Plumbing and Heating Supply
Location: New York
Industry: Construction Businesses, Building
Description of Business
This heating and plumbing supply business, located in Westchester County, NY, has grown sharply over the past two years and is poised for further growth. Excellent opportunity for someone in a position to finance larger inventory levels. Current owner has strong relationships with large potential customers that need to work with a supply house that carries more stock. Current owner will transfer these relationships to the right person.
Property Information:Established plumbing & heating supply company. Almost $400,000 in sales in ’08 with adjusted earnings over $130,000. 1 full time employee, 1 part time. Large commercial customers. Excellent reputation. Purchase includes accounts receivable ($105k), inventory ($195k), client list and a non-compete agreement. Sales are growing sharply thus far in ’09 and have not been affected by the current housing market.
Competition and Growth Potential:Excellent opportunity for buyer to grow business if they have the liquidity to finance more inventory. Current owner has relationships he will pass on that want to do significantly more business, but current owner cannot afford to finance the inventory.
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