Plumbing Business For Sale in Toronto
- Very Profitable, highly rated & well-established Plumbing business in GTA established for over 30 years
- Business services the residential and commercial clients, 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 $540K
- 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 with no single client leading to majority of business revenue every year
- Business price includes assets of approximately $310K
- Business has a non-unionized staff of 9 employees inclusive of licensed plumbers, gas fitters & 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
- Most of current revenues are generated organically through existing client base with minimal marketing
- Huge opportunity to take the business to next level by implementing active marketing strategies, including marketing to existing customers
- Owners are of retirement age, hence looking to sell the business, but are willing to stay on board for a negotiable period to assist with the transition of the business