Plumbing & Heating Provider, 30+ years, Western MA
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Asking Price
$600,000
Detailed Information
Western MA, Massachusetts, US
Not Provided
NA
Business Description
Established for over 30 years in Western Massachusetts, this plumbing, heating, and gas piping provider maintains Gross Profit Ratios exceeding 45%. The company primarily focuses on residential work, accounting for 80% of their projects, with the remaining 20% allocated to commercial undertakings such as hotels and restaurants. Their success is partially attributed to a unique Flat Rate pricing system developed by the owner, resulting in increased profits across more than 1,100 job tasks. Despite historical sales of around $800K, the current owner has intentionally slowed down operations, generating revenues of $554,955 for 2023 with Discretionary Earnings of $190,794 and EBITDA of $119K. The business offers quick turnaround opportunities with minimal capital investments required, with potential for growth in new construction projects within the region. Situated close to the Connecticut border, the company benefits from a broad service radius due to repeat customers and loyal referrals, maintaining consistent revenue streams. Additionally, the