Boston Metro Plumbing & Heating Business For Sale
Over 18,000 Customers
Middlesex County, Massachusetts
Listing Number: 1625
Asking Price: $1,250,000 (includes $10,000 of inventory and 9 vehicles)
2018 Gross Revenues: $2,625,000
2018 Cash Flow: $390,000
This is a great opportunity to acquire a thriving plumbing business that is a leader in their market. With revenues over $2.5 million and owner income near $400,000, this is one of the larger plumbing businesses in the affluent area they service. This business focuses on servicing residences as well as some small businesses. The business installs and repairs many water heaters, boilers, and plumbing fixtures. The business has an expertise in repairing plumbing in older homes. The business has an active customer list with over 18,000 names and has an extensive database of installations that a buyer could use to sell service contracts. In addition to the owner, the company employs 2 master plumbers, 5 journeyman, 5 apprentices who are qualified to do all types of plumbing installations and service, as well as 3 people working in the office. This is a long-established business that has built a solid reputation for reliability, quality repair, and excellent customer service. About half of the revenues come from repeat customers; 25% from customer referrals, and the rest from Angie’s List. The facility where the business is located is available for lease at market rent..
Growth & Expansion:
Increased marketing, by use of SEM and SEO marketing, would grow revenues and income. Service contracts could be sold to the customer base. HVAC installation and service could be added.
Employees: 16 FT / 1 PT
Financing: A qualified buyer should be able to obtain SBA financing with 10-20% down.
Support & Training: The seller will provide training and support to ensure a smooth transition.
Reason Selling: Retirement