773.243.1603
773.243.1603
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Listing ID:3N965

SOLD – Chicago Plumbing Business

Sold

This business offers a comprehensive range of residential and commercial plumbing services, both above and below ground, including repairs, replacements, and installations. The company services faucets, toilets, piping, drain lines, disposers, valves, gas lines, water heaters, sump pumps, underground sewers and water, and much more. They specialize in tank-less water heaters, water conditioning and filtration systems, sewer work, and trenchless sewer replacement.  They also enjoy strong relationships with nearby municipalities.

For over 51 years, they have served the Chicagoland area and grew from a one man shop to a three man operation in 1970.  Originally, the business was focused only on interior plumbing and heating services.  The company is well equipped to handle small in-home repairs all the way through larger commercial and municipal projects and repairs. In 1994 the current owner (who was an employee), with SBA financing, acquired the business from the original owner. Pushed by market demand, the company moved into more underground installation of sewers, water services and new home construction buildouts.  Operation has improved the net by cherry-picking revenue opportunities.

Transcation Details

  • Location

    USA, Chicagoland, Illinois

  • Results

    13 Inquiries
    1 Showing
    1 Offer

  • ESTABLISHED IN

    1964

  • Real estate Included

  • Full-Time Employees

    4

  • Franchise

    No

  • Industry

    Construction

  • Reason for Selling

    Other Business Interests

  • Inventory Included

    Yes

  • Part-Time Employees

  • Business

    SOLD – Chicago Plumbing Business

  • Acquirer

    Investor

  • Annual Revenue

    $765,033

  • Annual Cash Flow

    $188,730

  • Seller Financing

  • SBA Financing

    Yes

  • Listing Price

    $470,000

  • Acquisition Highlights

    – Long Established Repeat Customers
    – Easily “Portable” Operation
    – Strong Socio-Economic Local Demographics
    – Long Term Customer Relationships
    – 51 + Years in Business
    – Well Trained, Long-Standing Employees

Domenic Rinaldi, CBI