Commercial Plumbing Outside Of Detroit

Business Overview:

The company comes with a well-established team of 11 including
7 field technicians, 2 estimators, 1 bookkeeper, and 1 admin. This
business has a client base made up of 80% repeat customers in a
variety of industries including the industrial sector, the healthcare
field, and municipal clients. Services that are offered include
plumbing (which makes up 75% of service base) and pipefitting
(25% of service base). The master plumbing license is not held by
current ownership but instead is held by one of the team
members. Based in Detroit, Michigan, this well-established
business is centrally located between Ann Arbor, Flint, Detroit,
and Toledo. This is because the current owner is looking for a
strategic buyer to grow the business further and is planning to
stay on with the business for 2-3 years to assist in this anticipated
growth and ensure a smooth transition. The team works out of
5,000 sq. ft. building with 3,500 sq. ft. dedicated to the shop, with
the remaining space dedicated to the office for a low $2,250 per
month. This plumbing and piping business is primed for new
ownership, with the projected $1,000,000 in backlog and
$600,000 of new projects in their pipeline to be bid on. The
current owner is active in the business overseeing estimates and
visiting job sites once a week. This includes vehicles, equipment,
tools, trailer, and a working capital of $247,709 which, altogether,
add up to be valued at $588,297.

Priced at $925,000, the purchase of this company includes all the
assets that new ownership will need to continue and grow the
current business operation. There is plenty of room to expand
operations both in the amount of space currently leased and in
the opportunities that a buyer could easily take advantage of to
see an ongoing development. With their exponentially high rate of
return clients, an added marketing or advertising campaign could
be expected to result in ongoing dividends of returning clients for
years to come. A 10% down payment of $92,500 returns $87,674
in the first year after debt payments!

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Property Features and Assets:

Vehicles: $291,678 Equipment, Tools, and Trailers: $48,910 Working Capital: $247,709

Market Competition and Expansion:

Increase marketing and advertising presence. Hiring campaign to bring in more laborers.

Reason for Selling:

Retirement Planning.

Additional Details:

Documents:

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