Commercial Plumbing, Mechanical, & Piping Contractor For Sale

Business description

The Company is a commercial plumbing, mechanical, and piping contractor serving a 50-mile radius of its headquarters in Florida. The Company obtains work primarily through lump sum bidding and negotiates approximately 20% of its work. The Company performs 80% of its work, and contracts out 20%, including design capabilities for design/build contracts. Revenues for fiscal year 2007 were comprised of school and university projects, hotels, office buildings, condominiums, and other commercial clients. The Company's customer base totals approximately 15 active customers and the Company enjoys a 75% rate of repeat business.
With seasoned technicians and dedicated employees, the Company grew revenues at a Compound Annual Growth Rate (CAGR) of 6.4% from 2005 to 2007. The Company is well positioned for continued growth and success.

•Superior name and reputation: The Company enjoys a long-standing (21 years) reputation for its focus on safety, offering reliable expertise, and providing superior customer support

•Management will remain through transition: In order to facilitate a successful and orderly transition, the current owners are willing to remain with the Company for a transitional period

•The Company has 75% repeat business

•Minimal capital expenditures required for future growth