Residential Niche Contractor - Absentee Owner

Not Disclosed, CO

Asking Price: Annual Revenue:
$2,800,000 $7,165,000

Services: Construction, Contractors

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RE: Residential Niche Contractor - Absentee Owner Broker: Bill Scott
License #: ER.100049495

Quick Facts

Asking Price: $2,800,000
Annual Revenue: $7,165,000
Net Profit: Not Disclosed
Cash Flow: $1,140,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: Not Disclosed
BBN Listing #: 62310489
Broker Reference #: 1888

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Business Overview:

This is a Specialty, Niche Contractor, not a general contractor or homebuilder.

Absentee Owner – Hard to find at this price
Steady growth for many years - 33% YOY
High market share – great social media and marketing program
High profit margins - over 50% GP
12% Net Profit (SDE over Revenues)
Outdoor services - Covid did not impede
Works directly for high net worth homeowners (does not sub from general contractors)
Short-term projects
Most Customers do not finance projects
Nice Vendor Distribution
SDE increased from $382K to $1.14MM in last year. Revenue increased but overhead stayed same – used average of $762K for valuation.

Owner has prepared Business for smooth ownership transition over many years to sustain all operations without daily assistance. Documented processes are in-place, which aides in hiring and training of new personnel. Most businesses of this size and price are very dependent on the Owner. A keen focus has been to make investments into equipment and methods to reduce dependency on the labor force.

The business can surely be expanded to Northern Denver and beyond. Owner has been turning down requests for work in these areas to reduce growth and focus on profits.

Exact nature of the work will be shared once an NDA (non-disclosure agreement) is signed by Buyer. Contact Broker directly to complete NDA online.

Ideal Buyer:
While some background in construction would be helpful, it is not necessary. The Buyer can focus on Strategic Development and Expansion if desired. Must be understanding of the high-end client and their need for quality communication and delivery. This would also be a good opportunity for a private investor group, which is needing a good GM in place.

Company also provides a seasonal service which serves a different clientele. This business is not included in the sale but is offered as a bolt-on option if desired. Owner is willing to continue running the other business.

This business qualifies for SBA funding with a minimum down payment of 10%; however 15%-20% is recommended as this will be a popular business and will receive competitive offers.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Other Business Interests.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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