Company Summary

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The company is a well-established licensed and certified plumbing business providing complete plumbing services to commercial and residential customers in Maryland. It is a turn-key operation with 7 full- time team members and 2 part-time owners. The company has strong relationships with employees, customers, contractors and vendors which results in substantial repeat and referral business.

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The company has been in business for 28 years and has a customer following and reputation that provides substantial repeat and referral business. This is an award-winning company with accolades from Angie’s List, Yelp, Maryland Gazette Readers Choice, and voted the Best Plumbing Contractor in 2018.

 

The company provides both residential and commercial services with residential representing approximately 62% of revenue and commercial representing 37%.

 

Services

 

• Water Heater Installation & Replacement

• Professional Drain Cleaning

• Sewer Line Repair & Replacement

• Sump Pump Installation, Repair & Replacement

• Well Pump Repair & Installation

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Facilities

 

The Company is operated from a 2,000 square foot facility in Maryland. The property is leased to the business at the rate of $39,600 per year which is $3,300 per month.

 

The lease is a full-service lease with no CAM charges and no prorate property tax or insurance. The business tenant is only responsible for utilities and its own insurances.

 

The new owner may lease the property upon the same terms, conditions and rates as the business has had in the past, or the new owner may purchase the property.

 

The business operates with 7 vehicles that are GPS enabled to track location, stops and starts, on/off, speeding, etc. Vans are stocked with routine parts and tools. Specialty items, fixtures, and the like are ordered on a per-project basis and stocked from the warehouse to the vans daily by the plumbers.

 

Growth Opportunity

 

Growth opportunities include adding weekend work, increasing billable staff and fleet, modernizing marketing, adding service contracts, adding flat rate pricing, and modernizing hiring practices.

 

Support & Training

 

The owner will provide a reasonable training and transition period based on the needs of the buyer, and could be available up to 1 year if needed.

 

Reason for Sale

 

The founder has experienced recent health problems, yet remains committed to the business. He wishes to sell the business, provide a healthy transition, and retire.