Plumbing/Mechanical Contractors
Relocatable, NJ Not Disclosed
Central NJ
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- RE: Plumbing/Mechanical Contractors
- Contact: Greg Gradel
Quick Facts
| Asking Price: | $5,700,000 | |
| Annual Revenue: | $8,495,352 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $2,006,466 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $1,404,972 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1993 | |
| Employees: | 23 | |
| BBN Listing #: | 948734 | |
| Broker Reference #: | 3410-18419 |
Business Overview:
Highly respected commercial plumbing contractors in business since 1993. Company specializes in sizeable projects of 80,000 square feet and larger.
They employ Union Hall plumbers and have a loyal following typically guiding 5 primary foremen as well as 10-15 repeat specialists.
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Property Features and Assets:
Main office is a condo in a professional park, also for sale. Condo includes storage for plumbing parts and tools.
Assets = $1,674,972
Market Competition and Expansion:
Based in Central New Jersey, this is a mature market full of established competitors. That said, this company has enjoyed a loyal client base who seek out this contractor for the quality of work and attention to detail provided as well as a 2 year warranty on all projects.
The Commercial Plumbing market has rebounded from the lows of Covid-19 Pandemic. The value of Commercial construction is expected to increase at a steady rate due to reduced unemployment and complete economic recovery. Plumbing industry revenue is expected to expand at a CAGR of 1.6% to $137 billion over the next 5 years.
Reason for Selling:
Owners retiring after starting and growing company for past 37 years.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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