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Asking Price:
$725,000
Cash Flow:
$263,088
Listing No:
2087100
Gross Revenue:
EBITDA:
Base Rent:
FF&E:
$475,000
Year Established:
1997
Inventory:
Respected business with huge growth potential!
This is an incredible opportunity to own a well-known, highly respected leak detection and repair company in the San Francisco Bay Area.
They work on pools, spas, ponds and fountains, high-pressure irrigation systems, domestic hot and cold-water systems, sewer and septic, well, natural gas, main, and fire protection lines.
Their service technicians are NAUI- and PADI-certified scuba divers.
Business Details
Location:
Contra Costa County, CA
Real Estate:
Owned
Building SF:
Lease Expires:
Employees:
7
Home Based:
Reason for Selling:
Retirement
Facilities:
The company occupies an approximately 4500 sq. ft. building (half sqf. office space; half sqf. warehouse) with gated parking. The Sellers own the property and are open to selling. The company's highly advanced equipment includes sonar survey electronics, thermography, molecular analyzers, RD Electronic Pipe & Utility Line Locators, and camera inspection units that aid technicians in properly locating and repairing any concealed leak. Sale includes $475,000 in assets.
Competition:
The market for leak detection services is not saturated. Most leak detection companies are weeks to months booked out in advance. With limited resources for water, water districts are constantly monitoring customers' usage and notifying customers or potential leaks and fines for not addressing the leaks.
Growth & Expansion:
The leak detection market is wide open for expansion, with only a handful of businesses operating in the SF Bay Area. The company purposefully remained small, generating $1,226,151 in 2022, to maintain its high standards and reputation. A new owner could consider hiring additional technicians, opening satellite offices, and developing a targeted sales & marketing plan as ways to grow.
Financing:
Support & Training:
30 days’ training. Owner open to remaining as RME depending on terms if buyer is not licensed.