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Old 11-15-2019, 07:08 PM   #1
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Default Want to inherit The Seattle Plumbing Co.?

Moving to Seattle? 20+ year old plumbing Co. For Sale!

(financed to the right licensed guy)

After 40 years of plumbing service & repair it is time to move on. Small two man shop doing mostly service and repair (residential with lots of hot water equipment work) is looking for somebody that wants to buy an existing service company doing 1000+ service calls a year (without paying for advertising or traveling) in the heart of Seattle. If interested, let me know. Ideal situation for skilled guy that wants to run his own show with 23 years of existing customer base. (You gotta be good!)

[email protected],com
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Old 11-15-2019, 07:25 PM   #2
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Two man shop. So why is the other guy not taking over?

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Old 11-15-2019, 07:40 PM   #3
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Looks like it has been for sale for almost 2 years.
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Old 11-15-2019, 07:48 PM   #4
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I had a cold call a couple of years ago from someone offering to help sell my company, so at that point 20+year old company, 1 million+ in annual revenue and 10 employees counting me. Rough estimate was my company was worth 400-500k. No thanks.
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Old 11-19-2019, 10:30 AM   #5
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Quote:
Originally Posted by The Dane View Post
Two man shop. So why is the other guy not taking over?

Good question. Unfortunately, not all plumbers want to (or capable of) manage a business - they are two different skill sets. In this case the other guy prefers to work with the tools and leave the office work to somebody else.
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Old 11-19-2019, 10:34 AM   #6
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inherit means FREE.....


in·her·it

/inˈherət/
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verb
verb: inherit; 3rd person present: inherits; past tense: inherited; past participle: inherited; gerund or present participle: inheriting


receive (money, property, or a title) as an heir at the death of the previous holder.
"she inherited a fortune from her father"

h
Similar:

become heir to

fall heir to

come into/by

be bequeathed

be left

be willed

be devised







  • derive (a quality, characteristic, or predisposition) genetically from one's parents or ancestors.
    "she had inherited the beauty of her grandmother"


  • receive or be left with (a situation, object, etc.) from a predecessor or former owner.

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Old 11-19-2019, 10:42 AM   #7
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Quote:
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Looks like it has been for sale for almost 2 years.
Well, sort of. I did start looking for an exit strategy a couple years ago as the right guy had to be found. We still haven't found him. Everybody is busy that knows what they are doing.
The right guy that is technically oriented AND capable/willing to run a business with a 20+ year customer base is out there just hard to find in todays culture.
Two years ago it was for sale. Today somebody is going t simply take it over that knows what they are doing that I trust is not going to drive it off the cliff as I will finance it over a few years so it can pay for itself.
We don't have to pay for advertising to make the phone ring. It is valuable to a licensed guy that needs it (especially when the economy turns).
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Old 11-19-2019, 07:46 PM   #8
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Quote:
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inherit means FREE.....
  • receive or be left with (a situation, object, etc.) from a predecessor or former owner
That's Exactly what is being proposed! I don't have to be dead to turn it over to somebody else ...
The right guy can walk in and take over a shop doing over 1000 service calls a year that pays virtually no advertising. It can be paid for over time from on a % of sales.
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Old 11-19-2019, 08:01 PM   #9
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Quote:
Originally Posted by SeattleHotWater View Post
That's Exactly what is being proposed! I don't have to be dead to turn it over to somebody else ...
The right guy can walk in and take over a shop doing over 1000 service calls a year that pays virtually no advertising. It can be paid for over time from on a % of sales.



Talk to @Tango, he would love to move away from the terrible area he is in now!










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Old 11-19-2019, 09:08 PM   #10
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Quote:
Originally Posted by skoronesa View Post
Talk to @Tango, he would love to move away from the terrible area he is in now!










.
Ain't Seattle a place where it rains all the time and so much that one singer I loved Curt Cobain (Smells like teen Spirit) committed suicide?

How about I move to Indianapolis where some plumber put razor wire in their store front??
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