40+ year old Plumbing & Specialty Heating Co. with Real Estate
Eastsound, WA
| Asking Price: | $1,114,000 |
| Gross Revenue: | $1,242,911 |
| EBITDA: | $118,175 |
| Real Estate: | $550,000 |
| Cash Flow: | $298,900 |
| Inventory: | $150,000 |
| FF&E: | $67,000 |
| Established Year: | 1975 |
Listing ID: 2204235Listing provided by BizBuySell
BUSINESS DESCRIPTION
Service demand exceeds capacity
Our client is the oldest, largest and best-known plumbing and specialty heating company on Orcas island, earning a superior reputation for quality and timely work.
With over 40 years experience, they provide all levels of residential and commercial plumbing services for new construction, remodels, and service work.
The company is also known for its expertise in hydronic heating systems, using boilers or air-to-water heat pumps, and is the only on-island specialist for boilers and boiler tune-ups.
DETAILED INFORMATION
Location
Eastsound, WA
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The real estate is located has high visibility on the road between the Orcas ferry landing and Eastsound. There is ample on-site parking and easy access to the warehouse. Retail space was planned for expansion but is presently used as storage. The property is Grandfathered for commercial use and designated for residential use, allowing for a future home site. A home site plan has been completed, including a stormwater plan, water availability and septic design. The Office/warehouse is on septic.
Competition
• The largest of San Juan County's 20-inhabited Islands.
• 57 square miles and referred to as the "Gem" of the San Juan's.
• Access by WA State Ferry, air, seaplane and sea charter services, private plane or watercraft.
• Full-time population of approximately 6,000 (2020 census).
• Popular year-round vacation/retreat location
Growth & Expansion
Demand for plumbing services exceeds existing capacity, often requiring customers to wait an extended period of time for service, or to hire and pay travel time and expense for off island plumbers. In addition, there is currently no known heating and air conditioning (HVAC) resource on Orcas Island.
The Company has done no outbound marketing and has no website or social media presence to support inbound marketing.
Financing
Seller may consider financing a portion of the total selling price.
Support & Training
The selling is willing to assist in transitioning the business to a new owner as needed over 90 days
Reason for Selling
Seller is retiring
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