Established Commercial Plumbing Business Thriving - California
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Asking Price
$2,039,988
Detailed Information
Los Angeles County,California, US
Not Provided
NA
Business Description
This established commercial plumbing business, with a strong presence in California and beyond, is known for its reliability and quality work. Specializing in commercial tenant improvements, renovations, and new construction, the company has a track record of completing projects for a variety of buildings, including retail stores, hotels, office buildings, and more. Through strategic workforce adjustments during economic downturns, the business has maintained consistent revenues, showing a 6% growth in 2023 compared to the previous year. With a solid backlog of over $3M and potential contracts exceeding $5M, it presents an attractive opportunity for expansion. Managed by the owner who oversees contracts, payroll, and invoicing, the company has sustained high earnings, with Seller’s Discretionary Earnings surpassing $600K by mid-2023. With a team of eight employees, including experienced foremen, the business is positioned as an appealing acquisition target for established firms seeking to grow in the commercial plumbing sector. A C-36 plumbing contractor