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Round Lake, Lake County

Sell a Plumbing Company in Round Lake, Lake County

A plumbing company in Round Lake is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Gurnee — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide plumbing companies playbook is on the industry hub; this page is the Round Lake file. Confidential sale. No upfront listing fee.

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Round Lake market

Selling a plumbing company in Round Lake

A plumbing company in Round Lake is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Gurnee — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide plumbing companies playbook is on the industry hub; this page is the Round Lake file.

Round Lake is a far-north Lake County village in the Chain O’Lakes orbit — rooftops, Route 134, and Metra, not a Gurnee interchange and not a North Shore downtown.

Buyer density drops as you leave I-94. Household services and small retail are the typical businesses. Seasonal lake recreation is a side story unless the P&L shows it. Neighboring Round Lake Beach and Grayslake are separate clerks — do not blur the village limits on the CIM.

Round Lake has about 18,289 residents in Lake County, inside the Chicago-Naperville-Elgin area. Nearby markets buyers already compare this book to include Gurnee, Waukegan, Libertyville, Mundelein. That comparison changes who shows up: a buyer who will drive from Gurnee 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
Lake County
Population
18,289
Metro
Chicago-Naperville-Elgin
Nearby comps
Gurnee, Waukegan, Libertyville, Mundelein
Closing clock
Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago
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Lake County demand

Collar-county demand

DuPage, Lake, Kane, Will, McHenry, Kendall, and neighboring collar shops sell on household density and the I-88, I-90, I-94, and I-55 corridors.

There is no Chicago 45-day city notice unless the business also operates in Chicago. Buyers still compare this suburb to the next one on the same highway.

Round Lake demand for plumbing companies is the customer list and the license path — not the Census population figure. About 18,289 residents is context for who already lives in the trade area. It is not a sale price.

Plumbing Company in Round Lake

What a Round Lake buyer will underwrite on this plumbing company

Home-service density in Round Lake helps the route — and it is why a public asking price on a recognizable plumbing company van is a leak. Municipal permit desks here are not the same as Gurnee, Waukegan, Libertyville. Winter no-heat or storm response time is local. The statewide license rules live on the plumbing companies hub; this page is who pulls the next Round Lake permit.

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 Round Lake shop. Buyers here usually argue recurring service agreements, licensed technician count, fleet size, commercial vs residential mix.

Closing clock for this Round Lake file: Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. 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 Round Lake application of it.

In a suburb like Round Lake, private equity, owner-operators, strategic acquirers are the names that usually appear on the NDA list. A buyer who will drive from Gurnee is not the same buyer who will fly in from a coastal platform.

Buyer pool

Who buys a plumbing company in Round Lake

Split buyer pool: North Shore and Libertyville businesses attract SBA and strategics who want household income; Waukegan and industrial I-94 businesses attract operator and logistics buyers. Great Lakes Naval Station and tourism along the lake change seasonality for some retail and hospitality books.

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 Gurnee, Waukegan, Libertyville, Mundelein is a larger business than one that stops at the Round Lake city limit. Tell the truth about the route. Buyers will map it.

SDE recast

How a buyer will read the books on this Round Lake 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 Round Lake shop. A plumbing company whose tax return shows $225,000 of net profit is not worth $225,000 × a rumor multiple.

Add back the owner’s $100,000 W-2 and payroll tax, $22,500 of discretionary benefits, $12,000 of accepted one-time cost, and $9,000 of personal expenses that a buyer will not run. Then subtract $18,000 of replacement labor if the owner still diagnoses, sells, or closes the books.

Adjusted seller’s discretionary earnings are $350,000. At the planning range 3.0x–5.0x, enterprise value is $1,050,000 to $1,750,000. Mid-range 4.00x is $1,400,000 before debt, working capital, holdback, and tax. A Round Lake buyer will argue the multiple after they ride with the staff and read the lease.

At 4.00 times $350,000 of seller’s discretionary earnings, enterprise value is $1,400,000 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 Round Lake plumbing company — not a quote
Net profit$225,000
Owner W-2$100,000
Benefits$22,500
One-time$12,000
Personal$9,000
Replacement labor (subtract)−$18,000
Recast SDE$350,000
Planning EV at 4.00x$1,400,000

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.

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Lake County closing

Licenses and closing steps for a Round Lake sale

Lake County closings use state CBS-1 plus municipal licenses (Waukegan, Gurnee, Libertyville, and North Shore villages each differ). No Chicago 45-day notice unless you also have a Chicago location. Lake County health and contractor registrations are common diligence items for food and trades.

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 Round Lake

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

I-94 is the spine. Route density is real between Buffalo Grove and Gurnee and thinner toward the Wisconsin line. Leases in outlet and tourism corridors can be franchise- or landlord-controlled. Winter lake-effect operations matter for home services.

Lake mixes Fortune-campus remnants, naval payroll, and bedroom suburbs. Do not price a Waukegan industrial book like a Libertyville professional practice.

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 Round Lake 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 Round Lake 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 Round Lake plumbing company for sale

  1. Recast this Round Lake plumbing company. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a Round Lake 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 Round Lake, and whether that person stays. Personal licenses do not transfer with the assets.
  3. Tell the truth about the Round Lake 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 Round Lake limit.
  4. Open the lease and the labor file. Remaining term and assignment in Lake 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). No Chicago 45-day city notice unless the business also operates in Chicago. 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 Round Lake file. Confidential consult — no upfront listing fee.
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Questions

Questions about plumbing companies in Round Lake

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

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