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Plumbing & Heating Contractor for Sale in Southern Connecticut
| Reference #: |
05221628
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| Location: |
Southern Connecticut
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| Price: |
$100,000 |
| Amount Down: |
$100,000 |
| Revenues: |
$164,627 |
| Discretionary Earnings: |
$93,648 |
| Total Assets: |
$15,000 |
| Business Description: |
Business is a plumbing & heating contractor established in 1976 and still run by the founder of the business. Currently, owner is operating the business without employees and sub-contracts for required services as needed. Owner has the following licenses: a) P1 (Plumbing & Piping), S1 (Heating & Cooling), F1 ( Fire Sprinker & Fire Protection Unlimited). These licenses will be required of a new owner. The seller may spend some time with purchaser to assist him in getting these licenses depending on the structure of the deal. Sales per 1120 Corporate Tax Return for the year 2010 were $164,627 and owner income including add-backs was about $90,000. The years 2009 and 2008 were roughly the same. For the current year 2011, sales will come in higher than these three prior years at about $225,000 to $235,000. Most of the work is residential plumbing & heating which the owner prefers, although there is some commercial business which can be increased. Business is run out of his home. Equipment includes a 2992 GMC Van and other tools. |
Contact Us About This Business For Sale
The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business. |
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