Business Description
For sale is a 5-year-old plumbing company in the southeast that primarily serves residential customers needing emergency services. The company offers general plumbing, drain cleaning, water heaters, sewers, and emergency services.
It has achieved significant growth in only a few years, is steady year-round, and averages revenue of $1,084 per customer. They are planning to offer service plans which should further accelerate growth. Currently, 90% of the revenue comes from emergency services, and 95% of the customers are residential, warranting an excellent customer diversification ratio.
The company attracts new employees by offering a training program and utilizing smart glasses technology, which enables “telepresence” communication with field workers. The glasses provide unparalleled speed and diagnostic support for technicians.
Altogether, the owner believes there are over 30 employees who will remain with the buyer. There are three key employees who are managers, and one of them could be promoted to general manager. Additionally, two employees hold Master Plumbers Licenses, which are required to operate the company. The only other license required by the buyer is a business license.
| 2021 | 2022 | 2023 | 2024 Projection | |
| Revenue | $2,367,033 | $4,091,595 | $8,719,377 | $12,000,000 |
| Earnings | $746,492 | $1,110,581 | $2,749,591 | $3,960,000 |
This listing requires seller approval for the CIM. We appreciate your patience as we receive approval and we will send you the CIM as soon as possible.