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Profitable Plumbing & Heating Contractor

This long established plumbing and heating contractor provides plumbing and hot water heating installation, service, and parts largely to the residential market. Besides contract work, the company has a small retail store that offers a variety of plumbing and heating products.

The business was started in 1954 and was purchased by the two existing owners / operators in 1972. Revenues have been consistently $1.2 million per year and the company has been profitable for the life of the business with the existing owners.

At the wishes of the owners, the company has remained at the same level of profitability and sales for the last number of years. This is a stable profitable company offering services in a market where demand exceeds supply. With a new entrepreneur owner that has the drive and energy will quickly take the company to the next level. It also would be a good fit for someone or company in a similar line or complementary line of business today.
A new owner with the assistance of some automation will be able to bring much greater efficiencies to the business and achieve a greater degree of profitability. If the new owner is in a similar line of work today, there are a number of options to operate more effectively as well..

The owners are asking $570,000 for the business which includes inventory, account receivable, store operations, vehicles, office furniture and equipment. The owners wish it to be a share sale. The company has no debt or long term obligations. There is significant amount of flexibility the structure of the transaction. The owners are open to looking at various options on the property as well as some form of seller financing. The two owners are also willing to stay on for a specific period of time to ensure the transition of the business is a successful one.