This company provides a full range of Plumbing and Heating services. They are also recognized as experts in Radiant in floor heating and tankless water heater systems which are part of a “hydronic heating system” popular in high end homes in Colorado. They provide maintenance and repairs also which helps with recurring revenues. This company provides both commercial and residential services for new construction or remodels. They have seven full time employees including two master plumbers whose licenses a new owner can use. They pride themselves in their fast and accurate estimating of the time and cost of the job before any work is done.
The trailing 12 months earnings were 252,161 from 1,270,164 in revenues through September 30, 2018. Terry spent most of September and Harvey some of September in North Carolina because her Brother’s house was flooded. 2017’s earnings were 294,137 from revenues of 1,283,921. They have been profitable all 26 years including the 2008 to 2012 downturn. The seller is asking for 575K. This price is less than 2 times the adjusted 2017 earnings and less than 1 ½ times the earnings of 2016.