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Wednesday, September 08, 2010
Listing Details - Plumbing & Drain Cleaning Company
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Plumbing & Drain Cleaning Company
(Services; Construction Related, Contractors-Plumbing & Heating)
Central Arkansas - Arkansas, Pulaski
| Seller Financing: |
Yes |
| Lender Pre-Qualified: |
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| Listing ID: |
68703 |
| Status: |
Active |
Listing Details
| Listed Price: |
$550,000 |
| Down Payment: |
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| Total Sales: |
$658,293 |
| SDE: |
$284,482 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$250,000 |
Included? Yes |
| Real Estate: |
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Included? |
| Inventory: |
$10,000 |
Included? Yes |
| A/R: |
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Included? |
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| Reason for Sale: |
retirement |
| Training: |
owner will train |
| Financing Terms: |
negotiable |
Operations
| Year Established: |
1989 |
| Last Acquired: |
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| Form of Ownership: |
S Corp |
| Home Based: |
No |
| Relocatable: |
Yes |
| Type of Location: |
Commercial |
| Absentee Owner: |
No |
| Online: |
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| Employees: |
Full Time: 4 / Part Time: |
| Managers: |
1 |
| Hours: |
Monday - Friday |
| Owner Hours: |
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| Non-Owner Payroll: |
$104,688 |
| Franchise Info: |
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Location
| Lease Expire: |
4/1/2010 |
| Option: |
renewable |
| Lease Terms: |
month to month agreement |
| Lease Security: |
|
| Monthly Rent: |
$1,000 |
| Square Footage: |
2000 |
| Facilities: |
Commercial building includes a large indoor area with high ceilings to house trucks and other equipment, plus a small office and front room. |
Summary
| Business Description: |
This highly profitable, established business offers general plumbing and drain cleaning services to commercial and residential clients throughout Central Arkansas. The company was started over 20 years ago by the same owner, who is ready to retire. The majority of the equipment is near new and utilizes the latest in technology. The owner invested over $100,000 of company profits in 2008 in new equipment, including a 2009 Spartain Warrior Jet, additional trailers, and TV video monitoring equipment used on the job. The three full time employees are compensated hourly and have all worked with the company for years. The business is primarily commercial, with several expanding restaurant chains as clients. The owner will remain in the Central Arkansas area and will extensively assist a new owner in the transition.
Services offered include: Water & Sewer Replacement & Repair; * TV Camera Locating Drain Cleaners; * RPZ's & Backflow Preventers; * Hydrojetting; *Hot Water Heaters. * Drains Cleaned |
| Historical Summary: |
Started in 1989 by the current owner. |
| Owner Qualifications: |
Years of on the job training |
| Competition: |
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| Potential Growth: |
The staff and equipment are in place to grow under an aggressive new owner. |
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