High-End New Construction Plumbing Company with 25 Year History

Company has been in business since 1999. They specialize in custom new home construction along with high end remodels. They will occasionally do new light commercial construction (gas stations, bars, restaurants).

Most sales are repeat customers from 25 yrs of business. Target audience is high-end customers who prefer personal contact and quick responses. They do no marketing and gain customers by referral.

Employees:

---Current Owner’s Responsibilities: Working in the field, estimating, pricing, billing, maintenance.
40-70 hours/week

---Journeyman: $22.50/hour, seniority date 10/14/2017

---Apprentice: $20.00/hour, seniority date 6/26/2024

Employee Benefits: Paid holidays, paid vacation, paid schooling

Equipment: Trucks, press tools for both copper and gas, drills, saws, threading machine.

Owner runs the business from his home in Acton, Indiana (Southeast of Indianapolis). A new owner will need a new location.

2023 Revenue: $347,400 / Cash Flow: $93,800
2022 Revenue: $642,100 / Cash Flow: $171,900

Asking Price: $165,000 for the assets of the business. The price includes equipment and goodwill. It does not include inventory, cash, or accounts receivable. The assets will be delivered free of any liabilities or debt.