***In Contract***LA County Plumbing Company

Exceptional plumbing service company with $3.2 million sales, $625,292 Discretionary Earnings, offered for acquisition at $2.1M with SBA financing available for qualified buyers.  The business is pre-approved for 10% down with SBA financing for qualified buyers.

The company’s primary focus is residential plumbing services and custom new home construction. The company has had steady growth, and the owner-seller has built a company with a team of 18 employees including an officer manager & assistants, project manager, and plumbers. The company has a reputation for excellent workmanship.

There are substantial opportunities for growth as the company does no advertising and does not have a marketing campaign.  There are also opportunities for growth through marketing additional services the company offers but does not advertise.

Summary

• Offered at $2.1 Million
• $3.2 million Sales 2023
• $625,292 Discretionary Earnings 2023
• $500,292 EBITDA 2023
• 18 W2 employees

Services

• Residential Plumbing Service/Repair
• Commercial Ti’s
• Custom New Home Construction
• PEX Re-pipping
• Tankless Water heaters

Buyer Skills and Requirements:

The owner is actively running this business and the buyer will have to be willing and capable of learning to run the business.  While the buyer does not necessarily have to be a trained plumber, they must be willing and capable of learning the technical aspects of this business.  This is not a passive-owner business.

The owner has a C36 Plumbing Contractor License and will act as the RMO (Responsible Managing Officer) for the buyer for up to 12 months (maximum allowed by SBA).  The buyer will have to obtain their C36 license.  The Seller will provide training for 4 weeks/40 hours per week and in addition, will provide limited consulting as negotiated after the initial training period.

Reason for Selling:

The owner is retiring after 25+ years of actively running the business.

Inquiries from principals only