High Net Plumbing Company

St Lucie County, Florida

plumbing equipment in a bathroom

Asking Price: $1,999,999

Opportunity Highlights

Annual Figures 2024:

- Gross Sales: $2,874,106

- Net Profit: $648,562

Expenses 2024:

- Materials: $599.115

- Salaries & Wages: $983,008

business overview

- Located in St Lucie County, FL

- Business opened in August of 2022

- Tons of great reviews

- Leases property at $2600 a month

- Lease is a one year lease but can be renewed

- Business is located on a busy road

- Service area - Boca Raton to Melbourne

- 10 employees (All W-2's)

- Service mgr, office mgr, 2 office personnel, 5 guys in the field, 1 helper

- Service manager handles the sales

- 7 vehicles years 2015-2023 (4 of the vehicles are newer)

- 2 jetter machines and other equipment totaling $50,000

- About $20,000 in inventory

- 14,000 customers currently and have not been targeted for marketing

- 99% service work. No new construction jobs

- 99% residential work

- Tracking for around $2,500,000 in sales for 2025.

- Started memberships recently - about 50 memberships so far, renew every year, $10-$70 a month

- 8am - 6pm working hours, 7 days weeks, no emergency calls

- Business completes 330-400 jobs a month

- Types of jobs: Water heaters, leaks, re-pipes, toilets, cameras, water lines

- Jobs come from leads (e-local, result calls), referrals, Google, Facebook, fliers

- There is an outside qualifier that will continue to qualify the business for $1,500 a month.

- No one else in the company that has a master plumber license but several can go take the test because they already have the hours needed

- Reason for the sale: Owner is going to focus on his HVAC business

- Owner will transition for 2-3 months

- Owner does not work in the business

- Fully approved by the SBA

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