Established and Profitable Plumbing Services Business

This quality business has had a solid financial performance over the years and positive cash flow – with a recorded revenue of $279,000 and SDE of $125,000 (6 months 2020). The owner has enjoyed an excellent work-life balance, having worked only 9-10 months in 2019. The provision of end-to-end solutions to clients, strong focus on quality workmanship, client satisfaction and 24/7 emergency services offering has benefited the business, generating several positive online reviews, excellent client retention rate and strong word-of-mouth referrals. The company has forged long-lasting relationships with clients, many of whom are long-term, loyal and repeat clients – establishing a growing database of over 6,500 existing and potential clients through which it communicates regularly to strengthen its relationships and generate repeat business. Additionally, the company has sought to differentiate its services on the basis of environmental awareness and cost savings. The trend toward water conservation, in particular, is rapidly becoming a leading driver in the evolution of plumbing materials, pumps and mechanical technology. Rainwater preservation systems are becoming a key area of growth for niche plumbing operators that service the nonresidential market. To this end, the company has also focused on offering water and energy efficient products and offering preventative services as cost saving measures to clients. The business has become a leader in water heaters and tankless water heaters installations and service. Further, it offers a range of services such as - Water Services: (Leak detection, water line replacement, plumbing fixture installation, toilet and faucets repair and more), Sewer Services: (Sewer line replacement, repair and servicing and drain cleaning) and General Plumbing: (Kitchen and bathroom remodeling, plumbing inspection, gas piping, pipe installation and relining and more). In addition to this, the company also offers 24/07 emergency plumbing services in Conroe, Tomball, Woodlands, Spring, Pinehurst and Northwest Houston - from highway 6/FM 1960 and 290 to 105 and I45. Pertaining to COVID-19, it’s also worth noting that the plumbing and other sanitation related industries have been deemed essential by federal guidelines from the Cybersecurity and Infrastructure Security Agency (CISA). As a result, the majority of industry players are anticipated to sustain operations through the pandemic. IBISWorld anticipates that industry revenue will grow at an annualized rate of 1.7% to $114.8 billion over the coming five years (IBISWORLD | Plumbers in the US | Report 23822B). Overall, this sale provides an excellent bolt-on acquisition opportunity for an existing company to grow its current client base and/or a family or individual wishing to acquire an established enterprise with exemplary systems and processes, excellent relationships with clients and with ample growth opportunities moving forward. Location: Montgomery County, Texas Year Established: 2016 Number of Employees: 1 Relocatable: Yes Home Based: Yes