Plumbing/Mechanical Contractors
New Jersey
| Asking Price: | $5,700,000 |
| Gross Revenue: | $8,495,352 |
| FF&E: | $1,404,972 |
| Cash Flow: | $2,006,466 |
| Inventory: | $270,000 |
| Established Year: | 1993 |
Listing ID: 2252774Listing provided by BizBuySell
BUSINESS DESCRIPTION
Highly respected commercial plumbing contractors in business since 1993. Company specializes in sizeable projects of 80,000 sf and larger.
They employ Union Hall plumbers and have a loyal following typically guiding 5 primary foremen as well as 10-15 repeat specialists.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,500
Employees
23
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Main office is a condo in a professional park, also for sale. Condo includes storage for plumbing parts and tools.
Competition
Based in Central New Jersey, this is a mature market full of established competitors. That said, this company has enjoyed a loyal client base who seek out this contractor for the quality of work and attention to detail provided as well as a 2 year warranty on all projects.
Growth & Expansion
The Commercial Plumbing market has rebounded from the lows of Covid-19 Pandemic. The value of Commercial construction is expected to increase at a steady rate due to reduced unemployment and complete economic recovery. Plumbing industry revenue is expected to expand at a CAGR of 1.6% to $137 billion over the next 5 years.
Financing
$627K down/$1MM over 60 mos. @ 8%/Other Financing.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
Owners retiring after starting and growing company for past 37 years.
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