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Colorado Business For Sale |
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| $1.1M CF ON $11MM, $450K(RE)+$250K CASH, SERVICE |
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| Attn: Geoff Richardson |
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| Denver Metro Area, CO, USA |
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| Asking Price: |
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$2,300,000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Professional |
| Reason for Selling: |
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After 30 years of working, Seller is ready for a change |
| Year Established: |
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1997 |
| # of Employees: |
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12 |
| Yearly Revenues: |
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$11,000,000 |
| Yearly Cash Flow: |
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$1,100,000 |
| Yearly Net Profit: |
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$850,000 |
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Business for Sale Overview:
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This business is selling for approximately 1.5 X’s 2007 cash flow after you consider that the deal includes $450,000 of real estate & $250K in Cash! 2006-2008 revenue is over $11,000,000 and cash flow is $1,100,000 per tax returns and CPA financials. We have an $8,700,000 backlog for 2008 so far and we expect a net income of 1,200,000 for 2008 based upon current contracts. We are a “service” business that manages the construction of Banks, Hospitals, Super Targets, Medical Centers, Hotels, Retail Strip Malls, Schools, MRI Centers, etc. 2008 will bring $12,000,000 in sales and up to $1,500,000 in cash flow, most of which is already contracted! We have very clean books and “no” debt. This transaction includes $250,000 in Cash. We have never written off $1 from our customers in 10 years – All of our customers love us and pay us promptly. This says everything about our reputation and client relationships.
We are very well diversified and provide services to a wide range of markets, so that we are always very profitable no matter what happens to the economy.
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Property Features and Assets:
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$450,000 of real estate “is” included in the sales price. This is a very functional location and layout with quick access to 2-3 major highways. It has over 1,300 Square Feet of building space. The building is 10 years old and is a great design. The sale also includes $250K in Cash, 6 late model trucks which are well equipped and many other extras. Everything is here to make $15,000,000-$20,000,000 per year immediately. Very low overhead as 6 of the 12 employee work from home. Seller will carry 25%! |
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Market Competition and Expansion:
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We have just 2-3 "real" competitors to speak of in the Front Range of Colorado. Over 50 long-standing customers bring us all the work we need. We are overwhelmed with bid requests; but we just cherry pick the most profitable jobs. A new owner can grow it simply by taking on more jobs being asked of us. There is tremendous opportunity in our industry in the mountain towns and the profits are have $5,000,000,000 of new commercial construction in the next 5 years that we can benefit from if we place a small office there. We have “never” done any advertising or sales/marketing. The work just comes to us. We don’t even have a website! This is the real value. A new owner who is more of a "sales or business person" could easily double the business in 2-3 years. The current owner primarily does estimating and no one is really focused on growing the “business.” There are hundreds of businesses and prospects that don't know who we are. In fact, there are only 2-3 companies that do the specialized work we do. The owner is confident that it could cash flow $3,000,000 on $20,000,000 in gross sales immediately. In 2006-2008, we cash-flowed over $1,100,000 without any “effort” at all; the work just comes to us. However, going forward to double the business we do need more of a sales and marketing person at the helm. |
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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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