Price Lowered to $285,000 -buy established residential plumbing co.

McHenry County, IL

Seller Financing Available

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Asking Price:$285,000
Gross Revenue:$620,000
FF&E:$130,000
Cash Flow:$125,000
Rent:$1,802/Month
Established Year:2006
BUSINESS DESCRIPTION

This listing has an accepted offer. At this time, we are not scheduling additional NDAs and is on hold from new parties considering a purchase. Price just lowered to $285,000... Great opportunity to purchase a residential plumbing company located in McHenry County IL. Priced right to sell. They have been serving the Lake and McHenry County Suburbs for the past 18 years. Company is turnkey ready for a new owner. Open M-F and can-do emergency work. You must be a licensed plumber to own this. Owner is willing to stay on to assist in the transition. 7 full time employees that includes support staff and 2 plumbing apprentices. 1 part time office worker.

Nice well maintained equipment and vehicles come with this purchase:
2004 General 2200 Jet Rodder $2,500
2007 Rigid 1500 Rodder $2,500
2014 Trojan Pony – Rodder $3,500
2018 Mini C-Snake Locator and Monitor $7,837
2019 Milwaukee Sectional $2,000
(2) 2017 12V Milwaukee Copper Pro-press (½”-1”) $1,500 each
2017 18V Milwaukee Copper Pro-press (½”-2”) $2,500
2005 Spartan 100 Kitchen Rodder $1,000
2022 18V Milwaukee Kitchen Rodder $600
Ridgid Kitchen Rodder $500
3- Pistol Sink Rodder ~$100 each
2-12V battery powered closet augers ~$100 each
Multiple 12V Milwaukee power tools ~$1500 total
Multiple Hand tools on truck ~$1800 total
Inventory on trucks not accounted for on inventory list ~$15,000

Vehicle 2: 2019 DODGE Ram Promaster 2500 (Approx. 40,000-50,000 miles)
$24,000
Vehicle 3: 2023 DODGE Ram Promaster 2500 (Approx. 5000 miles)
$42,000
Vehicle 4: 2019 DODGE RAM Promaster 2500 (Approx. 40,000-50,000 miles


DETAILED INFORMATION
Location
McHenry County, IL
Inventory
Not Included in asking price
Real Estate
Leased
Lease Expiration
30/08/2026
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Leased Facility with 8 employees. 2004 General 2200 Jet Rodder $2,500 2007 Rigid 1500 Rodder $2,500 2014 Trojan Pony – Rodder $3,500 2018 Mini C-Snake Locator and Monitor $7,837 2019 Milwaukee Sectional $2,000 (2) 2017 12V Milwaukee Copper Pro-press (½”-1”) $1,500 each 2017 18V Milwaukee Copper Pro-press (½”-2”) $2,500 2005 Spartan 100 Kitchen Rodder $1,000 2022 18V Milwaukee Kitchen Rodder $600 Ridgid Kitchen Rodder $500 3- Pistol Sink Rodder ~$100 each 2-12V battery powered closet augers ~$100 each Multiple 12V Milwaukee power tools ~$1500 total
Competition
Plenty of room for growth. Company has a good reputation. Plenty of local competition.
Growth & Expansion
You can expand hours and crew. They are open M--F and for emergencies.
Financing
up to 10% of purchase price subject to owner approval
Support & Training
30 days at no cost. Owner can stay on at going wage if need longer. Depending on the situation and income. Subject to owner approval.
Reason for Selling
Health Reasons
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George
Gianares
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George Gianares