| Asking Price |
$2,300,000 | Inventory |
|
|---|---|---|---|
| Gross Income |
$11,300,000 | Real Estate |
$450,000* |
| Cash Flow |
$1,100,000 | Year Established | 1997 |
| FF&E |
$700,000* | Employees | 12 |
* included in the asking price
** not included in the asking price
Selling for under 1.5 X s 2007 cash flow after you consider that the deal includes $450,000 of real estate! 2006-2008 revenue is over $11MM and cash flow is over $1MM per year (per tax returns and CPA financials). We have an $8,700,000 backlog for 2008 and expect $1.2mm of net income for 2008 = current contracts. We are a service business that manages the construction of Banks, Hospitals, Super Targets, Med. Centers, Hotels, Retail Strip Malls, Schools, MRI Centers, etc. 2008 will bring $11.5MM in sales and $1.2MM in cash flow, most is already contracted! Very clean books and no debt. The sale includes $250,000 in CASH. We have never written off $1 from our customers in 10 years Our steady customers love us. The forecast for our industry and region is expected to grow at 5-9% per year for the next 5 years. All our work is negotiated , no hard bid work. We have the largest margins in the region at 20%. The owner has spent the past 4 years positioning the business for transfer. The business completely runs itself. 12 employees run everything. The owner needs no construction experience, a business or marketing background preferred. The seller is 100% confident that sales and cash flow can double in 2-3 years if new owner simply takes on the work being asked of us. Currently we just cherry pick the most profitable work from our steady customers. There is tremendous demand for our niche building work. We have the highest level bonding in our market which allows us to get the best jobs. We have the best safety record and lowest injury history. Overall, we have the strongest reputation for fair-dealings and high quality work in the region. We are trusted and respected widely which has been key to our success. Some of our customers use us exclusivity. To get a Comprehensive SALES AND FINANCIAL PACKET on this business CALL OUR OFFICE 303-382-1915 or Please go to companybroker.com to get Non-disc. forms to fax to us for this packet.
Facilities: $450,000 of real estate included in the sale price and $250,000 Cash!. Very functional, best location, quick access to 2-3 major highways. 1,300 SF of building space. Building is 10 yrs old. Great design! This sale also includes 6 late model trucks, well equipped; everything is here to make $15-$18MM/yr. Very low overhead as 6 of the 12 employee work from home. We do not do the construction; we are a service company that manages the jobs. Seller will carry 25%!!
Competition: We have just 2-3 "real" competitors to speak of in the Front Range. Over 50 long-standing customers bring us all the work we need. We are overwhelmed with bid requests; but we just cherry pick the most profitable jobs. A new owner can grow it simply by taking on more jobs being asked of us. In the mountain towns the profits are substantially higher, but we have never pursued it. Steamboat for instance will have $4BB of new commercial construction in the next 5 yrs that we can benefit from if we place a small office there.
Growth/Expansion: We have never done any advertising or sales/marketing. The work just comes to us. Don t even have a website! This is the real value. A new owner who is more of a "sales/business person" could easily double the business in 2-3 yrs. There are hundreds of businesses and prospects that don't know who we are; there are only 2-3 companies that do the specialized work we do. The owner is confident that it could cash flow $3MMk on $20MM in gross immediately. In 2006-2008 we cash-flowed over $1.1MM without any effort ; the work just comes to us.
Financing: Seller so confident in the business transfer - will carry up to 25%.
Support/Training: The Seller will provide 3 months of comprehensive training to ensure a smooth transfer. Again, the business runs itself due to the excellent long-term employee base. However, the owner has an excellent short and long term plan for solid growth that the new owner will benefit from.
Reason Selling: After 30 years of working, Seller is ready for a change.

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