Absentee-Run Plumbing Company

FOR SALE !

Northern Virginia

ASKING PRICE:

$1,499,999
(Business: $1,100,000 | Assets: $400,000)

Annual Figures 2023

Gross Sales: $3,682,609

Net Profit: $561,383

Key Expenses 2023

Cost of Goods Sold (COGS): $1,857,650

Payroll: $1,045,449

Established in 2018; one of the largest plumbing companies in its county.
Prime location in Northern Virginia with 30 employees: - 1 owner (handles payroll and asset purchases) - 4 office personnel - 1 project manager each for residential, commercial, and service projects - 15-18 field employees
Diversified revenue streams: - 35% service - 40% residential (new construction/remodels) - 25% commercial
Jobs sourced primarily from referrals, Google, and Facebook.
Service area: 85% within the county, 15% outside.
Real estate details: - 6,000 sq. ft. building (buyer can use 3,500 sq. ft.) - Property valued at $250,000-$300,000; owner prefers a lease-back option at $2,200/month.
Assets included: - 30 vehicles valued at $300,000 - $100,000 in equipment
Seller support: - Owner will assist in qualifying the business for up to 1 year, including licenses (VA Class A - Contractor, Master Plumbing, and Master Gas Fitting). - Seller financing available: $400,000 note for the right buyer.
Reason for sale: Owner relocating out of state.