40+ year old Plumbing & Specialty Heating Co. with Real Estate
Business Description
Our client is the oldest, largest and best-known plumbing and specialty heating company on Orcas island, earning a superior reputation for quality and timely work.
With over 40 years experience, they provide all levels of residential and commercial plumbing services for new construction, remodels, and service work.
The company is known for its expertise in hydronic heating systems, using boilers or air-to-water heat pumps, and is the only on-island specialist for boilers and boiler tune-ups.
The Company has a team of four, including: 1 journeyman plumber (seller), 2 apprentice plumbers and 1 office manager. One apprentice will take the journeyman exam soon. The owner is involved in day-to-day operations as the journeyman plumber, estimator and heating plan designer.
Approximately 80% of the Company's work is new construction, working with select custom home builders. The Company does very little residential service work, even though demand for services on the island far exceeds existing capacity. Homeowner's often wait weeks for service, or must hire and pay travel time and expenses for off island plumbers. There is a huge opportunity to serve existing demand by adding a service department.
The ideal buyer is a journeyman plumber or company already in the industry.
With over 40 years experience, they provide all levels of residential and commercial plumbing services for new construction, remodels, and service work.
The company is known for its expertise in hydronic heating systems, using boilers or air-to-water heat pumps, and is the only on-island specialist for boilers and boiler tune-ups.
The Company has a team of four, including: 1 journeyman plumber (seller), 2 apprentice plumbers and 1 office manager. One apprentice will take the journeyman exam soon. The owner is involved in day-to-day operations as the journeyman plumber, estimator and heating plan designer.
Approximately 80% of the Company's work is new construction, working with select custom home builders. The Company does very little residential service work, even though demand for services on the island far exceeds existing capacity. Homeowner's often wait weeks for service, or must hire and pay travel time and expenses for off island plumbers. There is a huge opportunity to serve existing demand by adding a service department.
The ideal buyer is a journeyman plumber or company already in the industry.
About the Business
- Years in Operation
- 50
- Facilities & Assets
- The Company operates from a 3,750 square foot building, sitting on 1.91 acres. The building includes office, retail, warehouse, storage, and shop space. The real estate is located (and has high visibility) on the main road between the Orcas ferry landing and Eastsound. The property is Grandfathered for commercial use and designated for residential use, allowing for a future home site. A home site plan has been completed, including a stormwater plan, water availability and septic design. The Office/warehouse is on septic and has an RV hookup.
- Market Outlook / Competition
- Orcas is the largest of San Juan County's 20-inhabited Islands, is 57 square miles and referred to as the "Gem" of the San Juan's. Orcas is a popular year-round vacation/retreat location, accessible by WA State Ferry, air, seaplane and sea charter services, private plane or watercraft.
The full-time population is approximately 6,000 (2020 census),and swells 2-3 times in summer months. - Opportunities for Growth
- In addition to creating a service department as mentioned above, there is currently no known heating and air conditioning (HVAC) resource on Orcas Island, creating additional opportunity to tap into that market.
The Company receives phone calls daily requesting plumbing services, even though they do no outbound marketing and has no website or social media presence to support inbound marketing.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Seller wishes to retire, although will remain on the island.
- Transition Support
- The selling is willing to assist in transitioning the business to a new owner as needed.
- Financing Options
- Vetted for SBA financing. Seller may consider financing the real estate.
Listing Info
- ID
- 2204235
- Listing Views
- 4792
Listing ID: 2204235 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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