Detail information about the listing
Seller Financing – Absentee Run Plumbing Franchise with 40 percent Increase in SDE
This Northern California plumbing franchise is a California S Corporation and was started 30 years ago and has been owned for the past 8 years by the current Owners. This business operates 7 days per week, 24 hours a day, providing both commercial plumbing and residential plumbing services. Commercial services range from water leaks, water heaters, water jetting, sewer, backflow and sump pumps. Residential services range from septic and waste water, water heaters, drains, dishwashers and bathroom plumbing, just to name a few. There is also a wide array of branded products that are sold as well, including grease trap treatments, digestants and septic tank treatments. A C36 plumbing license is required to operate the business.
The competition landscape is fragmented and does not have the consistency as this business. Some are overpriced, some cannot do encroachment work, some only do commercial, some only do septic, some do only drain clearing. No one offers the complete set of services and 24 by 7 coverage as this business does.
Growth Expansion overview
Since this is a national well recognized franchise, a number of their leads come from customers who recognize the name but also from repeat customers that return along with marketing they do in newspapers, direct mail, internet, Television, SEO optimized website and social media.
Support Training Comments
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training is available from Sellers at a mutually agreed upon price. Corporate Franchisor training is also available.
Seller willing to finance up to 25 percent of the transaction at 7 percent interest over 5 years dependent on the price and also the quality of the Buyer.
Reason For Sale
Sellers are looking to semi-retire
Home Based: No
Year Established: 1991
Year Acquired: 2013
Willing to Train: Yes
Required Licences: C36 Plumbing License
Is Property Leased: Yes
Real Estate Available: OPTIONAL
Real Estate Included: No
Real Estate Value: N A
Real Estate Asking: N A
Days Open: Monday-Sunday
Hours Open: 24 7
Full-time Employees: 13
Part-time Employees: N A
Is Management Staying: No
Monthly Payroll: ON REQUEST
Building Size: 3600 sq. ft
Monthly Rent: 5,500
Asking Price: 2,590,000
Gross Revenue: 2,377,146
Cash Flow: 449,394
Down Payment: ON REQUEST
FF&E (Included): 250,000
Business Location: Humboldt County, Northern California
Broker: ProEquity Asset Management Corporation License ID: 01870526