Strong Profits for New England Plumbing & Heating! (38001)
| Asking Price: | $600,000 |
| Gross Revenue: | $554,955 |
| EBITDA: | $119,000 |
| Established Year: | 1987 |
| Cash Flow: | $190,794 |
| Inventory: | $2,000 |
| FF&E: | $125,000 |
Established plumbing, heating and gas piping provider keeps Gross Profit Ratios above 45%! Serving Western Massachusetts over 3 decades!
Top markets as follows: 80% Residential work, 20% for Commercial projects such as hotels, restaurants, and dentistry.
Consistent high ratios can be attributed in part to a proprietary Flat Rate pricing system. Developed by the owner for the local market it has greatly improved profits for over 1,100 job tasks!
Historically reaching sales around $800K, the current owner has slowed things down leading Revenues for 2023 at $554,955 alongside Discretionary Earnings of $190,794, EBITDA of $119K.
Quick turnaround possible with low-capital investments.
Keeping a primary focus on maintenance services, potentials for growth exist in new construction projects along the region.
Advantageous proximity to Connecticut border can expand the service radius as repeat customers and loyal referrals maintain revenue streams.
As a home-based operation, there is a leased 1,500-square foot garage with 4-bays used to store equipment.
Family-friendly! This suburban area offers restaurants, cafes, recreation, many young professionals, and great public-school districts!
Seller agrees to a standard transition period as needed, continuing management role & duties throughout.
Launching a website presence with online engagements could also maximize clientele outreach.
