Very Profitable, highly rated & well-established Plumbing business in GTA for over 30 years
The owners maintain a semi-absentee work arrangement, typically adhering to a four-day workweek schedule
Business services the residential and commercial sector, with revenues earned from service calls, bathroom renovations & retail part sales
Business has earned many five-star reviews and ratings on third-party websites like Google, etc.
Company has demonstrated a multi-year track record of consistent profitability with average revenue of approximately $2.2M during the last 6 financial years, with average revenues in the last 2 years being approximately $2.4M and discretionary earnings in the last 2 years being approximately $500K
Business revenues decreased during COVID, however, total revenues are close to pre-COVID levels
Business has developed a loyal client base of approximately 12,000 customers. Business benefits from a large repeat clientele and business relationships developed over many years
During the year-ended October 2022, approximately 55% of the revenue was from Service Calls, 35% from bathroom renovations & 10% from retail sales
Business has a diversified client base with no single client leading to majority of business revenue every year
Business price includes assets of approximately $380K
Seller will consider up to 15% Vendor Take Back (VTB) financing for a qualified buyer
Business has a non-unionized staff of 9 employees inclusive of licensed plumbers, gas fitters & a renovation team (excluding owners) and 17 subcontractors
Business owner(s) key role is to oversee operations, estimating, manage staff
Business & showroom operates from a high traffic & visible facility owned by the Seller
Most of current revenues are generated organically through existing client base with minimal marketing. Huge opportunity to take the business to next level by implementing active marketing strategies, including marketing to existing customers
Owners are of retirement age, hence looking to sell the business, but are willing to stay on board for a negotiable period to assist with the transition of the business
