Plumbing & Heating, Strong Management! Westchester County, NY

Westchester County, NY
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Asking Price:$3,500,000
Gross Revenue:$3,660,000
FF&E:$175,000
Cash Flow:$750,000
Inventory:$50,000
Established Year:1963
BUSINESS DESCRIPTION

Highly reputable, Second Generation Plumbing and Heating, Sewage and Drain Cleaning Company in business since 1963 servicing Westchester, Putnam, Dutchess Counties and surrounding areas with ability to service NYC. (No HVAC w/ big opportunity to add on). This is a multifaceted business serving larger scale new construction projects going out a few years, has contracts with municipalities in Westchester County for Schools and Municipal plumbing needs, along with highly profitable residential work. No limit to increasing revenues as there is a tremendous shortage for reputable plumbers and huge demand in the service areas. The business has strong assets including company vehicles, all the tools of the trade, sewer line jetting equipment along with Key Managers, admin staff, and very well-trained plumbers and helpers.

$10 Mil+ in the pipeline for the next 24+ months (and growing)
30+ employees with strong management
Owner's weekly hours 10 +/- (semi absentee and remotely run)


DETAILED INFORMATION
Location
Westchester County, NY
Inventory
Not Included in asking price
Building SF
2,000
Employees
30
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
2,000 sq/ft building + 2,000 sq/ft basement - Business needs to relocate by Sept 2025.
Competition
Huge growth potential with constant demand in the counties north of NYC. Business is highly rated and has a reputation for quality and reliability
Growth & Expansion
Many new constructions projects available as well as big growth in residential work for Westchester County and surrounding areas. Seller's focus for growth is on both new construction and residential business in Westchester, Putnam, and Dutchess counties primarily.
Support & Training
Will provide, Key managers and office administrator in place. Owner runs business remotely from Florida.
Reason for Selling
Retirement, but is seeking to stay on for a longer-term transition and can help
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Paul
Vassallo
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Paul Vassallo