Business for Sale

Opportunity Information

Established Franchised Plumbing and Drainage Business

Kelowna Thompson/Okanagan Central Okanagan Service $499,000.00
 

**This image may not be a representation of the actual Business or Property for sale**

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Business Type Service
Price $499,000
Real Estate Included No
Real Estate Value $
Revenue $1,400,000
Cash Flow $221,000
Years in Business 7
Is Inventory Included No
Inventory 20000
Type of Sale Share

Business Description

This Plumbing, Drain Cleaning and Excavation Business operates under a well known franchise and
has consistent income and net profits.
The business has a reputation for delivering quality work and maintaining client retention and referrals with professional and courteous interaction with clients. The business caters to both residential and commercial clientele.
The range of services include plumbing installations and repairs, drainage installation and cleaning, excavation services and commercial kitchen grease trap clean out. Prior to the current owner the Franchise had previously operated for many years.
The Franchisee has the rights to Water Restoration which will offer the new owner the opportunity to
set up this separate division that will add to income.
This business is located in the Thompson Cariboo region of British Columbia.

Facilities

The facilities are located in a residential commercial location and owned by the Sellers. The building is 1,816 square feet and as part of the purchase of the business. The owners will enter into a new lease which will be negotiated. The Buyer also has the option of purchasing the premises.

Growth/Expansion

Currently there is more business than the company can service. The new owner should develop a recruiting and training plan to attract current and new employees into the business. The company currently does excavation work, some of which is not tied to the drainage work, but are separate contracts. This business could be expanded by investing in an excavator so inquiries can be contracted without the need to use an outside operator.
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Community Profile: Kelowna

Thompson/Okanagan
Central Okanagan

Kelowna is the largest community in the Okanagan Valley. Bordering Okanagan Lake, Kelowna is well known for its warm summers and temperate winters. Kelowna continues to be one of the fastest growing cities in BC with high technology, niche manufacturing, health care, tourism and post-secondary education sectors in particular attracting new business and residents to the area.

Statistics
Total Population 127,380
Median Household Income $68,627 ($CDN)
Closest Commercial Airport Kelowna International Airport (14km)
Closest Ocean Port Port of Vancouver (362km)
Closest Major Centre Vancouver (362km)
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