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SBA APPROVED: ABSENTEE RUN PLUMBING FRANCHISE - SC2056


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 SBA APPROVED: ABSENTEE RUN PLUMBING FRANCHISE - SC2056

 
  • Asking Price: $2,750,000
  • Gross Revenue: $3,062,000
  • Cash Flow: $991,527
  • Down Payment: ON REQUEST
  • FF&E (Included): $250,000
  • Inventory: $250,000
  • Financing: Yes

 Business Location

  • Norther California

Primary Business Category: Septic Tank and Related Services

Seller Financing - Absentee Run Plumbing Franchise with 40% Increase in SDE

This Northern California plumbing franchise is a California S Corporation and was started 30 years ago and has been owned for the past 8 years by the current Owners. This business operates 7 days per week, 24 hours a day, providing both commercial plumbing and residential plumbing services. Commercial services range from water leaks, water heaters, water jetting, sewer, backflow and sump pumps. Residential services range from septic and waste water, water heaters, drains, dishwashers and bathroom plumbing, just to name a few. There is also a wide array of branded products that are sold as well, including grease trap treatments, digestants and septic tank treatments. A C36 plumbing license is required to operate the business.

Competition Description

The competition landscape is fragmented and does not have the consistency as this business. Some are overpriced, some cannot do encroachment work, some only do commercial, some only do septic, some do only drain clearing. No one offers the complete set of services and 24 by 7 coverage as this business does.

Growth / Expansion overview

Since this is a national well recognized franchise, a number of their leads come from customers who recognize the name but also from repeat customers that return along with marketing they do in newspapers, direct mail, internet, Television, SEO optimized website and social media.

Support / Training Comments

The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training is available from Sellers at a mutually agreed upon price. Corporate Franchisor training is also available.

Financing Comments

Seller willing to finance up to 25% of the transaction at 7% interest over 5 years dependent on the price and also the quality of the Buyer.

Reason For Sale

Sellers are looking to semi-retire

  • Home Based: No
    •  
  • Year Established: 1991
    •  
  • Franchise: Yes
    •  
  • Year Acquired: 2013
    •  
  • Willing to Train: Yes
    •  
  • Relocatable: No
    •  
  • Required Licences: C36 Plumbing License
  • Is Property Leased: Yes
    •  
  • Real Estate Available: OPTIONAL
    •  
  • Real Estate Included: No
    •  
  • Real Estate Value: N/A
    •  
  • Real Estate Asking: N/A
    •  
  • Days Open: Monday-Sunday
    •  
  • Hours Open: 24/7
    •  
  • Fulltime Employees: 13
    •  
  • Part time Employees: N/A
    •  
  • Is Management Staying: No
    •  
  • Distressed: No
    •  
  • Monthly Payroll: ON REQUEST
    •  
  • Building Size: 3600 sq. ft
    •  
  • Monthly Rent: $5,500
    •  
  • Lease Expires: 07/31/2023

 

 Broker License ID: 02100708



Listed By: Adriana Sargent

Background information

Reference:

SC2056

Year established:

1991

Reason selling:

Sellers are looking to semi-retire

Finance

Sales:

$3,062,000

Operations

Employees:

Full time Employees: 13 Part time Employees: N/A

Equipment:

Upon request

Inventory:

Upon request

Premises

Facility:

Upon request

Square footage:

2600

Rent and lease terms:

Monthly Payroll: ON REQUEST Building Size: 3600 sq. ft Monthly Rent: $5,500 Lease Expires: 07/31/2023

Location:

Norther California

Opportunities

Growth:

Growth / Expansion overview Since this is a national well recognized franchise, a number of their leads come from customers who recognize the name but also from repeat customers that return along with marketing they do in newspapers, direct mail, internet, Television, SEO optimized website and social media.

Market:

Competition Description The competition landscape is fragmented and does not have the consistency as this business. Some are overpriced, some cannot do encroachment work, some only do commercial, some only do septic, some do only drain clearing. No one offers the complete set of services and 24 by 7 coverage as this business does.

Price and terms

Price:

$2,750,000

Financing:

Financing Comments: Seller willing to finance up to 25% of the transaction at 7% interest over 5 years dependent on the price and also the quality of the Buyer. Additional financing: SBA financing, bank financing, cash.

Training:

Support / Training Comments The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training is available from Sellers at a mutually agreed upon price. Corporate Franchisor training is also available.