Business Description

This plumbing company specializes in working with general contractors and land developers rather than offering services directly to homeowners. They have a strong backlog of projects totaling over $90 million and primarily serve neighborhoods unaffected by interest rates or residential real estate markets in a 60-mile radius around Sacramento, California. The business, which has 98 employees and $1M in working capital, is priced at $24 million with the owner willing to hold 25% of the price to show commitment to its continued success after the sale. The company is a non-union shop with a focus on neighborhood production builders, boasting 6 top recurring clients and a leadership team of 8, including a President and CFO. The owner is selling due to retirement but is already in a passive role, offering oversight as needed. Potential growth opportunities for the business include expanding into service and maintenance work, as well as targeting more commercial projects in apartment complexes to further evolve and diversify its portfolio. With over $68 million in ongoing projects and a