Plumbing Contractor New Residential Construction Division

St Lucie County, FL
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Asking Price:$1,699,000
Gross Revenue:$1,580,429
FF&E:$229,700
Cash Flow:$589,056
Inventory:$30,000
Established Year:2020
BUSINESS DESCRIPTION

Specializing in Cutting-Edge Plumbing Solutions for Residences

Established plumbing contractor division specializing in new residential construction in St. Lucie County. Third Party SBA lender pre-approved with only $277k down. They are a preferred plumbing sub-contractor to some of the largest builders in the country. There is no down time, jobs are constant and year-around with a good pipeline of work in place. The company has grown organically over the years with excellent margins. The growth potential is unbelievable as the builders are wanting them to expand into Brevard and Indian River counties where residential construction is expanding rapidly.

The staff consist of a project manager, shop manager, scheduler and 4 construction crews. The estimated equipment value is approximately $229k and consist of 6 vans, 2 pick-up trucks, 2 excavator backhoes, trailers all the necessary equipment and tools and $30,000 of inventory/supplies is included on the price. $95k of working capital included in the financing package. Please refer to listing #6401-757583, Agent Max Crescenzi when inquiring about this listing. Thank you!


DETAILED INFORMATION
Location
St Lucie County, FL
Inventory
Included in asking price
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Business Location is: Leased Type of Location: Industrial Facilities: Office/Warehouse Monthly Rent: $1,870.00 Square Units (Foot, Meter): 2,500 Lease Expiration Date: December 17, 2024, 12:00:00 AM Terms Options: Annual Renewals
Financing
Other Financing Amount $1,480,300.00 Other Financing Interest 11.5% Other Financing T
Support & Training
Will train for 3 weeks @ no cost
Reason for Selling
Downsizing
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Max
Crescenzi
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Max Crescenzi