Resort Cleaning Service Ready to Expand
Profitable resort cleaning service
Located in Summit County, Colorado, home to Keystone Resort, Copper Mountain and Breckenridge ski resorts, this business was started in 1993 and has been family owned and operated ever since.
The focus of the business is on owner rented/managed properties. Currently, they have contracts to clean 100 units when guests (Airbnb, VRBO, HomeAway) check out. In the past they have turned down business from property management companies and long term residential cleaning, instead, choosing to focus on quick turn rentals.
This is a great business for a family to own and operate, which the sellers have done in the past. Because of changing family dynamics and health issues the owners are ready to sell.
HVAC, CO Resort Town, $237K Earnings, Big Equity Growth Potential
HVAC, CO Resort Town, 237K Earnings, Big Equity Growth Potential
Summit County, CO
12 Year Old Colorado Residential/Commercial HVAC Company
The trailing 12 month adjusted earnings through August 31st, 2016 was 237K with revenues of 1.11M. The 2015 revenues were 1.13M with adjusted earnings of 233K. The company is growing again as of October of 2016 and he opened a parts counter in 2016 also which is a separate business you can buy for just the cost of his inventory.
You must watch the video interview of the owner in the data room link after submitting the Non Disclosure in the link above first to get a better understanding of the potential of this business. The owner has just lowered the sales price from 725K to 590K which is less than 2 ½ times his earnings because he has been diagnosed with a serious health issue. He will help in transition and will work part time or consult longer term if a new owner wants his help. He believes he can get this business back to $3.5M with a new owners working capital and his model.
The owner brought in a partner that was caught stealing back in 2011 and 2012. He had to go through the whole 2 ½ year court process and it affected him both financially and mentally. It resulted in him wanting to sell and to do something else. The business went from 3.5M in revenue in 2010 to bottoming out in 2012 at 982K because of this distraction. He is back to 1.1M in revenue, has reopened the HVAC supply house, and is turning down work because he needs working capital to grow the business again.
The buyer will get approximately 250K in hard assets made up of 200K in equipment including 6 vehicles and another 50K in inventory for the HVAC business only. The new supply/parts business will be sold separately at his cost of inventory.
The company has a great reputation with a long-standing and recurring customer base. Technicians with strong technical and sales ability with sales processes in place. The company has a client generated online review process that drives a lot of referrals and recurring revenue. They also have a lot of yearly maintenance contracts which they charge customers 240 dollars per year for ongoing maintenance tune ups which also helps generate revenue all year long and helps keep the clients loyal.
This is a business that needs an owner with the working capital to grow the business again. It has the employees, equipment, reputation, model, and customers.
Location: Central Mountains in Colorado in a Beautiful and well known Community.
The seller is asking for 590K which is less than 2 ½ times the earnings. We lowered the price on October 5th from 725,000 because of his health. He will carry up to 25% of the sales price. He will be keeping his cash and accounts receivables and will pay off all debt including the accounts payables so that the business transfers debt free. It is an S Corp so this can be either a stock or an asset sale. We have priced this to sell.
Brief Overview and Deal Points:
Growth and Expansion: The company will by increasing advertising and by just taking more jobs. They turn down work every day. There are many ways a new owner can improve this business but it mostly just needs working capital to grow faster. The current owner has been tied up in court and to drained to grow the business over the last couple of years but loves the industry, his employees, and the company. He has started working harder again in 2016. He is excited to teach the new owner how to grow this business. The business can easily expand its coverage area with a bigger facility in the Silverthorne area. They turn down business in Vail and along the I 70 corridor between Vail and Silverthorne all the time. The company used to have 3 other separate divisions made up of plumbing, supplies, and construction and shut it all down when he found that he had to fight his partner in court. He said the demand is still there and it is up to the new owner how big they want to be. He peaked at 3.5M in revenues and said he was easily on his way to 5M when this happened. He believes that he can show a new owner how to expand both the services and territory to get back to 3.5MM or more within 3 years.
The owner will sign a non-compete. He is willing to transition the business and can teach the new owner how to run the business and how to grow it. Industry experience is recommended but not necessary especially if you decide to include him in either the new ownership structure or hire him beyond the transition. There are no master licenses required and he and his employees have the necessary certifications so the owner just pulls permits which he can teach the new owner how to do. Vendors also offer classes if the owner wants his own certifications.
