Boston Metro Plumbing & Heating Business For Sale

Over 18,000 Customers

Middlesex County, Massachusetts

plumber installing a tankless water heater

Listing Number: 1625

Financial Information

Asking Price: $1,250,000 (includes $10,000 of inventory and 12 vehicles)
2019 Gross Revenues: $2,500,000  
2019 Cash Flow: $521,000 

EBITDA: $404,000

Business Description

This is a great opportunity to acquire a thriving plumbing business that is a leader in their market.  With revenues at $2.5 million and owner income of $469,000, 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..

General Information

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

Contact Information

Marc Gudema