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#5261
San Mateo County
San Francisco Metro
San Francisco East Bay
San Francisco Bay Area

Plumbing Contractor - With Experiened Crew

$425,000
Plumbing Contractor - With Experiened Crew
This Listing is Expired

Leading licensed plumbing contractor serving commercial and residential customers mostly on the San Francisco Peninsula.

Almost 10 years in business, they serve a variety of customers with dozens of major corporations and national chains as regular recurring clients. The business is highly profitable and growing, with a highly-skilled and experienced crew. Projects include repairs, regular maintenance, residential and commercial renovation & remodeling, and new construction.

Annual sales are well over $1,000,000, with Seller's Discretionary Earnings ("SDE") in the “comfortable six-digits.”  The company maintains an efficient, affordable office/warehouse space on the San Francisco Peninsula. However, the business is easily relocatable anywhere on the Peninsula or East Bay.

The customer base is well-established; 90% of business is from recurring corporate clients.  About 25% of sales are from the top 3 customers.  The business has been built on its reputation by “word-of-mouth,” with no formal marketing or advertising.  The company specializes in commercial & residential remodels, commercial tenant improvements, and kitchen & bath remodels.  The bulk of the sales are to national and international restaurant, coffee shop, and property management firms.  There are over 500 active customers in the company database.

Staff:  There are six full-time (W-2) employees, and two part-time (W-2) employees, comprising over 180 years of experience in the trade.

Buyer:  The Seller will only consider offers from a buyer who (1) already has a general or plumbing contractors license, or (2) who has the experience and credentials to qualify for a license.

The Transaction will be for the purchase of the entire business.  The asking price is $425,000, plus inventory at cost (approximate value: $30,000). Sellers will provide all necessary support for a seamless and easy transition.  The owner/seller estimates office/warehouse furniture and fixtures to be worth $20,000+, and trucks and equipment to be worth $50,000+.

Financial Data: Full financial data will be provided upon signing an NDA.  Business is a sole proprietorship.  Owner/seller will substantiate expenditures allocable to other investment interests that constitute personal income in addition to that shown on business financial documents.

Note:  All data on this business is provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

Managing Broker & Owner Tim Cunha DRE License #01919755

Lease

Region:
San Mateo County
San Francisco Metro
San Francisco East Bay
San Francisco Bay Area
Lease Term:
1 year
Total Monthly Rent:
$2,818
Security Deposit:
$2,818

Operations

# of Full-Time Employees:
6
# of Part-Time Employees:
2
# of Family Employees:
8
# of Working Owners:
1
Hours Open:
Monday - Friday 7 am - 5 pm
Saturday/Sunday as needed
Year Established:
2009

Facilities

Inside Sq. Ft.:
1,796
Outside Sq. Ft.:
200

Highlights

  • Almost 10 years in business
  • Highly profitable and growing
  • Residential and commercial renovation & remodeling, and new construction.
  • Well established customer base
  • Leading licensed plumbing contractor serving commercial and residential customers mostly on the San Francisco Peninsula. Profitable, growing, experienced crew, dozens of regular recurring corporate clients. Almost 10 years in business, they serve a variet

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 34,844 144,370 240,889
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,795 54,392 91,509
2010 Persons Per Household 2.63 2.52 2.50
Median House Value $570,500 $826,362 $835,294
Income Per Household $69,832 $94,422 $99,772
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,051 5,215 7,955
2012 Number Of Employees 22,002 177,132 314,092
2012 Total Annual Payroll $591,164,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER & NOTICE: The User (that's you reading this) of this Website understands that Timothy Cunha, J.D. ("Broker"), his agent(s), and EvergreenGold do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

The information contained in this offering profile was provided by the Seller and is believed to be accurate. Broker has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer. Please note: typically (1) Sq. ft. is estimated, and (2) Annual Payroll is last year's and does not include any owner wages.

THE PROSPECTIVE BUYER OR LESSEE SHOULD CAREFULLY AND INDEPENDENTLY VERIFY TO THEIR SATISFACTION EACH ITEM OF INCOME, EXPENSE, AND ASSET, AND ALL OTHER INFORMATION CONTAINED HEREIN.  The information contained herein and contained in any supplemental documents has been furnished by sources believed to be reliable.   While we intend to provide accurate information, no warranty or guarantee, either expressed or implied, is made as to any information provided on this property, business, and/or franchise. Any information concerning the sale of a business has been provided by the Seller, Buyer, or some other third  party to the Broker. Broker and Broker’s agents have not and do not verify the accuracy, veracity, or completeness of this information, and the recipient of this information is advised to conduct its own independent due diligence investigation as to accuracy, veracity, and completeness. The Broker and Broker’s agents are not responsible for misstatements of facts, errors, omissions, prior sale, change of price, or withdrawal from the market. We do not accept liability for any errors, omissions, corruption, or virus in the contents of this message or any attachments that arise as a result of email transmission.

AGENCY & REPRESENTATION DISCLOSURE: The Broker, whether acting as a listing broker or potential selling broker, hereby discloses that Broker is acting solely as agent for the seller in the marketing, negotiation, and sale  (or lease) of the property, business, and/or franchise.  Unless there is a clear, precise, explicit written agreement to the contrary, the Broker does not represent and is not acting as an agent for any prospective buyer(s).  This disclosure covers the Broker, any agent operating under the Broker’s license, and any employee or independent contractor of the Broker.

RESTRICTION ON BUYERS:   In no event shall a prospective buyer visit the property and/or communicate with the owner/seller or employees of the property, business, or franchise via phone, fax, email, postal mail, or any other means outside the presence of the Broker or Broker’s agent.  All information provided about any business is CONFIDENTIAL and PROPRIETARY, and not for further disclosure except in accordance with a signed Non-Disclosure Agreement (“NDA”).

ADVICE & COUNSEL:  Neither the broker nor any agent operating under the Broker’s license, nor any employee or independent contractor of the Broker is acting as an attorney, accountant, or tax/financial advisor, and no communication from them should be considered as legal, accounting, or tax/financial advice.

 


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