5 Star rated Service Plumbing Company in Palm Beach County

West Palm Beach, FL
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Asking Price:$1,500,000
Gross Revenue:$750,000
FF&E:$150,000
Cash Flow:$330,000
Inventory:$30,000
Established Year:2020
BUSINESS DESCRIPTION

Fully-operating plumbing service company with 5 star reviews, accredited with the Better Business Bureau (BBB), and proudly serves 2000+ repeat customers. Owner, 2 service technicians, and 2 apprentice Plumbers in 3 fully stocked lettered vans on the road daily. Our customers include over 20 real estate agents, 3 property management companies, 3 water damage companies, 4 general contractors, 1 shopping plaza, 1 condo complex, multiple out-of-state homeowners with rentals, and Florida homeowners. The company does approx. 95% residential & 5% commercial and has done zero new construction leads come in weekly for new construction the company has not done any due to being busy with residential plumbing service calls, remodels, and repiping of water lines in houses. Proudly serving Palm Beach County and Martin County residential homes. 2024 sales have already surpassed 2023 sales with no advertising, all word of mouth from our faithful customers. Building inspectors praise our work.
Our company does whole house repiping/removing polybutylene, water heaters, tankless water heaters, leak detection, cast iron replacement, toilets, high end faucets, remodels, and gas piping. We typically work Monday through Friday, 8am to 6pm.
The sale of the company would include 3 vans: 2016 promaster, 2021 promaster, and 2023 promaster, fully stocked with GPS location that's paid monthly. Sewer machine (3), small trailer water jetter with 300 ft hose, pipe threading machine, sewer camera, locator, line location device, 2 propress tools and 2 propress hydraulic tools, multiple hammer drills, tankless descale kits, all shelving and bins full of stock in our vans and our shop. Current location of shop is in a building on my property.
If buyer does not currently have a state certified Plumber contractor license, I will stay on as qualifier for a designated period of time. I will introduce you to key contractors, property management companies, condo complex, and warehouses we use to get the best consistent prices.
All vehicles will be paid off and signed over in sale from selling price so buyer starts off debt free. Our websites, Facebook page, social media accounts, etc. will convey over. We proudly sponsor local high school and advertising on their trailers, which have been paid for a 5 year ad placement. We also sponsor local youth sport teams and clubs.
This business is praised often online, by word-of-mouth, and used over and over again by satisfied customers. Buyers can start making money right away with limited billables, as most invoices are pay upon receipt.


DETAILED INFORMATION
Location
West Palm Beach, FL
Inventory
Included in asking price
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Three vehicles, all of the shelving, tools, equipment, material, invoicing program (paid for a year), water jetter, pipe machine, sewer machines (3), sewer camera, sewer line locator, pipe locator, propress tools, thermal imaging camera, pipe, fittings, repair parts, bins, 2 large file cabinets, all code books, all receivables, current customer list, current balance in accounts savings and checking, all logins for building departments, websites, accounts, insurance providers, other misc. items that pertain to the business.
Competition
Plumbing service around Palm Beach and Martin Counties is very busy, few slow periods. From September through end of May, the population more than doubles with residents from other states. June through end of August, most condo residents and homeowners are doing remodels lots of builders need work done in these time frames. Permanent residents call to fix their daily plumbing issues. Home-selling and buying open up more plumbing issues that normally need to get done to sell or buy a house, keeping the phones ringing and service calls coming in.
Growth & Expansion
The right buyer could expand the fleet and take on more customers. The right buyer could take on more commercial jobs or more new construction jobs. Currently the company does about 95% residential & 5% commercial. The housing market is expanding, with new developments are being started in and around the area, more new houses are being built from developers and single home builders, lots of remodeling of current homes as well as additions being built, more commercial buildings and businesses opening. Advertising in key areas could increase the sales.
Support & Training
Training on the invoice system, and phone system (google voice), building department procedures, payroll program and introductions to employees and customers for a designated period determined by seller and buyer upon agreement of sale. If the buyer needs to have the seller be the qualifier for license, the seller and buyer can work out a term limit for such.
Reason for Selling
Family Reasons
Home-Based
This business is Home-Based

BUSINESS LOCATION
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BILL SMITH
BILL SMITH