Central Ohio Plumbing - Full Service Contractor

Why we like it

• Earnings Quality: $500k cash flow on $1.8M revenue delivers a healthy 28% margin in a business where gross margins typically run 50-65%, suggesting room for optimization. The 3.4x multiple is reasonable for a home services business with this scale and suggests the seller is motivated rather than maximizing price.
• Durability & Moat: Plumbing is recession-resistant with emergency work creating sticky customer relationships and predictable repeat business. The combination of interior plumbing, drain/sewer, and excavation services creates natural cross-selling opportunities and makes this harder to commoditize than single-service competitors.
• Market Tailwinds: Central Ohio's population growth and aging housing stock create sustained demand for both maintenance and upgrade work. The excavation and foundation repair capabilities position this business to benefit from the infrastructure investment cycle hitting residential markets.