Information regarding the business is listed below:
> Licensed plumbing contractor (C-36 license) with affiliation with Minority Business Entrepreneurs (MBE)
> Specialize in commercial work; 10% of operations is in residential
> I currently have 7 full time employees, based on my current workload; I have had upwards of 15 full time employees plus subcontractors based on previous work loads.
> I have contracts with General Contractors, who contract directly with Target, Wal-Mart, Starbucks, Subway, Buffalo Wild Wings, Villa Marina Marketplace (Strip Mall), Sam's Club, and Beauty Salons.
> All work has been in Southern California
> Assets include a work truck (fully paid off, currently valued around $20-$25k), and personally owned tools and equipment to complete scope of work on above projects. Total value including truck of roughly $50k.
> No website, no advertising, no marketing; all business generated from building relationships from year to year and maintaining those relationships
> The business has doubled on avg from year to year in gross receipts; gross receipts for 2012 are roughly $1,100,000 (Cash Base accounting methods); upwards of $1,400,000 (Accrual Base accounting methods)
> I currently have a new contract on the books for a Wal-mart Super Center that starts in late January of 2013...contract is for $452,000 and is about a 9 month project; currently have a Pier 1 Imports on the books that is in contract for $18,000 as well as other small projects closing out early 2013
> Reason for selling the business is to move on to the next business venture; I have a college degree in entrepreneurship and had planned after 5-7 years to move on to a new venture; in February 2013, i will close out my 5th year in this business
Asking price: $700,000 but negotiable...willing to carry up to 50% as a loan.
I can be reached by phone at 626-523-6506.