Services - Other Miscellaneous services

$Seller Financing Available

Asking Price	$700,000	Inventory	$20,000*
Gross Income	$1,356,000	Real Estate
Cash Flow	$235,000	Year Established	1992
FF&E	$80,000*	Employees	6

* included in the asking price

** not included in the asking price

Sale includes $80K FF&E, (auction value) and $60,000 in Accounts Receivable. Seller will carry $200K. We are recession proof and a non-seasonal business-we make steady money throughout the year. Net Income for 2009 is tracking 25% ahead of 2008, even in a tough economy. We have $300,000 in work contracted for the new owner. Our niche is hot water (under floor, radiant) heat, we do traditional plumbing and sewer clean out and replacement services. We have over 10 GCs/contractors that call us on steady basis to do work for them; the work just comes to us. The seller is 100% committed to help the new owner grow the business and will provide a solid transition and will stay on for up to 5 years to help run the operations. The buyer needs NO plumbing or heating experience since we have 3 Master Plumbers. We need a sales and marketing owner. The seller insists that the business can triple in the next 2 years since they have done virtually no sales or marketing. We just take the calls that come in. We get calls daily for traditional Forced-Air HVAC that we can do, but have chosen not to. We perform rough in for new small commercial and residential construction as well as repair, replacement, and upgrades of existing systems. We have a core group of 6 highly skilled office, and field workers with an average of 20 years experience, which took years to assemble. We are high quality, high service, and high-margin. Barriers to entry are high, as we win business based on our reputation, attention to detail, and control from design to installation. 17 years in business and not one OSHA violation; our safety history is impeccable, thus we enjoy low Workman s-Comp rates. The seelers have done no Sales or Marketing in the past and insists that the business can double to triple immediately. Call 303-382-1926, or email us at brian@companybroker.com for a Comprehensive 30 min. Video and 4 yrs. CPA financials for your review. (FOR A COMPLETE PACKAGE FAX THE ATTACHED TO OUR OFFICE.)

Attachments: Download additional information (DOC)

Facilities: Awesome, brand new facility, custom designed by the owners for the business. Includes 1,200 SF of office space, plus 2,400 SF of well laid-out and organized shop/storage space, spacious parking area. Business can triple in sales with existing location. Great lease at $3,000/mo. Includes 6 trucks, fully stocked, great equipment (auction value $100,000), plus $60,000 in A/R for the new owner. The most valuable asset being sold is our solid name and reputation for the finest plumbing and radiant/hot water heat systems & service in the entire Front Range

Competition: We have only 3-4 direct competitors; there is plenty of work for everyone. Colorado has held up solidly during this downturn. We enjoy 30-40% gross margins. We are located in a resort-like mountain community that is experiencing solid growth. We can easily triple our sales in the next 3 yrs if we get 2 more estimators to handle all the bid requests. We have all the equipment to handle $2-3MM/year. There are many other services in forced-air HVAC, and sewer services that our clients have asked us to do, but we have just not chosen to pursue.

Growth/Expansion: We have never advertised or marketed our services. To get new clients & expand our small commercial, custom high-end residential, heated parking/driveways we just need someone with the sales skills and drive. The owner feels that to take the business to the next level, the new owner should have business mgmt, sales & marketing skills in order to double or triple it in 2-3 yrs. There are many services that our existing customers ask for that we simply don t do. Also, there is an enormous amount of work in the Mountains of Colorado to service.

Seller Financing Available: Yes

Financing: $200,000

Support/Training: Seller will stay on and is committed to a smooth transition for the new owner; and will carry $200K of the sale price. The company has been around for 17 years, it will continue to thrive and grow with a new business-minded owner. The 6 key employees have average tenure of 8 years and are very active in running the company, and will gladly stay on.

Reason Selling: The seller likes plumbing, but no longer likes running the entire business.