ID Number: 08032 Primary Category: Niche Plumbing Asking Price: $2.6M Annual Revenue: $4M Annual Adjusted Net: $645K FF&E: $174K (included in asking price) Inventory: $450K (included in asking price)
Recession-resistant, operates by contract, low customer concentration, 30+ year history and 80+ years of combined management experience.
This company has contracts with 1,000+ commercial clients in Southern California to service, repair and maintain boilers and water heating equipment.
They provide a niche service within the plumbing industry. The nature of their service is necessary and time-sensitive, making it recession resistant. For example, when a boiler or water heater breaks at a hospital, it must be fixed immediately.
The company has an excellent reputation over 30 years old. The current shareholder would like to retire, but will stay on for a transitional period. They pride themselves on high-quality, fair and honest service. Their techs are some of the most well-trained and experienced in the field. There is little to no customer concentration.