Construction, Buyer Gets Big WIP, Earnings Way Up, 90% Recurring RevConsistant Work, No Construction Experience Needed, Huge Growth Potential$525,000 Cash Flow: $289,000 Seller Financing Construction, Buyer Gets Big WIP, Earnings Way Up, 90% Recurring RevConsistant Work, No Construction Experience Needed, Huge Growth PotentialColorado Springs, CO
The trailing 12 month earnings through April 30, 2018 were 289K on revenues of 2.51M. The earnings are up over 50% from 2017. The owners had some work pushed into 2018 which made the 1st quarter of 2018 look better than it should have and calendar 2017 look worse than it should have. The trailing 12 months allows for both and more accurately reflects their proper earnings. The Sales Price is currently $525K which is ONLY 1.82 times the trailing 12 months of earnings. This will qualify for an SBA loan with a 10% down payment to the bank and the Seller will carry up to 15% for a qualified buyer. This means that a buyer can buy this with only $55K in liquidity plus working capital. The buyer is showing more flexibility because they want to retire. This is a tremendous opportunity with over 90% recurring revenue, many long term relationships and loyal employees. This is a general construction company combined with a helical piering company owned by the same couple. They believe that a new buyer can easily grow the company which they have not tried to do for many years as they spent more time with their family and grandkids. They were established in 1986 as a residential construction company and evolved into a commercial construction company adding SCHP in 1990. They do most of their work for the Local, State, and Federal Government especially the US Postal System(USPS). They have a long term relationship with the City of Colorado Springs, Denver, Denver Suburbs, the USPS, and with many of the private owners of Post Offices in Wyoming, Colorado, etc. They are as busy as the owners want to be after 31 years working in the industry and 4 grand kids. They are spending 30 to 35 hours a week working for the business and neither goes out in the field with some exception for him on larger bids. This company has a very high percentage of Recurring Revenues because it has a long term reputation with the USPS and various Government Agencies. This doesn’t mean that every year is the same but that most of their customers need recurring work over time. The Sales Price is currently 525K with the Seller willing to carry 15% of it. This has already had a bank look at it that said they will approve a SBA loan for a qualified buyer. This means that if the buyer carries 15% which is 71,250 this leaves 403,7500 which a bank will provide with the buyer matching just 10% of. 10% of 525,000 is $52,500 that a buyer would have to bring to a closing. The sales price is less than 2 times the earnings and includes all assets except the real estate. The risk in buying construction companies is whether you will have new jobs post closing and whether you can grow the business. They have 90% plus in recurring revenue and do zero advertising. The sellers state several times that they could be much larger if they were trying to grow it. They are retiring and have kept the company at a comfortable size for years. Plus, they have almost 200K in current value assets including 104K in vehicles/trailers. No construction experience is necessary. They will train you and let you use their licenses until you get your licenses which they can help you with. A buyer will get a business that has both work in progress and work waiting to be done. In other words, this business will not change the day of the closing. This companies revenues comes to them consistently from long term customers that pay 100% of the time and pay in a timely manner. Location: Colorado Springs Greater Metropolitan Area, CO _____________________________________________________________________________________ Brief Overview and Selling Points: The company repairs, builds, and services government buildings of all types especially for the United States Post Office and Private Post Offices. Most of their Post Office jobs are time and materials and don’t require that they need to pull a permit. If they can’t do the work themselves, they will sub it out and mark it up 20%. If a project is too big for them, it is not uncommon for a larger contractor to be the general contractor and sub some of the work to them. They do mostly carpentry, concrete, and traditional commercial construction framing. They sub most of the mechanical, plumbing, electrical, etc. Most of their jobs are 30 days or less with the average job being close to 2 weeks. Their employees don’t mind the short term travel. The helical piering company was slow for many years but is picking up now as both new construction and remodeling have steadily increased with the increasing population in and around Colorado Springs. They feel both companies could be a lot bigger and profitable with some advertising. They are licensed in CO, WY, and UT. They have done some work in MT and NE also. They expect a great finish to 2017. There are 8 EE’s total with 4 of them being with the company for 8 years or longer. One carpenter has been employed for 6 years and the only new employees are the 2 day laborers whom turn over every year or two normally and a receptionist, but she has been with them over a year . Many companies currently have trouble finding and keeping employees. They do not. The business has the finest employees in the industry, the seller insists. We also have well-trained subs who are 100% loyal to the company and save them money in liability, health and payroll taxes. Since 1986 they have had a great reputation with top notch customer service. They also have a stellar worker’s safety history without anything but small claims and enjoy a low workman’s’ comp rate due to their safety record. The sellers will agree to full Reps and Warrantees to a solid legal and business standing. This is an "S Corp" and it can be either a stock or an asset sale. Their A-1 license in El Paso County also allows them to do roofing and solar. The Colorado Springs area has had major hails storms which can create a large demand for roofing repairs and replacing like this year and solar is becoming very popular especially in CO because we are the 2nd sunniest state. Marketing: "We have no advertising”. The work just comes to us. The new buyer can grow this