Plumbing Contractor New Residential Construction Division

Listing Number: 6401-757583

Description

Established plumbing contractor division specializing in new residential construction in St. Lucie County. Third Party SBA lender pre-approved with only $277k down. They are a preferred plumbing sub-contractor to some of the largest builders in the country. There is no down time, jobs are constant and year-around with a good pipeline of work in place. The company has grown organically over the years with excellent margins. The growth potential is unbelievable as the builders are wanting them to expand into Brevard and Indian River counties where residential construction is expanding rapidly.

The staff consist of a project manager, shop manager, scheduler and 4 construction crews. The estimated equipment value is approximately $229k and consist of 6 vans, 2 pick-up trucks, 2 excavator backhoes, trailers all the necessary equipment and tools and $30,000 of inventory/supplies is included on the price. $95k of working capital included in the financing package.

Listing Details

• Price: $1,699,000
• Down Payment: $277,556
• Sellers Discretionary Earnings: $589,056
• Total Sales: $1,580,429
• Location: St. Lucie County, Florida


• Inventory: $30,000
• FF&E: $229,700
• Employees: 11
• Year Established: 2020
• Reason for Selling: Down sizing
• Category: Construction