This long established plumbing and heating contractor provides plumbing and hot water heating installation, service, and parts largely to the residential market. Besides contract work, the company has a small retail store that offers a variety of plumbing and heating products. Established over 50 years ago, the business consistently achieves revenues of approximately $1.2 million per year. In a market where demand exceeds supply, a younger, more energetic owner or a synergetic acquirer will be able to take advantage of existing opportunities to increase revenues and profitability.  

The company has 12 non-union employees and presently operates from premises leased from the company’s owners. The building is 20 years old and the owners will consider selling it or continuing leasing it a long term lease. Besides the business for sale, there is one other tenant in the building. The building is approximately 4,800 sq. feet. Good customer parking out front with plenty of space behind for employee parking.  The assets of the business, including inventory, account receivable, store operations, vehicles, office furniture and equipment and goodwill are valued at $570,000.

The owners wish the transaction to be structured as a sale of shares with the price adjusted to reflect the balance sheet at the time of closing. There is a significant amount of flexibility when considering the structure of the transaction. The owners are open to looking at various options on the property as well as some form of seller financing. The two owners are also willing to stay on for a specific period of time to ensure the transition of the business is a successful one.

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E-mail: sbaker@cbibusinessbrokers.com