- Very Profitable, highly rated & well-established Plumbing business in Southwestern Ontario for over 22 years.
- Business services the residential and commercial sector, with revenues earned primarily from service calls, in addition to equipment sales and rental.
- Business has earned many Readers and Consumers’ Choice awards, in addition to 5-Star testimonials and ratings on third-party websites such as Google.
- Business has built an excellent reputation as the go-to one-stop solution for plumbing installations and repairs, with a 24/7 emergency service capabilities.
- Company has a multi-year track record of profitability with average revenue of approx. $2M and discretionary earnings of approx. $432K during the last 3 financial years, with revenues in the year-ended November 2022 being approx. $2.3M.
- Revenue generated during first 4 months of 2023 is $750K. Seller expects revenue to reach $2.5M for current fiscal year, with discretionary earnings exceeding $400K.
- Business has developed a loyal client base of over 18,200 customers. Business benefits from a large repeat clientele and business relationships developed over many years.
- Business has a diversified client base with no single client leading to majority of business revenue every year.
- Business price includes assets and inventory of approximately $722K.
- Business has non-unionized staff of 12 employees (11 FT and 1 PT) inclusive of licensed plumbers and gas fitters (excluding owner) and 2 subcontractors (PT).
- Business owner key role is to oversee operations, estimating and manage staff. Owner spends less than 20 hours a week in the business.
- Business operates from an easily accessible facility in a commercial location, owned by the Seller.
- Most of current revenues are generated organically through existing client base with some marketing.
- Huge opportunity to take the business to next level by adding staff, introducing complementary services, and implementing active marketing strategies.
- Owner is planning to retire, hence looking to sell the business, but willing to stay on board for a negotiable period to assist with the transition of the business.
- Email Us : [email protected]