The business has very loyal and long term employees. There are 9 employees. The employees are all hourly which keeps fixed costs in line with revenues. The employees are trustworthy, competent, and reliable. Two years ago, he modernized the business by going paperless by providing every employee an IPad which has improved customer service, the tracking of previous work done for a customer, and billing. He treats his employees well because they are the best in their region. He trusts them to handle all aspects of a job including the sales, bidding, work, and customer service. His employees get a bonus for doing a good and profitable job and have stayed very loyal to the company though the turmoil.
He gave up their location their original location in July of 2014 and has found a new location this year in Fairplay which is the biggest location at the best price that is near where they do 95% of their business. Rent has always been part of their P & L. The new location has the HVAC business downstairs and the supply business upstairs. The new location was necessary because they are back to 11 trucks and the combination of employee cars and that many trucks made it impossible to find a reasonably priced location closer to the resort they do business in. This new location will make it easier to grow the business again. He will lease or sell the property to the buyer of the business. He recommends a 2nd location in Silverthorne/Dillon to grow the business even faster.
They have a great reputation for safety, quality, and reliability. The seller will agree to full Reps and Warranties to a solid legal and business standing. They have a great record for safety (OSHA) as proven by their low workman’s comp MOD rate. They have had no regulatory issues, no lawsuits, and no issues with the city, county, or municipality that they are in. They are also A+ rated with the Better Business Bureau.
The communities that this business services are very special with year round events, and activities. Plus, it is sunny almost all year round in Colorado and there are a lot of very interesting places close by including Denver which is less than an hour and a half away. Plus, Colorado is the best State in the country to own a business. Colorado is the "#1" fastest growing and strongest economies in the United States, per Money.MSN.com and Business Insider’s September of 2014 issue. This article ranks all 50 states by eight economic measures including GDP growth, housing prices, job creation and exports.
Please Call of Email for Information: The broker is available at any time to discuss your interest in this offering and can set up a meeting either in person or by phone with the owner(s).
Thank you for your interest.
Jeff Chapman Eisnaugle
Company Broker Group, LLC.
999 18th St Ste 3000
Denver, CO 80216
This is prepared by Company Broker Group with information provided by the Seller. It was not created by the seller and neither the Broker or the Seller are responsible for its accuracy. Buyers are responsible for their own due diligence. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections.
Different Brokerage relationships are available which include Seller agency, buyer agency, or transaction – brokerage.
Brokerage disclosure to Buyer or Tenant of Property. Definition of working relationships.
Seller's Agent: a seller's agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty, and fidelity. The agent negotiates on behalf of and ask as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the business/property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.
Buyer’s Agent: a buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of an accident advocate for the buyer. The buyer’s agent must disclose to all potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction. A separate written by a Buyer agreement is required which sets forth the duties and obligations of the broker and the buyer.
Transaction broker: the transaction broker assist the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care and the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction – broker concerning the property or a buyer's financial ability to perform the terms of a transaction and whether the buyer intends to occupy the property. No written agreement is required.
Company Broker Group, LLC, and Jeff Chapman Eisnaugle will be operating solely as a “Seller Agent” in all transactions.
Fine Dining Restaurant for Sale in Colorado
Profitable upscale restaurant in Breckenridge for sale
Summit County, CO
Are you an Excellent Chef? A Gifted Restaurateur? If so, you found what you have been looking for: A Fine Dining Restaurant for Sale located in one of the most prestigious resort towns in the world.
This Fine Dining Restaurant for Sale is located in one of Colorado's most popular tourist destinations: Breckenridge! Located in the beautiful Rocky Mountains, it is home to the world famous Breckenridge Ski Resort, the 2nd largest ski resort in Colorado and draws visitors from all over the world to enjoy it's challenging slopes and panoramic views. This Fine Dining Restaurant for Sale is in an area that's no longer just a winter destination. All four seasons are packed with tourists and locals flocking to the area to enjoy world class fine dining and shopping as well as hiking, mountain biking, golf, and other outdoor activities.
