Renovations and Maintenance for Denver School Districts: Seller will carry 35%
Denver, Colorado
Asking Price: |
Gross: |
Cash Flow: |
$795,000 |
$2,698,493 |
$256,972 |
Furniture and Fixtures Value:
$616,004 (included in the asking price)
Inventory Value:
$0 ( not included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
Their services revolve around maintenance andrehabilitation including renovations, drywall, light electricalsystem installation, plumbing, and demolition focusing onmunicipal work with over 50% of their revenue from the stateschool systems in the Denver Metro Area. The owner of thisbusiness is selling for retirement preparation but beforestepping away from this operation, he is dedicated toensuring the ongoing success and comfort of both the staffand clients which is why he has offered a transition period ofup to 2-3 years. As an added demonstration of his vestedinterest in the ongoing success of the business, the ownerhas also offered to carry 35% of the purchase price - this is 3times more than the average! This purchase includes$237,852 in equipment and vehicles as well as $377,424 inworking capital, along with a 100% collateralized bank loan!Their small but mighty team includes a General Managerwho assists with estimating, hiring and scheduling, 2 FieldSuperintendents plus 1 in billing, while the owner focuses onthe estimating and management of the overall business.Priced at $795,000 and with sales of $2,698,493 in 2022,this business is primed and ready for a new owner to step inand continue operations. This business is a fantasticopportunity for a wide variety of buyers, it possessesexponential room for growth in almost every field as theowner has kept things small out of personal preference. Dueto the recently passed infrastructure bill, this company isrecession proof due to their municipality focus.
|
|
|
|
|
|
Year
Business was Established: 2005 |
|
|
Potential
Growth/Expansion:
The current owner has kept the
business small out of preference. The business could
expand in almost every aspect including self-performed
labor, client base, geography, marketing tactics, and more. |
|
|
|
Owner
willing to finance:
10% Buyer Down Payment $79,500 35% Seller Financing with 2-year standby $278,250 55% Bank Loan $437,250 |
|
|
|
Owner
willing to train:
Up to 3 Years |
|
|
|
Reason for selling:
Retirement preparation |
|
|
|
REQUEST MORE INFO |
|
|