A Wellington plumbing business with a history of servicing the region for nearly 30 years is now on the market.
ABC Business Sales’ Ollie Wright says the company has a rock-solid team of highly qualified staff in place, with a group having been with the company for a number of years.
The staff operates the day-to-day operations with the support of a general manager and without the direct support of the owners.
Currently run from leased premises, the opportunity is perfect for someone who wants to step in and run a team of certified, registered and apprentice plumbers or for an existing operator looking to expand.
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Over the past couple of years, trading has seen the business hold a steady turnover in excess of $3 million a year and profits of over $500,000 year-on-year.
With plenty of future projects in the pipeline and a loyal client base, there is huge potential for these figures to increase.
Offering a wide range of plumbing services in both the residential and commercial sectors of the market, the business emphasises quality workmanship in all areas, Wright says.
“This is clearly one of those businesses that is going to continue to do well into the future.
“There are fantastic, innovative systems in place and a constant flow of varied work across the different sectors.
“It is a rare opportunity to find a managed plumbing business like this on the market,” Wright says.
He adds there are plenty of growth opportunities.
“With a large client base already in place, all this business needs to do is market new services that they can offer.”
These could include heating, pipe-relining, commercial projects, plumbing maintenance-servicing, and new housing and renovations.
“Offering these services will definitely help contribute to increasing turnover and yearly profits.”
Wright says the vendors have enjoyed great success over the past 30 years, and there is no doubt that the business will continue to succeed with new owners.
But the current owners feel the time has come for a new challenge in their lives and they are looking forward to retirement.
The asking price is $1.5 million.
Contact: Ollie Wright, ph 021 0812 2355, [email protected]
Michael Mebus, ph 021 885 797, [email protected]
— Article supplied by ABC
