Seller's Contact Information
- RE: Light Reno For School Systems: Labor Subcontracted
- Contact: Jared Olson
Quick Facts
Asking Price: | $865,000 | |
Annual Revenue: | $2,698,493 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $250,287 | |
Total Debt: | Not Disclosed | |
FF&E: | 237,852 | |
Real Estate: | Not Disclosed | |
Year Established: | 2005 | |
Employees: | 4 | |
BBN Listing #: | 333734398 | |
Broker Reference #: | CBI038-C |
Business Overview:
This business focuses on municipal work with over 50% of their revenue from the state school systems. Located in the Denver Metro, their small but mighty team includes a General Manager who assists with estimating, hiring and scheduling, 2 Field Superintendents plus an Accountant. Services include maintenance and rehabilitation including: renovations, drywall, light electrical system installation, plumbing, and demolition. The owner of this business is selling for retirement preparation but before stepping away from this operation, he is dedicated to ensuring the ongoing success and comfort of both the staff and clients which is why he has offered a transition period of up to 3 years. Boasting over a 20% increase in year over year sales. Due to the recently passed infrastructure bill, this company is recession proof due to their municipality focus.
As an added demonstration of his vested interest in the ongoing success of the business, he has also offered to carry 10% of the purchase price via either seller financing or equity roll. A 10% down payment of $86,500 returns $121,809 in the first year after debt payments! A 140% ROI! Priced at $865,000, with over 15 years of experience and reputation under their belt, this business is a fantastic opportunity for a wide variety of buyers. This business has exponential room for growth in almost every field as the owner has kept things small out of personal preference.
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Property Features and Assets:
Assets Included in Purchase: $615,276; Equipment and Vehicles: $237,852; Working Capital: $377,424; • A/R: $444,560 A/P: $67,136.
Reason for Selling:
Retirement preparation.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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