Free Consultation
Geneseo, Henry County

Geneseo Plumbing Company for Sale

A plumbing company in Geneseo is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Moline — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). Iowa buyers still close an Illinois company on Illinois notices. The statewide plumbing companies playbook is on the industry hub; this page is the Geneseo file. Confidential sale. No upfront listing fee.

Get a Free Business Valuation How It Works

Confidential • No upfront fees • Illinois statewide

Geneseo market

Selling a plumbing company in Geneseo

A plumbing company in Geneseo is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Moline — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). Iowa buyers still close an Illinois company on Illinois notices. The statewide plumbing companies playbook is on the industry hub; this page is the Geneseo file.

Geneseo is an I-80 Henry County town with a preserved Victorian downtown and Quad Cities commuters — household and Main Street, not Kewanee’s industrial grid.

I-80 access and a walkable downtown attract a different buyer than Kewanee. Commuter households support services; they also shop in Moline. Do not blend the two Henry County cities on one CIM. Tourism weekends are a side story unless the register shows them.

Geneseo has about 6,619 residents in Henry County, inside the Geneseo area. Nearby markets buyers already compare this book to include Moline, Rock Island, Kewanee. That comparison changes who shows up: a buyer who will drive from Moline is not the same buyer who will fly in from a coastal platform.

Planning facts

Typical multiple
3x–5x SDE
Typical timeline
4–8 months
SBA eligible
Often — confirm
County
Henry County
Population
6,619
Metro
Geneseo
Nearby comps
Moline, Rock Island, Kewanee
Closing clock
Illinois CBS-1 (10 business days). Iowa buyers still close an Illinois company on Illinois notices
Schedule Free Consultation
Henry County demand

Quad Cities demand

Rock Island and Henry County shops sit on a bi-state labor and customer market. Iowa buyers still close an Illinois company on Illinois notices.

CBS-1, municipal licenses, and the lease are the Illinois work even when the trucks already cross the river.

Geneseo demand for plumbing companies is the customer list and the license path — not the Census population figure. About 6,619 residents is context for who already lives in the trade area. It is not a sale price.

Plumbing Company in Geneseo

What a Geneseo buyer will underwrite on this plumbing company

Geneseo is not a collar-county density play. A plumbing company here usually sells to an owner-operator who already covers Moline, Rock Island, Kewanee, not a platform that needs a hired dispatcher and a second licensed person. Municipal registrations still reset on a new entity.

Plumbing Companies statewide typically plan around 3x–5x SDE and a 4–8 months process when books and the lease are ready. That is a planning range, not a price for this Geneseo shop. Buyers here usually argue recurring service agreements, licensed technician count, fleet size, commercial vs residential mix.

Closing clock for this Geneseo file: Illinois CBS-1 (10 business days). Iowa buyers still close an Illinois company on Illinois notices. License path: Illinois Plumbing License Law is statewide: IDPH issues journeyman and plumber licenses, and the company needs a licensed plumber to pull permits. The industry hub teaches the statewide rule. This URL is the Geneseo application of it.

Geneseo is a small town market. The first serious call is often an owner-operator from Moline, Rock Island, Kewanee, not a platform that needs $2 million of earnings to pay for diligence. SBA 7(a) and seller financing usually matter more here than a headline multiple.

Buyer pool

Who buys a plumbing company in Geneseo

Quad Cities and I-80 operators.

Illustration: a three-truck Arlington Heights plumbing company with a licensed plumber-owner, one journeyman, a drain-cleaning route, and a thin water-heater membership book. Not a closed sale.

A plumbing company whose customers already sit in Moline, Rock Island, Kewanee is a larger business than one that stops at the Geneseo city limit. Tell the truth about the route. Buyers will map it.

SDE recast

How a buyer will read the books on this Geneseo plumbing company

Plumbing businesses recast on service-agreement and drain-cleaning recurrence, not a single hospital rough-in. Add back owner compensation, then remove new-construction spikes, warranty callbacks, and any unlicensed helper coded as a plumber. If the seller still holds the only Illinois plumber license that lets the company pull permits, subtract a licensed plumber-in-charge before the multiple.

Illustration only — not a quote for any Geneseo shop. A plumbing company whose tax return shows $283,000 of net profit is not worth $283,000 × a rumor multiple.

Add back the owner’s $122,000 W-2 and payroll tax, $18,000 of discretionary benefits, $2,500 of accepted one-time cost, and $11,000 of personal expenses that a buyer will not run. Then subtract $71,000 of replacement labor if the owner still diagnoses, sells, or closes the books.

Adjusted seller’s discretionary earnings are $365,000. At the planning range 3.0x–5.0x, enterprise value is $1,095,000 to $1,825,000. Mid-range 4.00x is $1,460,000 before debt, working capital, holdback, and tax. A Geneseo buyer will argue the multiple after they ride with the staff and read the lease.

At 4.00 times $365,000 of seller’s discretionary earnings, enterprise value is $1,460,000 before debt, working capital, holdback, and tax. That is the planning conversation. It is not a listing-site guess.