The Fine Dining Restaurant for Sale offered by the Restaurant Brokers is nestled in an old home in the historic district of Breckenridge with an incredible amount of foot traffic. It is walking distance to the gondola where a major new development is beginning to take place that will transform downtown. The dining room is stunning; featuring wood floors, wood trim, antiques and unique, fine art. Everywhere you look there is something interesting and classic nestled inside of this old, one time residence. The dining room seats 62 upstairs and 12-16 downstairs in a ''Chef's Table'' setting. There are quaint, shaded, well landscaped patios in front and rear that seat another 28 or so near an herb garden used to supplement the menu. Just when it could not get better? There is a large owner/manager apartment upstairs. Keep it or rent it out at very attractive rates.
The fully equipped commercial kitchen is large by downtown Breckenridge standards. The Fine Dining Restaurant for Sale has a grease trap, large hood system, plenty of hot and cold storage to support any menu a creative chef could dream up. And the food? - Wonderful! This fine dining establishment garners rave reviews for its food and service from tourists and locals alike. The constantly changing, seasonal menu features fresh, local, farm to fork, cuisine as well an excellent, large yet unpretentious wine list. The staff is stable, experienced and well trained. The owner will stay on for a negotiated period of time to assist with an easy transition.
Operating hours are seasonal and operator friendly offering ample time away. There is a manager in place to run the operation in the owner's absence. This Fine Dining Restaurant for Sale is open for lunch and dinner in season, dinner and weekend lunch in summer and currently closes for a month in both the spring and fall. Current ownership is not absentee by any means but they are not ''chained'' to the business and currently engage in other businesses and extensive travel.
This Fine Dining Restaurant for Sale is profitable with sales well over a half million in the first 8 months of 2016 and good books. This Seller is extremely concerned about confidentiality. No information will be released prior to signing the non-disclosure agreement and providing the Broker with ''proof of ability to purchase'' which can be sent to email@example.com. After you have provided both please call your Certified, Colorado Restaurant Broker, Bob Steinberger at 303-901-4938 for more details.
Bar for Sale in Downtown Breckenridge, CO
Bar for sale in downtown Breckenridge, great location!
Buy this great Bar for Sale in One of the Worlds most popular tourist destinations! The real estate is included in this one of a kind opportunity by the Restaurant Brokers!
This restaurant and Bar for Sale has been operating successfully for over 10 years. Its fully equipped commercial kitchen would allow food sales to increase dramatically and would support nearly any menu. This Bar for Sale is currently serving bar food, sandwiches and pizza but nearly and type of items could be added. The bar is the heart of this business though and 80% of the revenue comes from the well set up bar that is able to handle the apres' ski crowd or just the happy hour locals fast and efficiently. The 7 large flat screen TV's at this Bar for Sale carry most the major sports packages and well as QB1 and Trivia. There is all so beer pong, Mega Touch, other video games and even Karaoke on the weekends.
This Bar for Sale by the Restaurant Brokers is profitable with sales approaching $300,000. The real estate is also available to purchase at a very competitive $425 sq. ft. Buy the Bar for Sale and the real estate in one package for $1.2MM. With the big, nearby development plans that is sure to increase your property value. If you choose to just buy the business, the Sellers will remain as your landlord and negotiate a lease that works for all.
If you have been paying attention to the Breckenridge market you know how rare it is that a restaurant and bar become available. That is especially true for downtown Main Street locations like this one. This Bar for Sale in Breckenridge has been serving upscale bar fare, sandwiches and pizza to throngs of tourist and loyal locals alike for over 10 years. Breckenridge, Colorado is not just one of the worlds top ski destinations anymore. Its a four season resort location drawing hikers, campers, mountain bikers, hunters, fisherman and sightseers from all over the world. The good operators can and do now stay open, making money all year long.
Breckenridge is a ''walk first'', quaint, historic resort town and this bar for sale is smack dab in the middle of town on Main Street. It is a ''stones throw'' from the gondola which is one of the main access points to the ski mountain. There are big plans for the adjoining area too; featuring a 160 room hotel, condos and more upscale retail all planed for the next few years.
Some Seller financing would be considered for a qualified Buyer. Contact We Sell Restaurants Today!