Montana Plumbing and Heating Business

Business Description

For sale is a 24-year-old residential and commercial plumbing and HVAC business based in a major Montana city that serves clients within a 75-mile radius. The company is 70% residential and 30% commercial (i.e. small businesses, hotels, restaurants).

The business dominates the local market, with almost no competitors of a similar size or history. They have displayed consistent growth YoY and possess an extremely recognizable brand in Montana. Their revenue is comprised of 69% plumbing services, 11% HVAC installs/replacements, 10% boiler replacements, 7% boiler repairs/service and 3% HVAC services.

It should be noted that the owners have run many personal expenses through the business during the course of their tenure. That said, they have kept meticulous records and all addbacks to the bottom line can be documented and verified.

The owners are open to extending their Master Plumbing Licenses and technical support to potential buyers as needed and are also flexible on a longer transition period and/or continued part-time involvement with the business. They have an extremely strong staff but a buyer would need to hire a GM to oversee daily operations.

2019 2020 2021 2022 Q1 2023
Revenue $3,262,838 $2,721,882 $3,500,807 $4,401,281 $1,252,700
SDE $597,963 $729,841 $1,030,034 $1,161,295 $338,223

Financial Overview

Asking Price: $4,800,000 + Inventory

Revenue: $4,401,281

Income: $1,161,295

Multiple: 4.1x

The listing is either pending or closed so the NDA cannot be signed