50 Yr Established Plumbing & Heating Business

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30138521
Property Subtypes: Building and Construction Services
Building Size (RSF): 5,309 SF
Gross Land Area: 0.48 Acres
Sale Price: $620,000
Ceiling: 14 ft.
Name of Establishment: Don Morin Associates, Inc. Plumbing & Heating
Business Website Address: http://www.donmorin.com/
Year Business Established: 1969
Gross Revenue: $984,000 (Annual)
Cash Flow: $80,000 (Annual)
Relocatable Business: Yes
Last Updated: 8/18/2017

Overview / Comments

Long established Plumbing and Heating business with impeccable reputation for sale. Founded in 1969, and still run by the founder every day, but at 82, it’s time to retire! The existing and loyal customer list makes this acquisition an immediate success. Over 2,850 customers in the customer data base, and over 850 transactions were invoiced in 2016. The company handles residential and commercial plumbing and heating needs. The business is based on repairs and service and has been for the 48 years in business. In this market, the company is the number one contractor in water heater sales at FW Webb. It also offers a very solid commercial customer base, including all Cumberland Farms and Taco Bell stores in NH, and Dunkin Donuts stores in this market. This built in volume awaits the next operator of this business, who values quality service. Two plumbers and an apprentice are all on board, and awaiting the next challenge. Two journey man plumbers with 5 years and 15 years’ experience, one also has his gas license. All tools and inventory included in price. Business is valued at $315,000, + $80,000 vehicles, and $225,000 in land & buildings. Transitional management is available to assist. Jump in and start making money day one! Business name, phone numbers, websites and customer lists included in the price. NDA required for release of information and financials.

Additional Details

Nearest MSA: Laconia
County: Belknap
Industry Segment: Other Services
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $80,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $225,000

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,724 19,347 26,076
Median Age: 37.69 42.99 43.56
Households: 2,861 8,062 10,920

Contact

Photograph of Listing Agent

Kevin Sullivan

Weeks Commercial NECPE Member
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