Specialty Residential Remodel Co. & Real Estate

Not Disclosed, CO

Northern Colorado


Asking Price: Annual Revenue:
$705,000 $960,000

Services: Construction, Contractors


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RE: Specialty Residential Remodel Co. & Real Estate Broker: Jim DeShayes

Quick Facts

Asking Price: $705,000
Annual Revenue: $960,000
Net Profit: Not Disclosed
Cash Flow: $207,000
Total Debt: Not Disclosed
FF&E: $87,000
Real Estate: $280,000
Year Established: Not Disclosed
Employees: 10
BBN Listing #: 211512510
Broker Reference #: 2381

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Business Overview:

This company has been faithfully serving the community for over 20 years and the owner is ready to retire and focus on his real estate investing business. With just a handful of competitors, this company is one of the dominant players in its market area. Approximately 95% of their business is from residential customers with the remainder coming from commercial accounts. While the company does some new construction projects, almost all of it’s work is in remodeling existing homes, so it’s not susceptible to the swings of the new home construction market. About 70% of the company’s income comes from other contractors with the remaining 30% direct with the home owner. There is a very well-diversified customer base, so no customer concentration concerns. Of course, the company is licensed and insured, and they are very proud of their A+ accreditation from the Better Business Bureau. The owner’s primary responsibilities are helping with sales & scheduling, overseeing the capable staff and filling-in where needed. The owner will provide training and transition assistance to ensure a smooth transition for the new owner. All necessary equipment and vehicles (and then some) are included in the sale. Also included in the price is a perfectly located and well-suited office and shop building valued at $280,000. The shop is 1674 sq.ft. with a 500 sq.ft. finished office on the main level and another 500 sq.ft finished office on a mezzanine. Owner is willing to sell the business without the building, but the buyer would need to move the shop as the owner does not want to continue owning the building after the sale. SBA lending is pre-approved for a qualified buyer. Contact us today for further details.

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Reason for Selling:

Retirement

Additional Details:

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

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