Here is a rare chance to acquire a well-established, highly profitable business in the plumbing and home services industry. With consistent revenue, high margins, and strong cash flow, this company is an attractive investment for strategic buyers and investors. Serving both residential and commercial customers, here’s why this company stands out: Business Overview • Industry: Residential and Commercial Plumbing Services • Years in Operation: Since 2019 • Location: Based in San Diego, CA • Ownership Structure: Two partners, allowing for a smooth ownership transition post-sale. Financial Highlights 1. Consistent Revenue and Growing Profit Margins: o 2024 Revenue: On track to hit $500,000 in Gross Profits o Revenue Trend: Revenue has remained stable and is increasing o Very minimal debt, will be paid off with sale of business Operational Strengths • Optimized Expense Management: The company has implemented cost efficiencies that contributed to lower COGS in 2023, resulting in higher profit margins. This streamlined cost structure reduces operational risk and enhances profitability. • Asset-Backed Security: The business has made significant investments in vehicles, equipment, and tools, which provide value to new owners and reduce the need for immediate reinvestment. • Growth Potential: An established reputation and customer base present multiple growth opportunities. With options to expand services or scale geographically, new owners have significant potential to increase revenue. Future owner can offer services such as 24hr emergency services, pipe lining, restoration services and other non-light duty services for at least $100,00 plus in additional revenue! Current services are categorized as light duty and include: Aluminum Gutter Installation Downspout Installation Drain Installation Emergency Services Faucet Repair Gutter Cleaning Gutter Repair Pipe Installation Sewer Services Sink Repair Toilet Repair Water Heater Installation Downspout Cleaning Downspout Repair Drain Cleaning Faucet Installation Garbage Disposal Repair Gutter Installation Leader Head Installation Pipe Repair Sink Installation Toilet Installation Water Filter Services Location: San Diego, CA Employees: 3 Facilities: The asset being sold is the customer/client list (with service contracts) and the attached generating revenue that accompanies it. (Home Based) Financing: Seller willing to finance a portion of the sale.
This is an outstanding opportunity for an investor now and owner user in the future. Two separate buildings on two separate parcels will allow new owner to rent one property and use the other. Fenced secured yard with dock high one story buildings such as this are difficult to find. Currently, Canteen which is part of the Compass Group, a worldwide conglomerate, is the tenant with a lease that is as close as possible to NNN. Newer three story light manufacturing buildings have been built west of this property.
601-7 Stork St and 601-15 Stork are being offered as a package. The property consists of 8 3bd/1ba Cottage Style units and a 1bd/1ba Cottage. The property has two separate APNs. Total lot size between both parcels is 20,112 sq ft and offers 10 parking spaces for tenant use. The property has been well kept over the years and an opportunity exists to renovate the existing units and increase rents to market rate.
711 61st Street consists of 5,782 square feet of structures on a large 15,799 square foot lot. The unit mix is one 2 bedroom / 1 bath, five 1 bedroom / 1 bath, and five studio units. The subject property has three structures and 13 parking spaces. There are 10 legal units and an 11th unit for which permits are unknown. Two studios had been previously converted to 1 bedroom units. The property has onsite laundry and upside in rents as well as ADU potential. The property is in a predominately residential neighborhood.
The median home value in San Diego, CA is $833,500. This is lower than the county median home value of $846,300. The national median home value is $338,100. The average price of homes sold in San Diego, CA is $833,500. Approximately 44.5% of San Diego homes are owned, compared to 48.82% rented, while 6.68% are vacant. San Diego real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a San Diego real estate agent to arrange a tour today!
San Diego, California 92114 has a population of 1,385,398. San Diego 92114 is less family-centric than the surrounding county with 32.06% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in San Diego, California 92114 is $89,457. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in San Diego 92114 is 35.4 years.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of 45.6 degrees. The average rainfall is approximately 11.7 inches per year, with 0 inches of snow per year.