Debt-free 37-year Plumbing Amd Gas Fitting Contractor For Sale

Property Information

Real Estate:

Lease

Location:

Vancouver Island, BC

Premises Details:

Leased office on a month-to-month basis (about $1,150 per month) with no long-term lease obligation. No real estate is included in the sale.

Business Operation

Management type:

This business is owner operated.

Expansion Potential:

Several low-capital growth levers are untapped and none are reflected in historical results: (1) capture septic, HVAC and electrical calls already coming in but turned away, which the owners estimate at $30K to $50K per month; (2) certify a plumber for septic field installs and repairs; (3) raise labour rates toward the $179 to $259/hour charged by premium local shops; (4) invest in reviews and paid search, as advertising runs at about 1% of revenue; (5) bid local multi-family new construction, never pursued to date. The office and dispatch team can already support additional vans, and the owners have previously run 6 to 7 plumbers at once.

Competition / Market:

The business serves a growing regional market with estimated local plumbing and HVAC spend of roughly $36M (Breakwater estimate) and holds an estimated 4% share. Its revenue is about twice that of the average Canadian plumbing, heating and air-conditioning contractor ($708K). Competitors include newer firms investing heavily in online reviews and paid search, well and plumbing specialists, national franchises, and premium shops billing $179 to $259 per hour. The company differentiates through below-market pricing ($145/hour), a 24-hour live response line, in-house excavation capability, and a 37-year reputation with a 4.7-star Google rating.

Reasons for selling:

The owners are retiring after a long and successful period of ownership. In their words: "We've had a great run. Owning the business has allowed us to achieve most of our financial ambitions and we are now ready to relax and enjoy the fruits of our labour."

Trading hours:

24/7 live service line answered by a licensed plumber

Employees:

10

Years established:

37

Other Information

Support & training:

The owners will support the transition with introductions to key commercial accounts, transfer of the principal's mobile number (used by many customers), and training in quoting and crew oversight, with duration and terms to suit the buyer. Office and dispatch staff already manage daily operations, and Sage 50, supplier accounts and payroll will be handed over. The owners will sign a 5-year non-compete.

Financing available:

Buyer's lender financing; deal structure is open. A seller note and an earnout or holdback are to be negotiated. The business is debt-free and cash-flowing, with compiled (not audited) financial statements for FY2022 to FY2026.