Well-Established Profitable Denver Plumbing Business
This is your opportunity to acquire a well-established and very profitable plumbing business that was established in 1998 and serves the Denver Metro Area. This business is Pre-Qualified for SBA financing to a buyer with a master plumber’s license and strong credit. With as little as $60,000 down, this business can be purchased, and even with servicing the loan, the new owner can still a net profit of over $90,000 per year!
This plumbing business mainly serves a unique niche in the residential market, and the service the plumbing business requires is much more interesting than general household plumbing repairs. Over 75% of the revenue for this business is derived from annual contracts that have been in place for 10 years. Another excellent benefit of owning this business is that the owner spends about 50% of his time in the office managing jobs and interacting with customers. This a great benefit for a plumber that may be a bit tired of the physical tolls plumbing can take on the body. Business is currently booming and trending towards even higher levels of profitability.
The current staff includes a Master Plumber, one Journeyman and also one assistant. The Seller’s day to day duties include going out on jobs as required, but typically about half the day is spent in the office managing jobs and administrative tasks for the business. The sale of the business includes all furniture, fixtures and equipment that has a used-replacement value of $40,000. Notably included are two fully equipped plumbing service vans with laptops and wireless scheduling systems. There is also a $15,000 supply of plumbing parts inventory, both in the shop and on the vehicles that is also included in the purchase price. The business is completely relocatable within the Denver Metro area, but the new owner may elect to transfer the lease and keep the 1,500 square foot shop where it currently operates.
This business is profitable to the point that a Buyer could enjoy a healthy profit while hiring a Master Plumber to operate the business. This is why this business would be an excellent strategic opportunity for another plumbing company, a Master Plumber, or a different trade altogether that is growth-oriented. If the Buyer plans to also operate the business, they will need to possess a Colorado Master Plumber’s license or be in the process of obtaining one. The Seller is negotiable regarding keeping his Plumber’s License with the company.
Another opportunity for growth for this business would be to augment the business with a website and some marketing. Currently the business has no website and has only done word of mouth advertising.
The reason for the sale is that the Seller would like to retire. Inquire about this plumbing business opportunity today and take advantage of the service contracts that are in place, the niche market served, and the overall longevity of this plumbing business.