Non-Union Plumbing 100% B2B: Absentee Ownership

Business Overview:

This thriving trades company works directly with a developer as the client, they do not provide plumbing services directly to a homeowner, nor do they have a service division. This make them a very unique plumbing organization that specifically works with general contractors and land developers who are “Neighborhood Production Builders.” Currently, there is Work in Progress over $68 million dollars, plus a strong backlog of 90 million that already has the funding. This backlog will stretch over the next 36 months. These are neighborhoods that are NOT affected by interest rates or residential real estate markets. This non-union shophas 98 employees on staff, with 8 in leadershipincluding a President and a CFO, with the other 90 as trained plumbers and field technicians. The business services a 60-mile radius around Sacramento, California with 6 top reoccurring clients. Included in the purchase is working capital of $1M, along with $1.6M in equipment, vehicles, and improvements. The owner is selling due to age and retirement, though they owner is already in a passive role, providing only light oversight as needed. Their position would not need to have any replacement. Priced at $24,000,000, the owner is willing to hold 25% of the price as either a seller carry or equity roll, or a combination thereof, showing a vested interest in the ongoing success of the company after closing. There are several growth opportunities, including expanding into service & maintenance work, and targeting more apartment complexes for commercial projects.

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Property Features and Assets:

Assets Included in Purchase: $1,620,175

Market Competition and Expansion:

Expand into service & maintenance.

Reason for Selling:

Additional Details:

Documents:

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