Profitable Residential Plumbing Company in Spring Branch
Listing: # 8290
Price: $ 425,000
Location: Houston
Listing Profile
| Classification: |
Service Business |
| Purchase Price: | $425,000 |
| Real Estate Price: | $0 |
| Working Capital: | $0 |
| Total Investment: | $425,000 |
| Down Payment Required: | $425,000 |
| Gross Revenue: | $387,726 |
| Discretionary Earnings: | $216,668 |
| Imputed Rent: | $0 |
| Total Cash Flow: | $0 |
Description and Operations
| Established Date: | 2017 |
| Monthly Rent: | $325 |
| Reason for Sale: | Going into real estate investment business |
| Employees(Full): | 5 |
| Employees(P/T): | 0 |
Reason for Sale:
Going into real estate investment business
Description:
This family-owned plumbing business has been operating profitably since it was established in 2017. The current owner is a Responsible Master Plumber. Seller is willing to lease his RMP license, but any interested party should be on track to eventually receive their own RMP. Owner does approximately 25% of the work on jobs and all estimations. A full time 1099 plumber works on a daily basis with 3-4 subcontractors doing the rest of the work. The company currently only does residential service and repair work, they do no commercial or new construction plumbing. This is an opportunity for someone to take over a plumbing company with lots of potential for revenue growth and expansion. Current owner plans to focus on real estate investing full time.
Contact Chris Adkins