Headquartered in Northern California, the Company is a full-service plumbing company specializing in all types of plumbing work serving commercial and government markets in the local market. The Company provides plumbing services for new construction and remodeling installation, repairs, and replacements. The Company has developed a strong brand reputation in the local area, attaining high-quality commercial customers. Year over year, the Company’s customer base has increased recurring revenue, leading to organic revenue expansion. The Company’s backlog totals $2 million in progress, including a $1 million hospital projects, as well as $1.25 million in contracts won, but not yet started.
Multi-year Contracts: The Company has contracts extend over multiple years offering consistent recurring revenue streams that bolster the bottom line.
Low Employee Turnover: The Company has a low turnover, which is a signal of efficiencies and alignment within the Company. Low turnover allows the Company to retain the most skilled and experienced personnel in the industry.
Not Highly-Dependent on Current Ownership: The Company’s management is structured optimally with highly-qualified and reliable personnel such that it can run well without ownership’s presence.
Strong Client Relationships: The Company has built an extensive customer list and good industry relationships since its inception. The customer base is loyal, which allows the Company to save marketing costs that competitors must foot, both in acquiring new customers and in obtaining repeat business from existing customers.