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 Buy a Canadian company Listing # 44501001
 
 Business  For  Sale 
 Buy a Canadian company

Service Based Plumbing Business - Motivated Retiring Seller - Ref #1653

$1,295,000.00 (Cdn)

Service Based Plumbing Business - Motivated Retiring Seller - Ref #1653
 
Business Location: Toronto Area
Postal Code: M4C
Relocatable: No
 
Business Categories:
Construction & Renovations
Contracting Trades
 

  BUSINESS  FEATURES  

*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


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

*Business has a diversified client base.


MARKET & COMPETITION

*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.


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