What does a plumbing company owner do day to day?
Once an owner stops spending every hour on the tools, the job becomes dispatching crews, estimating, taking emergency calls, hiring and training, managing supplier accounts, chasing payments and handling complaints. A buyer should match that mix of work to their own strengths before looking at any particular company.
A buyer who has worked as a plumber may picture owning the business as doing the same work with a bigger truck. The work usually changes more than that. Less of the day is spent fixing pipes and more is spent keeping other people productive and customers satisfied. It helps to picture the role honestly before you spend time on any one company.
Dispatch, estimates and emergencies
Someone decides who goes where each morning, and shuffles the day when a burst pipe or a failed water heater comes in. Someone also visits customers, writes estimates and follows up on the ones that went quiet. In a small shop that someone is the owner. Ask the seller to walk you through a normal day and a bad one, including who answers the phone after hours.
People and supplier accounts
Hiring plumbers and apprentices, training them and keeping them is a standing job. So is managing the accounts at supply houses, tracking what is ordered for each job and making sure materials are not lost between the truck and the invoice. A buyer should ask who currently holds each supplier relationship and whether accounts stay with the company after a sale.
Money, paperwork and complaints
Invoicing, collecting from builders and property managers, paying staff and suppliers on time and answering for work that went wrong all fall to the owner. Many owners find this the least expected part. If you are weighing a purchase, our guide on buying a plumbing contractor shows how to check which of these tasks the business has already organized.
Related reading
15 pages on the same subject, grouped by topic.
Buying
- GuideBuying a plumbing contractor in Canada
- Expert answerWhat if the technicians leave after you buy an HVAC company?
- Expert answerWho handles callbacks on past installs after you buy an HVAC company?
- GuideBuying a HVAC contractor in Canada
- GuideBuying a construction company (general contractor) in Canada
- Expert answerHow do I tell what a plumbing company owner actually takes home?
- Expert answerHow do I check where a plumbing company’s calls come from before buying?
- Expert answerDo a plumbing company’s phone number, website and online reviews come with the sale?
- Expert answerWhat do owners wish they knew before buying a plumbing company?
Selling
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 02Business Development Bank of CanadaGovernmentAfter buying a business, what is the next step?
- 03Canada Revenue AgencyGovernmentSole proprietorships and partnerships
- 04Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
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