Flippa
FOR SALE
Business Name

Confidential

Business Model
Services
Industry
Home and Garden

$515,000

Asking Price
Multiple 2.3x

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Plumbing website producing 100 service calls per month. Verifiable $28k+ Profit in April 2019. So far in May 2019 on 5/15/2019 we are at $13.5k.
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
United States
Date of Founding
2016
Full-Time Staff
1 to 10
Annual Revenue
$240,000
Annual Expenses
$20,000
Annual Net Profit
$220,000
Profit and Loss
Evidence of Revenue
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month February 2019 March 2019 April 2019
Revenue $14,000 $16,600 $30,000
Expenses $1,550 $1,567 $2,014
Net Profit $12,450 $15,033 $27,986
Month March 2019 April 2019 May 2019
Pageviews 205 204 65
Users 103 97 42

Note: Traffic data was provided on May 15, 2019. Enquire for more recent data.

Business Description

Our business provides residential and commercial plumbing services to the residents and businesses of Gaithersburg, Germantown, Rockville and Potomac, Maryland areas. We are an on-call basis type of plumbers. You DO NOT need to be a plumber to take this business over, just an organized and smart business owner is all it takes. You can hire other plumbers in the area to create a new team.

How does your business make money?

In the affluent market of Montgomery County, MD, our minimum service charge is $175. This is a guaranteed minimum charge for us to dispatch a truck and respond to any calls. They pay this whether they want to continue with the repairs or not.
Our average everyday job sale is $375, and this is on the low side. April 2019 we did $28k profit from 39 jobs.

The website produces about 100 calls per month. If you were to just service half the amount of calls this website receives and do the math ( 50 calls x $375 ) you get over $18.5k per month in revenue. Keep in mind that charging $375 is common issues for residential issues and some jobs easily exceed this. We are currently passing up big jobs due to the lack of plumbers and organization. We basically are just servicing all the easy calls and making a quick buck.

With the right leadership moving forward, Gaithersburg Plumbing Pros can easily generate well over $50k per month Profit.

Why should someone buy this business?

This business brand is well established online and is in its prime growing stages as of 2019. It is effectively growing too fast for me. The business has a 4.9 star Google rating with over 60 reviews and growing. With just 2 -3 plumbers, and one business owner, you can profit well over $300k per year. Just with basic residential jobs like faucets, water leaks, kitchen sinks, bathrooms, toilets, you can consistently complete jobs all day and charge an average of $375 per job. If you have 2 plumbers each doing 3 jobs per day, that is $2,250 per day in total revenue. Even if you paid your plumbers 50%, you would still put over $1,000 per day in your pocket. This is what the website can do TODAY, as is! In the future, it will grow even further. Everything is tracked and recorded using Call Recording Software that verifies call count and recording of appointment bookings and you will get full control and exclusive rights to this system that is very simple to use.

How can the future owner improve this business?

This website and business ranks in the Top 3 in Gaithersburg, MD (population 70k) for Plumbing. If you were to pay Google Ads for this, they charge $75 per click to your website, that is not a phone call...just a click to your website. My website is already producing high-quality LIVE CALLS, ready to go. You would need to keep the website and brand running at high standards and keep receiving great reviews. I also can recommend you to the same company that ranked this website over the years to the Top 3 in Gaithersburg, MD.

Why are you selling this business?

This business is something that took me over 4 years to cultivate to what it currently is producing consistently. It's my baby. But at this point, it is growing fast and I miss out on a few great jobs every month due to lack of knowledge in the plumbing field. Yes I subcontract out the work and they handle it all but they are independent contractors and usually lack the necessary staff/crew to get a big job done. However, with answering the phones, communicating the project details to customers, or managing the plumbers, it is becoming more than I can handle. I have brought this company up from the ground up and my job is done. I have done the hard work and made an automatic biz model. I feel like this is a special opportunity for someone else to hop right in and make their dreams come true with a truly turn key ready to take the chains tomorrow type of business model. I am also giving you 2 of my subcontracted employees that are great plumbers and can bring in the big bucks for you.

Business Strengths

  • Brand and Community Loyalty
  • High Barrier of Entry to Market
  • High levels of Automation
  • Length of Operation in Niche
  • Positive Customer Reviews

Opportunities for a new owner

  • Capitalise on the Emerging Market
  • Improve or Outsource Operations
  • Improve Customer Service

Key day-to-day operations

  • Managing Staff
  • Customer Support / Service

Marketing

  • SEO

Assets

  • Contracts (written or verbal) with customers and suppliers
  • Custom technology
  • Domains
  • Hosting accounts
  • Marketing materials and collateral
  • Social media accounts
  • Vendor contacts
  • Website files, source code and content

Social Media

Facebook
53 followers
Instagram
0 followers

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

Confidential

United States