Absentee Run Plumbing Franchise Highly Profitable SC2056

Detail information about the listing

 

Seller Financing – Absentee Run Plumbing Franchise with 40% 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.

 

Competition Description

 

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.

 

Financing Comments

 

Seller willing to finance up to 25% of the transaction at 7% 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

 

Franchise: Yes

 

Year Acquired: 2013

 

Willing to Train: Yes

 

Relocatable: No

 

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

 

Distressed: 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

 

Inventory: $250,000

 

Financing: Yes

 

Business Location: Humboldt County, Northern California

 

Broker: ProEquity Asset Management Corporation License ID: 01870526