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Business Listing
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| Listing No.: | 25071709 | Contractor Services Plumbing | |
| Business Desc: | Union Plumbing Contractor | ||
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Business Details
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Revenues
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Adjusted Cash Flow
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Selling Price
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Down Payment
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$11,655,036
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$1,128,973
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$1,700,000
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$1,700,000
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General Location:
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San Diego County | |||
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Executive Summary
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Take advantage of the billions of federal funds benefiting union contractors with this highly-regarded San Diego union plumbing contractor. Founded more than 20 years ago, this Company specializes in industrial, institutional and commercial plumbing (including mechanical and site work). The firm has a long and enviable track record working with the military, government and educational institutions, and is perfectly positioned to capitalize on the current stimulus spending initiatives. A solid performer year-after-year, this Company sparkles from top to bottom, and is ready for a smooth transition to new ownership. Current 2010 backlog exceeds $10 million. Offered for sale for the first time by its retiring owners.
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Marketing Summary
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| This Company does no advertising, and doesn't have to (the ad budget is zero). After years of providing high-quality contracting services, the firm simply chooses which of the offered bidding opportnities it will respond to and accept. Growth is limited only by new ownership's willingness to take on additional work and new clients. Owner feels that advertising is a sure-fire way to increase sales. |
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Strengths Summary
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• Highly respected • Strong revenues and profits • Union shop -- attractive in today’s TARP-fund environment • Long-term relationships with the region’s best general contractors • Strong presence in San Diego marketplace • Readily scaleable to current contract requirements (flexible union staffing) • Fully computerized systems in place -- meet all certification and audit requirements • Complete infrastructure – limited capital expenditures needed |
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Hours and Staffing
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| Monday through Friday, 8:00 a.m. to 5:00 p.m. Occasional weekend work if requried. Currently employs 47 -- ranges from 40 to 80 based upon job sequences. Union contract allows for flexibility. |
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Area and Facilities
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| Occupies a well-planned 7,980 square foot free-standing building in an attractive industrial park. Approximately 3,000 sq. ft. is office space, the balance is used for warehousing and assembly. Completely equipped from small tools to large heavy-duty vehicles, this Company's infrastructure is complete. The building is available for lease or purchase to new ownership (financial results presented reflect a purchase with an SBA 504 loan, estimated value $1.25 million). |
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Company History
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| Founded more than 20 years ago. Consistent growth. |
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Financial Summary
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| Financial results shown are ending 12-31-09. 2010 results are expected to meet or exceed 2009. Transferring assets are an estimate of original cost from tax return depreciation schedule. Current value is different. SBA loan available. |
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Additional Information
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| This is a confidential business offering. All prospective purchasers are required to sign a Non-Disclosure and Confidentiality Agreement and provide proof of financial capability. Minimum net worth requirements, the ability to obtain surety bonds and working capital are prerequisites. |
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Contact Information
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| Contact: | Ken A Oppeltz | |
| Office: | VR BUSINESS BROKERS | |
| Office Phone: | 858-391-3388 | |
| Email: | ken@vrsandiego.com | |
