Very Profitable & well-established Plumbing business in Toronto for over 30 years
Business’ principal business activities include: plumbing & drain work; concrete cutting & repairs; sewer & water main repairs; apartment maintenance & new construction
Company has a multi-year track record of consistent profitability with average revenue of approximately $2.5M during the last 5 financial years, and average discretionary earnings of approximately $600K
Average revenues in last two financial years have been approximately $2.6M and average discretionary earnings in the last two financial years being approximately $620K
Benefits from repeat clientele and business relationships developed over 3 decades of being in the business that leads to ongoing revenues.
Over 90% of the revenues come from repeat business with little marketing. Huge opportunity to take the business to next level by implementing active marketing strategies and providing other complementary services to existing client base
Approximately 60% of revenue comes from new construction, and approximately 40% coming from service work for rental apartment buildings
Business price includes assets of approximately $600K
Business has a non-unionized staff of 8 employees inclusive of licensed plumbers & helpers
Owner’s key role is project management, estimating, overseeing operations, manage client relationships and staff. Owner is close to retirement age, hence looking to sell the business but is willing to stay in a consulting capacity to assist with the transition of the business
