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NEW

Profitable Plumbing Business For Sale in Toronto

Revenue:

$2,900,000

Ref #:

1206

Location:

Toronto

- Very profitable Full-Service Residential and Commercial Plumbing Business established for more than 40 years has become available for sale due to owners' retirement

- Company has a multi-year track record of profitability; owner(s) discretionary earnings for period ending Mar 2022 was over $1.32M; average owner(s) discretionary earnings over past four years has been around $1.32M

- Year ending Mar 2022 revenue of $2.9M. Business is on track of doing approximately $3.3M in revenue in the current fiscal year. Almost 40% revenue is generated via retrofit/renovation work and 60% via service work

- Business has recently established a new working relationship with two new very reputable property management companies that could lead to higher revenues in future

- Business offers a complete set of plumbing services for the multi-residential and residential properties including backflow prevention, water service replacement, heating repair, booster pump replacement, sewer backup, toilet replacement etc.

- Business is on the preferred vendor list for many property management companies, condominium corporations and strip plazas and malls

- Non-Union staff 14 employees is in place, many of whom have been with the company for over a decade

- Business has 5 internal service vans and 2-3 subcontracted service vans on the road

- Current owner’s key role is to oversee operations, estimating and managing staff. After being in the trade for a few decades, owner is looking to retire; however, is willing to stay with the business as a consultant for a negotiable time period