Coastal Plumbing Biz With High Margins And Growth

Business Overview:

The Seller, who has been a plumber for the last 40 years has spent the last 12 years building the business into the community fixture it is today. Known for its strong reputation for quality and service, the Company focuses on residential work and residential property management clients, specifically targeting jobs that offer the best profit margins for the time invested.

The business is on the cusp of growth, as the amount of work Mr. Plumber takes on is at his discretion. Currently, the Sellers choose to turn down jobs that, while within their expertise, they would prefer not to handle. The Company has a reputation for honest, trustworthy technicians and strong business relationships.

The area is also ripe for expansion into untapped markets, such as kitchen and bathroom remodeling, which are steadily growing sectors.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

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Property Features and Assets:

Two storage units, and two equipment vans

Market Competition and Expansion:

Competition: Several companies operate residential plumbing businesses on the Texas Coast. However, this operation has demonstrated its ability to remain competitive, and believes that if the Buyer continues to provide excellent service, the Business will remain a strong competitor.

If competitors are outperforming, it is likely because they take on jobs that Mr. Plumber chooses not to, such as new builds and commercial projects. Despite this, with just two plumbers, the Business has been successful by strategically focusing on jobs with the highest profit margins.

Growth & Expansion: Hiring a salesperson and reaching out to marketing agencies across the country, while advertising the Company’s specialties in specialized industry channels such as podcasts and conferences would spur additional growth.

Reason for Selling:

The Sellers hope to spend their retirement traveling the world together.

Additional Details:

Documents:

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