Plumbing Business For Sale in Toronto

Name: Plumbing Business For Sale in Toronto
Address: Toronto, Ontario

Ontario,

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Overview

Very Profitable & well-established Plumbing business in Toronto for over 30 years
Business’ principal business activities include: Maintenance of Apartment Buildings; Plumbing & Drain Work; Concrete Cutting & Repairs; Sewer & Water Main Repairs
Approximately 40% of revenue comes from service work for rental apartment buildings, and 60% from new construction
Current owner is open to partial ownership with a strategic partner, or in the case of an outright sale, is willing to stay in the capacity of a consultant post-acquisition
Company has a multi-year track record of consistent profitability with average revenues of approximately $2.8M during the last 3 financial years, and Revenues in the recently completed financial year being approximately $3.2M
Average discretionary earnings in last three financial years have been approximately $740K with average discretionary earnings in the last financial year being close to $1M
Business benefits from repeat clientele and business relationships developed over 3 decades of being in the business that leads to ongoing revenues
Business price includes assets of approximately $600K
Business has a non-unionized staff of 8 employees inclusive of licensed plumbers & helpers
Over 90% of the revenues come from repeat business with little marketing.
Significant opportunity to elevate the business by leveraging the current brand for growth and implementing active marketing strategies. Exploring untapped verticals such as HVAC could also enhance business prospects. Moreover, finding a forward-thinking strategic buyer or partner has the potential to propel the business to the next level
Current Owner’s primary responsibilities include project management, estimating, overseeing operations, managing client relationships, and staff. The current owner is open to partial ownership with a strategic partner or, in the case of an outright sale, is willing to stay in a consulting capacity to assist with the business transition