Residential plumbing business specializing in high-rise condos for sale in coastal city.

Featured on BusinessForSale.com . 7 viewed

Asking Price

$800,000

FOR SALE - ACTIVE

Detailed Information

Location

Fort Lauderdale, Florida, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

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Business Description

For Sale: Profitable residential plumbing business specializing in servicing high-rise condos by the beach, established since 2002. Services include a range of repairs for condo owners such as showers, toilets, pump rooms, and cast iron repairs for buildings. The business operates with a balanced mix of 50% residential repairs and 50% remodeling, with a team comprising of 1 full-time and 2 part-time plumbers. The sale includes 3 Nissan vans and boasts excellent financial records, with over $1 million in sales projected for 2023 and an owner benefit of $400k. This opportunity is ideal for a plumbing company looking to expand, as the business is relocatable and has significant growth potential. Despite its success, the current owner has not invested in advertising or a website, relying solely on word-of-mouth referrals. With established relationships within the industry and a reputation for quality service, the business is primed for further expansion. The sale includes three years of tax returns, providing transparency

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