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Colorado Business For Sale |
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| $653K CF ON $7.9MM GROSS; NICHE SERVICES |
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| Attn: Geoff Richardson |
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| Denver Metro, CO, USA |
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| Asking Price: |
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$1,850,000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Non-classifiable |
| Reason for Selling: |
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These High School educated owners not cut out for business ownership; pursue other opportunities. |
| Year Established: |
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1978 |
| # of Employees: |
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60 |
| Yearly Cash Flow: |
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$653,000 |
| Yearly Gross Income: |
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$1,975,000 |
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Business for Sale Overview:
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Specialty Commercial Contractor in metro Denver. 60 highly trained, legal, and loyal employees. Business is 30 years old! Sale includes $350K in Working Capital and $100K in equipment. Excellent Reputation. Work in Progress over $4.6MM transferred to new owner. Exclusive relationships with manufacturers and suppliers. Lower cost and higher margins on 70% of the jobs we do. High % of negotiated work vs. hard bid. Demo work and recycling new trend (mandated by local governments) which has 60% margins; No One has tapped this market yet – competitors are coming here for their demo and recycling needs. Very distinguished client base and project history. Convention Centers, Denver International Airport, 5 major school districts (100 plus schools), hospitals/medical centers, banks, restaurants, retail, recreation centers, gaming facilities and many large regional and national General Contractors and Construction Companies. “If you’ve been to Denver you’ve probably seen our work.” Revenue not subject to construction booms and busts – majority of work retrofit or remodel on a regular, recurring and predictable basis. Business one of only a few in the area that can get jobs demanding a large, highly skilled work-force. Customers pay a premium for the technical expertise and variety of services offered. Only 2-3 true competitors in Colorado; No Residential Work. Sales have been at $7-$8.5 MM for the past 6 years; Cash Flow has continued to increase substantially during this time. Many opportunities for expansion and increasing operational efficiencies. The sellers are high-school educated “tradesman” and do not have the skills to grow the business further. A buyer could easily double the business in 2-3 years (in the current facility). Commercial Construction is a very strong industry in Colorado. No direct experience or license needed. The tremendous growth in Colorado provides very high demand for this specialized work.
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Property Features and Assets:
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4,500 square feet office space (updated and very functional) with adjacent 14,000 square feet warehouse. Room for growth in existing space if desired and adjacent space available for future expansion; very good lease terms with easy-going landlord. Centralized location in Denver; 1,000 feet from I-25 and minutes from I-70 and 470 free ways. Easy access anywhere in the metro area and up and down the Front Range. Ample parking and well secured site. Business owns equipment unique to the industry for specialized projects. New recycling center on-site. All included in sale. |
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Market Competition and Expansion:
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No competitor can match our on-demand workforce, expertise, and diverse service offering. In fact, our competition occasionally hires us for the expertise and services they are incapable of providing. Our client base is very diverse; protecting us from any down-turn in one sector. Much of the work is repeated every 4-5 years, giving the business great stability and predictability. Our client relationships are very strong and dependable and margins are well above average. Our Jobs Are 90% Negotiated; Rarely Do We Hard-Bid.
We have “never” advertised or marketed our services. Existing clients date back for years. New clients & expansion are low hanging fruit, just need to be solicited. Current owners feel that business needs to go to the next level by selling to a new owner with business management/sales & marketing skills; business can easily double or more in 2 years. Business is poised for expansion into new areas of this industry that are considered to be unique offerings. Tenant and interior finish in Colorado is very strong despite lag in National economy. Seller so confident in future success; will carry a 1/3 of the purchase price! |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be 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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