South Coast Plumbing Services

This business is already sold
South Coast Plumbing Services

Key Sale Highlights

Business Overview

A well-established business with upper mid-six-figure returns and million-dollar turnover, South Coast Plumbing Services are experts in plumbing, maintenance, and installations, servicing customers across the Surf Coast regions with no comparative competition. The business services customers with all plumbing repairs, hot water installations, drainage issues, roof repairs, gutter maintenance, gas fitting, kitchen, bathroom, and laundry renovations.

South Coast Plumbing Services customers stretch from Torquay to Lorne along the Surf Coast and Great Ocean Road. Many clients are businessmen and women in corporate, legal and board positions. Customers include property owners, renters and residential and commercial property management companies who require a reliable service providing on-demand plumbing and ongoing maintenance. This requirement extends to all permanent and holiday buildings within the area, including local business premises, community centres, sports clubs, schools, shopping centres, corporate businesses, motels, and other commercial sites.

South Coast Plumbing Services is owner-operated, requiring management of the business’s daily running. The business employs three full-time staff and four subcontracted workers. The opportunity for an existing plumber to expand service areas is ideal with solid cash flow and an extremely affluent customer base that owns property on the Surf Coast and Greater Melbourne.

The key features of the business are:

• Solid trading history with upper mid-six-figure profit levels and strong F.Y. 2023 forecast figures.

• A substantial 46% return on your investment on offer.

• Most work is from reputation and building a solid A and B-grade client base.

• The business works with over twenty Real Estate Agents and Property Management companies, including Commercial Agents, on the Surf Coast and Great Ocean Road, some of whom are Melbourne-based, offering expanded opportunities for service.

• Strong existing partnership network for referrals with a solid repeat-business base – preferred by many businesses in the region.

• A long-term player well-respected in the industry with their unique approach and service for over 20 years.

• Experienced and loyal staff capable of all aspects of the plumbing industry.

• Quality equipment and efficient operating structure.

• A secure commercial site offering plenty of storage space for stock and equipment, plus an option to add over-the-counter sales.

What makes this business successful?

The South Coast Plumbing Services team are experienced in plumbing and installation, with two team members capable of project and job management, one of whom is second in charge of the daily running of the business and staff management.

South Coast Plumbing Services offers emergency callout service for issues such as hot water breakdowns, blocked drains, burst pipes, and storm damage repairs from roof leaks. They provide solar hot water solutions, bathroom alternatives for the aged, rainwater solutions for irrigation, fire pump solutions, bathroom repairs and renovations and damp and mould reports for insurance purposes. The business also offers services extending to air conditioning, electrical, appliance services and gas safety checks.

South Coast Plumbing Services operates from a modern commercial site with ample storage space for stock, machinery, equipment, and vehicles. It also has office space, staff amenities, and a clean working environment.
There are opportunities to grow the business further by expanding its service area into Greater Geelong and surrounds, increasing product and service offerings, and adding some targeted marketing. Opportunities also extend to tourism-related work in the region and the upcoming Commonwealth Games.

This is a unique opportunity to purchase an incredibly successful business on the Surf Coast. If you are experienced in the industry and looking for a turn-key operation with high-profit levels and a great team of staff, please enquire now.

Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.

Price $1,500,000 + SAV

Finn Business Sales
Geelong and South West Victoria
(03) 5259 9970

Broker: Laurie Farrell
0418 339 230

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