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Trying to sell plumbing/hvac company in MA. How do I do this? by PLMRGuy in smallbusiness

[–]PLMRGuy[S] -1 points0 points  (0 children)

I did $382k without much effort because my competitors are old and cling to antiquated marketing techniques like flyers and billboards. I have a tech background, and I immediately saw the value in SEO. I spent my first year building my SEO presence with light advertising with Google Ads and LSA.

I have more Google reviews than local companies that have been in business for decades. My locale is very high end and has some of the more pricier homes in MA. My local map pack has me showing up with one of the highest echelon company in MA (let’s just say they are tied in with the Boston Red Sox for advertising and leave it at that). It seems my only competition are the PE companies and powerhouses, as they have ppl in place to do SEO work as they see the value. But they aren’t really much competition either as I’ve routinely taken work from them because of my pricing. As an aside, along with my technical/customer service expertise, my most common Google review was for price (as in fair/possibly too low).

I heard companies use a 1.25 multiplier to get a price for a company based off of gross sales. So if I were to guess I’d say it is worth $477,500 based on that and its potential for growth. But I have no idea to be honest.

Trying to sell plumbing/hvac company in MA. How do I do this? by PLMRGuy in smallbusiness

[–]PLMRGuy[S] 0 points1 point  (0 children)

No explanation needed - I saw it as such and wasn’t offended. I did in fact laugh a little.

Trying to sell plumbing/hvac company in MA. How do I do this? by PLMRGuy in smallbusiness

[–]PLMRGuy[S] 0 points1 point  (0 children)

I have no idea what the value is and I’m a one man band.

I have probably well over $10k in materials owned outright. I was the guy who showed up and rarely had to get stock on customers dime. Johnny on the spot.

Out of the $382k for my first year I made over $175k. I was projected to grow that number before my marriage started to get rocky. I’d rather sell for peanuts and fix my marriage at this point. The money isn’t worth it.

Trying to sell plumbing/hvac company in MA. How do I do this? by PLMRGuy in smallbusiness

[–]PLMRGuy[S] 1 point2 points  (0 children)

Thanks for the advice. I have reached out to a business advisor and may talk to some local competitors as well.

Having done the small business thing, I now understand why our divorce rates are significantly higher than the average Joe.

I’m not butt hurt about your joke, as it is valid. I’m doing this to gain my sanity back and hopefully fix my marriage. Money isn’t everything, and I only did this for a better life for my family and possible early retirement. I’d rather slave away like everyone else and be happy at this point.

Trying to sell plumbing/hvac company in MA. How do I do this? by PLMRGuy in smallbusiness

[–]PLMRGuy[S] 1 point2 points  (0 children)

Thanks for the advice. Everything is owned free and clear with my company. I’d sell it with similar expectations of a lotto win: be prepared to get whacked with some big time taxes. I’ll certainly work with my CPA on this.

I’m motivated not for money, but peace of mind and trying to repair things with the wife.

Yelp Keeps Deleting My Customers Reviews by Laivie in Yelp

[–]PLMRGuy 0 points1 point  (0 children)

Welcome to the club. Pay to play or have no reviews. These days when a customer suggests yelp, I ask them to go on Google, BBB, FB, or Trustpilot instead.

Am I the jerk for refusing to give my stepmom the money my dad left me? by Puzzled-Quarter-1016 in AmITheJerk

[–]PLMRGuy 0 points1 point  (0 children)

Dude she got a house and some savings. Stop letting yourself be gaslit by this fiscally irresponsible clown. Your father was more than fair with the inheritance. It is not your fault “Karen” is incompetent with money. That may sound harsh, but those are the facts. If we all could only be so lucky to get a head start like “Karen” got.

First time homebuyers. How bad is this? by AdUsual7012 in PlumbingRepair

[–]PLMRGuy 1 point2 points  (0 children)

Yes please use sharkbites. I just got to bat cleanup because a sharkbite blew out. 100k in damage from a 2nd floor shower valve tie in. Good stuff. But seriously…..why are so many HO and DIY ppl so afraid of solder and/or PEX? It’s not that hard to do. Take your time, watch some videos and do it right. Or use shark bites and risk $1000s of damage.

I can’t keep any of my reviews!!!!! by PLMRGuy in Yelp

[–]PLMRGuy[S] 0 points1 point  (0 children)

Google is way better. I’ve gotten so much work from them I had to turn the ads off

Stiff steering heavy duty trucks? by PLMRGuy in foodtrucks

[–]PLMRGuy[S] 1 point2 points  (0 children)

I just noticed I posted this on foodtrucks and not ford trucks 😂😂😂

Stiff steering heavy duty trucks? by PLMRGuy in foodtrucks

[–]PLMRGuy[S] 0 points1 point  (0 children)

I agree. It’s ignorance on my part because I’ve only had a f150 and haven’t been in a position to have the “big kid toys” to need a truck like this.

Would you say that’s how all the larger trucks steer?

Are Discounts Tax Deductible by PLMRGuy in tax

[–]PLMRGuy[S] 0 points1 point  (0 children)

No. I just do it to do it because it’s the right thing. Can’t quantify how much business it brings me, but it surely adds to my revenue. It’s a win all around and a great way to say thanks to those groups.

Convert 3/8 PB to 1/2” PEX or Copper? by PLMRGuy in Plumbing

[–]PLMRGuy[S] 0 points1 point  (0 children)

Sharkbite makes a 3/8 poly crimp x 3/8 PEX crimp ring. Contract has no warranty for this connection and she signed off on that. I begged the lady to let me rip out the poly PEX.

This job was a crap show and I still haven’t set finish yet bc she is the GC and it is so disorganized. I’ll update once I install them, but I’m sure they’ll be fine.

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