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Asking Price$490,000
Revenue$902,122 Established2005
Cash Flow$156,841 Employees7 full-time
FF&E$68,444* FranchiseNo
Inventory$20,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This non-union plumbing company is a full service plumbing contractor. This growing business has recently expanded into a new facility with a great location for visibility where they store all of the equipment, tools and the 8 vehicles plus over $20,000 in inventory. With the business’ strong reputation for customer service resulting in frequent word-of-mouth referrals in the community, the employee team has also grown to include 2 Eligible Masters, 3 Apprentices, 1 Journeyman and 1 Shop Team Member. Because of the Seller’s overwhelming popularity, this business is turning away work because they have reached capacity. Adding additional team members can exponentially grow the sales of this business that is on track to increase by 32% in 2016! Adding 3 new full-time employees has allowed the business to continuously grow its client base and provide superior service. Services offered include plumbing repairs, new installations, water heater installation and service, water conditioning and backflow testing. The client base is a fairly even mix of commercial and residential. This growing business has room for additional staff to help cover extra work that is currently being turned away. Seller will finance 15% of the purchase. Using this Funding Example a Buyer could have a Net Operating Income of $77,648 after all expenses and loan payments; with a 158% Return on Investment in the first year on the for the $49,000 down payment. Next Steps For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.

Other Information
Reason for Selling: 2nd Life Chapter
Personnel: 7 (2 Eligible Masters & 3 Apprentices, 1 Journeyman & 1 Shop Team Member)
Hours: Varies
History: 10+ Years in Business
Lease: : 2,300-sqft Shop for $1,600 per Month Including Utilities
Support to Buyer: Seller will provide training and transition support and will finance 15%
Additional Information: Business Information Years in Business: 10+ Service Area: Douglas, Sarpy, Cass and Saunders Counties Client Mix: 50% Commercial and 50% Residential Lease: 2,300-sqft Shop for $1,600 per Month Including Utilities (used to store equipment, vehicles, tools and inventory) Services Offered: Plumbing Repairs, New Installations, Water Heater Installations and Service, Water Conditioning and Backflow Testing Employees: 7 (2 Eligible Masters & 3 Apprentices, 1 Journeyman & 1 Shop Team Member) Hours: Varies Owner Responsibilities: Project Management, Billing, Some Field Work Reason for Selling: Second Life Chapter Growth Opportunities: This business has reached its workload capacity and is turning away work because of their overwhelming popularity. A new Owner could grow the employee team to handle the missed increase in sales. Financial Overview List Price: $490,000 Gross Sales 2015: $902,122 2014: $903,782 2013: $772,490 2012: $547,154 Owner Profit/Cash Flow 2015: $156,841 Multiplier: 3.2 Profit Margin: 17% Valuation: Cash Flow x Multiple = Price $156,841 x 3.2 = $501,891 Assets Included in Purchase: $138,870 Tools and Equipment: $35,706 (Sewer Machine, Sewer Camera, Line Locator) Vehicles: $32,738 (4 Trucks and 4 Service Van, Each crew has own truck fully equipped with all tools) Inventory: $20,500 A/R: $49,926 Intangible: Angie’s List Super Service Award *amounts may vary Funding Example Purchase Price: $490,000 10% Buyer Down Payment: $49,000 15% Seller Financing: $73,500 75% Bank Loan: $367,500 Using this Funding Example a Buyer could have a Net Operating Income of $77,648 after all expenses and loan payments; with a 158% Return on Investment in the first year on the for the $49,000 down payment.
Facilities:2,300-sqft Shop for $1,600 per Month Including Utilities
Growth Potential:This business has reached its workload capacity and is turning away work because of their overwhelming popularity. A new Owner could grow the employee team to handle the missed increase in sales.
Training/Support:90 Days Transition and Support
Seller Financing:15% Seller Financing
Sale Reason:Second Life Chapter
Ad #86062
Seller Reference #SER012
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Contact This Seller
Cortney Sells
The Firm Business Brokerage
402.998.5288
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