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Asking Price$5,450,000
Revenue$9,267,000 Established1986
Cash Flow$1,435,374 Employees70 full-time
FF&EUndisclosed FranchiseNo
Inventory$500,000* RelocatableNo
Real Estate$1,450,000 Home-basedNo
* Included in Asking Price
This plumbing company started over thirty years ago and has been providing a wide range of plumbing services to this California Central Valley market and surrounding areas since that time. The current focus is on new construction plumbing for national, regional and local production homebuilders. They continue to offer traditional plumbing services through their customer service division as time and resources permit..

Business attributes include:

--a reputation for being the best plumbing service contractor for the production homebuilder industry and  consistently the number one choice in the market.

--they have a dedicated and experienced team that delivers the highest quality, and consistently on time to meet their clients' needs

--notwithstanding their focus on on production homebuilders, they continue to offer a customer care and service department with an experienced staff to meet general consumer needs and requests.

Facility: 12,000 square feet made up of approximately 3,375 of office space for management and administration with the remainder in warehouse and shop finish

Rent and lease terms: 12,000 square feet at 1.00 per square foot which includes office space and warehouse with multiple roll up doors and fully secured and paved yard. Lease terms to be negotiated with Seller. The real estate is also available for purchase at an additional $1,450,000.(optional).

Employees: A staff of approximately 70 employees that includes over 50 plumbers and apprentices, 7 warehouse, prefab and customer service reps, and an admin staff of 11

Equipment: All the direct operational furniture, fixtures and equipment is included in the purchase of the business. The fleet includes 27 fully outfitted trucks for "rough-in", "top-out", and "set finish" field work as well as other field vehicles, customer care vans and trailers.

Inventory: Approximately $500,000 in inventory on a rolling basis, including several components for new construction, for both active and future projects..

Required Licenses: Business, Contractor
Competition:More extensive market information is available with a submitted NDA, but this market continues to grow and diversify. The area is known for one of the most diversified economies, with a wide mix of industry clusters that include oil and gas, aerospace and defense, agriculture, and healthcare. The population is expanding with significant forecasted growth of jobs and population. With more that 40 million consumers within a 4-hour truck drive, it is in the center of California's population. With some of the most affordable housing in the West, employees enjoy one of the best wage-to-living standard ratio in the 13 Western states. Additional market information is provided in the Confidential Business Review available upon receipt of the Non Disclosure Agreement.
Growth Potential:The business can continue to expand both in service lines and customer base. The primary marketing/sales plan is based on repeat and referral business without any active marketing. A sales plan for growth could include expanding the current market share of new construction plumbing, as current workload is at capacity and business is being turned away. A tremendous opportunity exists by extending related service offerings to the existing client base with fire sprinklers and HVAC. And although it is a different competitive area, the customer service department could be greatly expanded as well.
Training/Support:The Sellers are sincerely vested in the continued success of their business, financially, relationships with clients and vendors, as well as the excellent reputation in the community. The Sellers are willing to commit to the following transition schedule: First three (3) months (post-closing of escrow), each month the owner(s) will provide training/coordination as follows. 40 hours per week for the first two weeks of each month on-site and 25 hours per week for the second two weeks of each month, remote. After 3 months, terms and conditions of additional assistance and support to be determined.
Seller Financing:This business will qualify for SBA financing on a case by case basis for qualified buyers.
Sale Reason:Retirement & Relocation out of state
Ad #133935
Seller Reference #BAKERCA001-N985
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Contact This Seller
Patrick Collins
(661) 323-2358
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