Business Description

This successful plumbing company specializes in serving developers and general contractors in the Sacramento, California area, focusing on neighborhood production builders. With a current Work in Progress exceeding $64 million and a backlog of $90 million secured for the next 36 months, the company operates efficiently within a 60-mile radius of Sacramento with 98 employees, a robust client base, and substantial assets including a $1M in working capital and $1.6M in equipment. The business, which is non-union, has a strong leadership team of 8 individuals, including a President and CFO, overseeing a skilled workforce of 90 plumbers and field technicians. The owner, who is preparing for retirement, is selling the company for $15,750,000, with an option to retain 20% as a seller carry or equity roll. Opportunities for growth include potential expansion into service and maintenance work, and targeting more commercial projects in apartment complexes, showcasing the commitment to ongoing success post-sale. With a well-established