SDE line items

  1. Reported net profit (tax return, not the marketing P&L)
  2. + Interest expense
  3. + Income taxes (not payroll, sales, or property tax)
  4. + Depreciation and amortization
  5. + Owner W-2, bonuses, and payroll taxes on the owner
  6. + Discretionary owner benefits that a buyer will not keep (auto, personal travel, family on payroll with no role)
  7. + Accepted one-time or non-recurring expenses
  8. − Market-rate replacement labor for owner work that will not transfer
  9. = Seller’s Discretionary Earnings (SDE)
Illustration recast for a Geneseo plumbing company — not a quote
Net profit$283,000
Owner W-2$122,000
Benefits$18,000
One-time$2,500
Personal$11,000
Replacement labor (subtract)−$71,000
Recast SDE$365,000
Planning EV at 4.00x$1,460,000

Recast Seller’s Discretionary Earnings, then apply a planning multiple for plumbing companies. Replacement labor is subtracted. This is a planning tool, not an appraisal.

Recast SDE—
Planning enterprise value—

Before debt, working-capital peg, holdback, and tax. Educational only.

Enter your annual Seller's Discretionary Earnings (SDE) — your net profit plus owner's salary and any personal expenses run through the business — to estimate a range.

$
1x 3.0x 8x
Estimated Value Range — to —

This is an estimate for planning purposes only. Actual value depends on lease terms, asset quality, customer concentration, and current market conditions. Request a professional valuation for a precise number.

Get a Professional Valuation
Henry County closing

Licenses and closing steps for a Geneseo sale

Henry (Kewanee, Geneseo) uses state CBS-1. I-80 Geneseo businesses differ from Kewanee industrial businesses.

Illinois Plumbing License Law is statewide: IDPH issues journeyman and plumber licenses, and the company needs a licensed plumber to pull permits. Chicago runs its own plumbing-license regime on top. The license is personal. It does not ride with the assets. A buyer without a licensed plumber on day one cannot legally operate the book.

Labor and lease

What has to keep working on Monday after close in Geneseo

For a plumbing company in Geneseo, the first labor question is: A staying licensed plumber who is not the seller.

Geneseo is a commuter/I-80 town; Kewanee is a small industrial city. Do not blend the books.

East of the Quad Cities. Seller financing common outside Geneseo retail.

Diligence

What a serious plumbing company buyer will open

Levers that move the multiple in this vertical: A staying licensed plumber who is not the seller; Membership or service-agreement recurrence; Camera and jetting capability that keeps drain work in-house; Commercial account tenure versus bid-only new construction; Clean permit and workers-comp history.

Have these ready before anyone hears the name of the Geneseo business: Who holds the IDPH or Chicago plumber license and whether they stay; Service-agreement and water-heater-membership count versus bid work; Municipal permit history and any open violation or failed inspection; Fleet, camera, hydro-jet, and locate-equipment condition; Commercial vs residential mix and backflow-certification coverage; Workers-comp class codes versus actual job mix.

Buyer tool

SBA payment sketch for a Geneseo plumbing company buyer

Most Illinois owner-operator acquisitions use SBA 7(a). This is a payment sketch, not an approval.

SBA 7(a) loans are the most common financing for business acquisitions. Estimate your monthly payment and required down payment based on the purchase price.

$
%
%
yrs
Down Payment Required —
Loan Amount —
Est. Monthly Payment —

This calculator provides estimates for planning purposes only. Actual SBA loan terms depend on your credit profile, the specific lender, and current market conditions. Contact us to connect with SBA-approved lenders in Illinois.

Sale steps

How to prepare a Geneseo plumbing company for sale

  1. Recast this Geneseo plumbing company. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a Geneseo buyer must hire. Do not treat a spike year as the new normal.
  2. Name who can operate on Monday. List every credential that lets this plumbing company pull a permit or see a patient in Geneseo, and whether that person stays. Personal licenses do not transfer with the assets.
  3. Tell the truth about the Geneseo trade area. Map customers against neighboring towns. Buyers will. A book that already covers those towns is larger than a book that stops at the Geneseo limit.
  4. Open the lease and the labor file. Remaining term and assignment in Henry County. Whether the crew can run without the seller living eight minutes away.
  5. Calendar the notices that apply here. Illinois CBS-1 (10 business days). Iowa buyers still close an Illinois company on Illinois notices. Start them at letter of intent, not the week of funding.
  6. Read the statewide playbook, then talk. The Illinois plumbing companies hub is the statute and recast teaching. This page is the Geneseo file. Confidential consult — no upfront listing fee.
Continue

Related Geneseo and plumbing companies pages

Questions

Questions about plumbing companies in Geneseo

Answers for owners and buyers in Henry County, including local closing steps.

Service Area

Plumbing Company Brokerage Near Geneseo

We serve plumbing companies owners and buyers across Henry County and the surrounding region.

MolinePlumbing Companies→Rock IslandPlumbing Companies→KewaneePlumbing Companies→
View All Illinois Plumbing Companies Listings →

Talk through your Geneseo plumbing company

Confidential consult. We will walk the books, Henry County closing notices, licenses, and the lease — then give you a planning range, not a slogan.

Schedule a Confidential Consultation Learn How It Works

No upfront fees • Completely confidential • Free valuation