The company is a specialty trade contractor offering new construction plumbing for residential and commercial applications. The Company’s primary services include installations in multi-unit residential structures, single-family homes, high-end residential and commercial applications. The Company offers a wide range of services, which include: drains, sinks, bathrooms, toilet, sewage, water heater, water softening and gas line installations.
The Company operates from a 11,000-square foot facility, which it leases from the Owner. The facility includes a storage yard, warehouse, and office space. Offering these services requires a facility, a State Contractor’s License and 90 personnel with industry experience. The Company has a proven track record, supported by 11 years of ongoing business. With its niche range of services, the Company’s marketing efforts focus on targeting general contractors in its Metro Area. Revenues have been increasing 26% over the past several years due to an improving economy. The company has a $30 M backlog.
Revenue and Profits
The Company revenue last year was about $18.2M with net profit (before taxes) of $3.1M. With a large customer base and solid reputation, the Company continues to attract new customers while maintaining its reputation with existing ones. New construction projects currently account for about 95% of its business.
An opportunity exists to capture a greater share of the following markets:
- Residential: Currently, 85% of the Company’s revenue derives from residential applications.
- Commercial: Currently, 15% of the Company’s revenue derives from commercial enterprises
