Growing Plumbing and Remodeling Company

Listing Information for #37380

$180,000.00

Description

Located near Seattle, WA, this company is continuing to follow trends of quick growth. Listed financial data are projections for 2016. Offering a wide array of services to handle all of their clients' needs, their extensive plumbing services include water pipe repairs, clogged drains, re-plumbing for the entire home, sewer scoping and more. Installation services include fixture installation, repair or replacement, garbage disposals, waterlines, and water heaters, including tankless water heaters, accessories, and much more. They also provide kitchen and bathroom remodeling and upgrades. Known for excellent workmanship by skilled technicians, the company employs a keen focus on details and uses quality materials on every job. The diversified customer base helps ensure that the company will not be significantly impacted by the loss of a single account.

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Employee Details

Key employees will most likely stay on after the sale. There is a General Manager in place and the owner will be available for a reasonable transitioning period.

Location Details

The business operates out a leased building over 1,500 sq. ft. The facility is located on a quarter acre and features offices, storage and a shop with an overhead door.

Expansion Opportunity

Management recognizes the opportunity for strong revenue growth by providing emergency plumbing, and after-hour plumbing services on evenings and weekends. Expanded Customer Markets: Opportunities exist for tremendous revenue growth by further expanding into the commercial market. At present, approximately 5% of the Company's revenues are derived from this market segment. Additional growth can be achieved by increasing the service area to key regions.

Summary

This company provides installation services for Lowe's customers. In past they have worked with property management groups, it would be beneficial to the company to pursue these types of contracts once again. The owner would like to see the new owner take this company to the next level and follow other interests. This company prides themselves on a great reputation, and competitive prices on their diverse services. Residential repairs and installations account for 75% of revenues, while residential remodels represent 20%, and just 5% for commercial services. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule, and as much control of business activities as desired.

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About Us

IAG, LLC is a business intermediary consulting firm, facilitating the buying and selling of businesses. For more than 25 years the Management Team has been a leader in the industry and has helped the owners of privately-held companies "cash in" on all their hard work and get the best payoff possible.

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