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Colorado Business For Sale |
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| $595K CASH FLOW ON $5.6 MM GROSS, NICHE ELECTRICAL |
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| Attn: Rockie Strachan |
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| Denver, CO, USA |
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| Asking Price: |
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$1,900,000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Construction, Contractors |
| Yearly Revenues: |
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$5,573,000 |
| Yearly Cash Flow: |
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$595,000 |
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Business for Sale Overview:
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Very Niche’ business. 2-3 competitors in the state! Sale includes $681,000 in Current Accounts Receivable, $85,000 in Current Retention Receivable, $291,000 in vehicles and $468,625 in heavy equipment (auction value), $22,050 in office FF&E, $260,000 in real estate and improvements (appraised). All assets will be paid off at closing. Buyer receives over $1.8 MM in hard assets. The business is selling for only $100k more than the value of the assets and the business cash flows over $500k per year over the last 4 years!! We collect 99.8% of our receivables. In fact, we have only written off $5-7k over the last 10+ years! We have strong G.C. and customers that feed us work. We are a specialty electrical contractor in metro Denver with 28 loyal employees, efficient systems, solid long-term customers/contractor relationships. We are well-trusted and our customers come to us over and over, year after year. We only have 1-2 competitors on most jobs. Municipal and commercial work only, WE DO NOT DO ANY RESIDENTIAL CONSTRUCTION. Sales have increased by an average of 20% per year over the last 5 years with no advertising, no marketing, or sales people. A buyer could easily double the business in 2-3 yrs. (in the current facility). There is excellent margin work at our door that we turn down every day. The seller is a “tradesman” and does not have the skills to grow the business. We just take a portion of the work being asked of us. This is the upside for the new owner!! No direct experience needed or license. Excellent location; close to 4 hwys. Over 10 key employees currently run the operation.
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Property Features and Assets:
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1,700 sq. ft. building and 1-acre yard included in the purchase price which is strategically located for immediate access to 4 of Denver’s main highways. There is enough room to double capacity in the current facility. The sale includes 19 well stocked, late model trucks. Also includes $800,000 in current Accounts Receivable and Retention Receivable and $1,000,000 in assets. |
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Market Competition and Expansion:
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We have “never” advertised or marketed our services. THE WORK JUST COMES TO US due to our excellent reputation and well established G.C. and customer relationships. Sales have increased by an average of 20% per year over the last 5 years with no advertising, no marketing, or sales people. The seller has spent the last 2-3 years positioning the business for sale and has a solid blue print to increase revenue and cash flow 300% within 2 years. We are very specialized and only have 2-3 direct competitors. We have created a nice protected niche’ for ourselves. It took many years to build solid, loyal relationships with our customers. In most cases they only use us. Almost all road work companies can’t do the very specialized type of work we do. Please call for a detailed explanation of this point. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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