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Service Based Plumbing Business For Sale In Toronto #1653

$1,898,000.00 (Cdn)

Service Based Plumbing Business For Sale In Toronto #1653
 
Business Location: South Central Ontario
Postal Code: L4Z
Relocatable: No
 
Business Categories:
Construction & Renovation
Contracting Trades
 

  BUSINESS  FEATURES  

*Very Profitable, highly rated & well-established Plumbing business in GTA for over 30 years
*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 a multi-year track record of profitability with average revenue of approximately $2.2M during the last 5 financial years, with revenues in the year-ended October 2022 being approximately $2.5M and discretionary earnings in the year-ended October 2022 being approximately $533K.

Revenue : $2,500,000
Asking Price: $1,898,000
Ref: 1653
Location : Toronto


FINANCIAL INFORMATION

*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.

MARKET & COMPETITION

*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
*Business has a non-unionized staff of 9 employees inclusive of licensed plumbers, gas fitters & a renovation team (excluding owners) and 17 sub-contractors.
*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

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