The plumbing industry is relatively recession resistant because most people still need potable water and a working sewage system. This makes a plumbing business an excellent choice for those who want to work for themselves and have complete control over their projects and clientele. The best plumbing companies are not only capable of repairing leaky faucets, but can also install and remodel bathrooms, install water heaters, replace water valves and hook-up new water lines. They are also equipped to handle sewer and drain cleaning as well as gas leaks. They can even replace toilets and install garbage disposals.

A successful plumbing company can be started as a sole proprietorship, partnership, or corporation. Choosing the right legal structure can make your business more tax-efficient and reduce liability risks. It’s important to have a CPA review your business plan before filing any paperwork to register the business. This can prevent mistakes and oversights that can cost you money later. It is also a good idea to obtain business and vehicle insurance as soon as possible.

Plumbing companies usually charge a flat rate (sometimes plus materials) or a per-hour fee for service. They may also charge premium surcharges for rush or off-hours services. They may offer financing options for those who can’t pay upfront. Oftentimes, plumbing businesses also offer discounts for repeat customers.

Most plumbing companies are owned by local men and women who enjoy the freedom that comes with owning their own businesses. They have full control over their workload, clientele, and overarching growth objectives. They have the ability to hire additional employees and shift resources to focus on high-margin projects, such as remodeling jobs or installing water heaters, for example. They also have the opportunity to take a vacation or spend time with family when they want.

When considering a plumbing business for sale, it is essential to analyze its clientele and overall growth potential. You should also look at its revenue and margin trends, as well as the amount of debt it has accumulated. If the business has a strong presence in its market, it could be worth purchasing.

One of the most important factors to consider when looking at a plumbing business for sale is its management depth. Does it have a service manager, sales manager, and office manager? Having these key positions in place will ensure that the plumbing business runs smoothly.

Lastly, you should ask the plumbing company about its equipment and technology. The best companies will have the latest and fastest equipment for both installation and repair. They will be able to finish the job faster and with less damage to your property. In addition, they will be able to use the camera in their trucks to visually inspect pipes and diagnose problems.

Plumbing companies should be licensed and insured. They should also be a part of professional plumbing organizations to show their commitment to the community and the plumbing industry. They should also be dedicated to providing top-notch customer service.