Plumbing Business Plan Template [Updated 2024]

/ 5640 0

I. Executive Summary

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Business Overview

[Company Name] is a new residential plumbing business located in [location]. We are committed to providing the highest quality plumbing services in the area and creating connections with customers that last a lifetime. Some of the services we provide include clearing clogged drains, repairing and replacing faucets and sinks, installing and maintaining sump pumps and water heaters, and providing emergency services. We are [location]’s friendly neighborhood plumbers who can tackle any plumbing concern that our customers have.


[Company Name] provides a variety of residential plumbing services to the homes and apartment buildings of [location]. These services include, but are not limited to:

  • Clogged drains
  • Faucet and sink repair and replacement
  • Sewer and septic conversion
  • Sewer inspections
  • Garbage disposal repair
  • Sump pump installation and maintenance
  • Water heater repair and installation
  • Water treatment
  • Emergency services

Customer Focus

[Company Name] will primarily serve the residents and homeowners of [location] and the surrounding area. The demographics of these customers are as follows:

  • 92,021 residents
  • 39% married
  • 32% with children under 18
  • 55% homeowners
  • Median age of 41

These demographics serve our company well. With such a large population of homeowners, many residents will need a local plumber to keep their plumbing fixtures and sewer systems intact. [Company Name] can provide homeowners with any routine or emergency plumbing services they need.

Management Team

[Company Name] is led by [Founder’s Name] who has been a plumber for [X] years. Throughout his career, he has performed a variety of plumbing services for hundreds of customers living in the [location] area. He has conducted much of this work for other plumbing companies and is now eager to utilize his experience and connections for his own business.

Though he has never run his own business, [Founder’s Name] has worked in the industry long enough to gain an in-depth knowledge of the operations (e.g., running day-to-day operations) and the business (e.g., staffing, marketing, etc.) sides of the industry. He also already has a starting customer base that he served while working for other plumbing companies.

Success Factors

[Company Name] is uniquely qualified to succeed due to the following reasons:

  • The company will be providing a valuable service for homeowners who are in need of plumbing services.
  • [Founder’s Name] has a track record of success in the plumbing industry and already has a loyal client base.
  • [Company Name] will provide high-quality plumbing for a moderate price.

Financial Highlights

[Company Name] is currently seeking $470,000 to launch. Specifically, these funds will be used as follows:

  • Store design/build: $150,000
  • Vehicle purchase and maintenance: $50,000
  • Equipment and initial supplies: $150,000
  • Working capital: $120,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even

Top line projections over the next five years are as follows:

Financial SummaryFY 1FY 2FY 3FY 4FY 5
Revenue$560,401 $782,152 $1,069,331 $1,379,434 $1,699,644
Total Expenses$328,233 $391,429 $552,149 $696,577 $776,687
EBITDA$232,168 $390,722 $517,182 $682,858 $922,956
Depreciation$7,000 $7,000 $7,000 $7,000 $7,000
EBIT$225,168 $383,722 $510,182 $675,858 $915,956
Interest$6,016 $5,264 $4,512 $3,760 $3,008
Pre Tax Income$219,152 $378,458 $505,670 $672,098 $912,948
Income Tax Expense$76,703 $132,460 $176,985 $235,234 $319,532
Net Income$142,449 $245,998 $328,686 $436,864 $593,416
Net Profit Margin25%31%31%32%35%
Pages : 1 2 3 4 5 6 7 8 9 10