285895 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this Plumbing Company - High Gross Profit, High Quality, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.
Contact
Details
Asking Price: $10,000,000.00
Down: Call/Email
Cash Flow: $1,500,000.00
Revenue: $10,200,000.00
Area: Dallas
City: Dallas
Attributes:
My Notes About This Listing
Cash flow
$400,000
Revenue
$1,100,000
Down
Call/Email
Posting: 272547 | Available | 4/26/24
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Total Investment
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Min Liquid Cash
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Net Worth
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Franchise Fee
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Revenue
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Down
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Down
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Down
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Down
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Down
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Down
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Cash flow
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Down
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Cash flow
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Revenue
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Down
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Call/Email
Cash flow
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Revenue
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Down
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Asking Price
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Cash flow
Call/Email
Revenue
Call/Email
Down
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Total Investment
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Min Liquid Cash
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Net Worth
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Franchise Fee
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Cash flow
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Revenue
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Down
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Cash flow
Call/Email
Revenue
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Down
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Cash flow
$127,190
Revenue
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Down
Call/Email
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Asking Price
Call/Email
Cash flow
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Revenue
Call / Email
Down
Cash
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Asking Price
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Cash flow
Call/Email
Revenue
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Down
$79,000
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
N/A
Revenue
N/A
Down
N/A
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Down
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Cash flow
Call/Email
Revenue
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Down
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