company through by adding advertising, adding a salesperson, and by just accepting more of the work being shown to them every day. They also have zero social media and social media marketing. No SEO, no Facebook, no LinkedIn, etc. The sellers will stay on as long as the buyer would like them to. They will ensure a comfortable transition of employee, vendor, and customer relationships. The seller has a wealth of knowledge and many ideas to grow the business. In short, they are committed to help the new owner take the business to the next level. We have the finest reputation in the area and have no legal battles. The Property is 1.1 acre with a 6,250 square feet custom built main building in 2001. There are 2 other buildings on the property for storage which are built to compliment the main building in the same style that total less than 600 square feet. The main building has a carpentry shop, large drive through vehicle bay, metal cages for tool storage, reception area, separate bathrooms, and a lot of room for additional storage and growth. The property is being offered for $800K to the buyer of the business only which was determined by searching comparative listings. The property is being offered separately from the business and is owned by the owners of the business individually. Colorado Springs Named Hottest Housing Market by Dow Jones publication. Published on June 16, 2017. COLORADO SPRINGS, Colo. – Colorado Springs is the country’s hottest housing market, according to a list published Tuesday by MarketWatch, a publication of Dow Jones & Co. The ranking is based on mortgage application data analyzed by ATTOM Data Solutions. Ranked number one, Colorado Springs is the only Colorado city on the list and is followed by Charleston, S.C. and Raleigh, N.C. See the full list and an explanation of the data here: http://www.marketwatch.com/story/the-15-hottest-housing-markets-in-the-us-2017-06-13 Also, here is the general tourist Web Site for the Colorado Springs Area: http://www.visitcos.com/ Plus, Colorado is the best State in the country to own a business. Please see the web link below. Colorado is THE "#1" fastest growing and strongest economies in the United States, per Money.MSN.com and Business Insider. This article ranks all 50 states by eight economic measures including GDP growth, housing prices, job creation and exports. http://money.msn.com/investing/the-50-state-economies-from-worst-to-first _____________________________________________________________________________________ Financial Information: Asking: $475,000. This will qualify for a bank loan with an application from a suitable buyer. They will keep their cash and AR/AP. The business will transfer debt free. Please Email or Call for Information: jce@companybroker.com or call Jeff any time at 303-905-7607 to discuss your interest in this offering. If you are NOT interested in this business for sale, but you refer someone to us who buys it, we will immediately pay you a referral fee of $2,000. Please send us anyone who you think would be interested in this offering. Sincerely, Jeff Chapman Eisnaugle Direct 303-905-7607 Office 303-284-7025 Fax 720-524-6482 jce@companybroker.com 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. The information contained in this e-mail message is confidential and may be protected from disclosure. Please be aware that any other use, printing, copying, disclosure or dissemination of this communication may be subject to legal restriction or sanction. If you have received this e-mail message in error, please reply to the sender and delete it from your computer. 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.
Portrait Studio in Scenic Colorado for saleComplete turn key photography studio!Portrait Studio in Scenic Colorado for saleComplete turn key photography studio!Colorado Springs, CO
Elegantly appointed portrait studio. Complete with furnishings, equipment, over 3000 square feet of backgrounds complete with trees and flowers to adorn the backgrounds,dressing room, reception area, projection area, work room, guest restroom, small kitchenette. Includes children's clothing, boudoir clothing, assorted clothing for the different backgrounds, 2 fur coats. The entrance is complete with lighted trees and a bistro set. Plus much more. Ideal for children, women, groups, business, high school seniors and boudoir photography. Why start at the bottom when the top is not only available but reasonable!!!
4Jackson Hewitt Tax Service Existing Business in Colorado Springs, CO2 Walmart LocationsJackson Hewitt Tax Service Existing Business in Colorado Springs, CO2 Walmart LocationsColorado Springs, CO
Jackson Hewitt Tax Service is the 2nd largest in-person full service tax preparation company in the nation. Since 1986, the organization has grown to nearly 6,000 franchised and company-owned locations, including nearly 3,000 in Walmart Stores throughout the United States. We are an innovator in the tax industry with a mission of offering our hard-working clients access to simple, low-cost solutions to manage their taxes and tax refunds. Why Jackson Hewitt Is Right for You Lifestyle Choice - Tax Preparation is a Seasonal Business Multi-Unit Expansion - Our Franchisees Average Over 7 Locations Protected Territories Brand Support With National and Regional Marketing Industry Leading Financial Products for Our Clients The Strength of Our Partnerships Jackson Hewitt, Walmart® and American Express Serve® are all committed to helping the hardest working Americans do more with their money and get ahead in life. Together, we’re teaming up to give our clients faster, lower-cost and more convenient access to their refund and also to provide smart tools to manage that money. Tax Preparation is a Stable Industry According to the IRS.gov website, over 152 million Americans filed a tax return in 2017, with nearly 60% of all individual tax returns being prepared by a paid tax professional. This information is not an offer or solicitation of an offer for a franchise. It is for information purposes only. Currently, CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA and WI regulate the offer and sale of franchises. We will not offer or sell franchises to residents of these state unless/until we have complied with applicable law. This advertisement is not an offering. NY Residents: This advertisement is not an offering. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law. MNFileNo. F-7505
