Garfield County, CO Building and Construction Businesses For Sale

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16 Yr Old W CO Medium/Heavy Equip Sales/Rental,UP REVENUES,LOWER PRICEEverything has been Updated! Loyal Employees, Growth Pot, Owner Needs to Sell
$1,870,000Cash Flow: $781,000Seller Financing
16 Yr Old W CO Medium/Heavy Equip Sales/Rental,UP REVENUES,LOWER PRICEEverything has been Updated! Loyal Employees, Growth Pot, Owner Needs to Sell

Glenwood Springs, CO

The owner spends 4 ½ months a year in Alaska. The business has seen an increase in revenues starting toward the end of 2017 partially because the owner has been focusing more on Rental Income from construction in the Roaring Fork Valley. Plus, there is finally confidence that the oil and gas industry is now in a real recovery in Western Colorado. Many of the companies felt they had to wait to make sure that ballet issue 112 failed which it did so the owner believes that there will be a pickup in activity soon. The owner has agreed to adjust the price of this Company to the current value of Equipment and other assets to match a lowered the sales price of 1.87M which will be made up of 1.67M in Heavy Equipment and Rental inventory and approximately 200K in smaller assets. There is a proposed Asset List attached that reflects what that would look like. Keep in mind that this company did 22M in revenue with over 4M in earnings in the mid 2000’s and was probably worth around 15M. If oil and/or natural gas recovers, it could do it again but in the meantime there are several ways to grow this business from the construction industry along. Natural gas prices have firmed up to the point that activity is starting to increase again in their area with the drilling of more than 150 new wells over the last 36 months. Plus, there is a lot of construction taking place that the new owner can continue to increase the rental revenues for. They are the closest large equipment rental/sales company to the 47 mile long roaring fork valley that extends from Glenwood Springs all the way to Aspen where there is a lot of construction taking place. Permits are running at an all-time highs in Garfield, Pitkin, and Aspen Counties and the average expense of new building is up significantly. This company has never had a lower sales price. There is no better time to buy this company than right now. 2018 is seeing a positive turnaround especially in construction rentals. He has a full time salesman doing a great job increasing this currently. He hired a manager of the entire business in January 2018 but let him go in September. He is considering offering his part guy that job meaning there might be a current employee capable of managing this business with or for a new owner. WESTERN CO MEDIUM/HEAVY EQUIPMENT COMPANY The trailing 12 months revenues through September 30 2018 were 4.1M with earnings of 781K. The earnings should have been 1.03M after an adjustment for him being gone during peak season for 4 ½ months(See adjusted earnings spreadsheet attached). 2017 had 3.45M in revenue with 798K in normally adjusted earnings. I don’t have the update for October yet, but the owner states it was their best October in several years. He has even started doing deliveries himself they have gotten so busy. The Seller is asking for 1.7M down payment as part of a total sales price of 1.87M, debt free. There will be 1.87M in current value assets which is mostly heavy equipment. The buyer should be able to get an asset(Equipment) backed loan for this purchase which would get the buyer an estimated 1.2M from the bank. He is motivated to sell because of a health issue and we have lowered the price again. The owner will be flexible to help a buyer figure out a way to make this happen by adjusting the inventory either up or down and will adjust the sales price accordingly. Many long-standing customers with big names along with hundreds of other long-term customers has resulted in a high percentage of recurring business. Plus, natural gas activity will can increase substantially with the approval of the Jordan Cove pipeline. This would provide a pipeline straight from western Colorado to Oregon to be able to export natural gas to Japan. They are the best positioned equipment company if this were to happen. Equipment companies are typically “Fun” businesses to own. The owner takes 22 weeks off a year. A new owner will be able to grow this company by being there and focusing on growth. Location: Western CO along the I70 corridor ___________________________________________________________________________________ The seller seeks a 1.87M total sales price based on the current value of the assets at the closing. Recurring revenue always deserves a premium and this company has a high percentage of recurring revenues based on its location, customers, and reputation. He will adjust the inventory just before the closing to where the total value of the assets will match the sales price and reduce the overall inventory per a buyers request. 100% of the sales price will be covered by the current value of the assets. He prefers a stock sale but this can be either a stock or asset sale. It is priced as a stock sale with the owner keeping his cash and collectable AR while paying off all of the debt. ______________________________________________________________________________________ Brief Overview and Deal Points: This is an equipment, truck and trailer sales, customization, and equipment rental business that sells/rents to construction companies, energy companies, ranchers, and developers. They can find, customize, rent, or sell anything a buyer would need at competitive pricing with good margins. Oil and Gas production dropped substantially in the late 2000’s and has still not recovered but new natural gas wells are still being drilled and the local economy is starting to improve again. The buyer will also step into a solid pipeline of recurring revenue because of their operating model and location. The company has below average overhead for their size and has relationships with some suppliers that allows them to carry some inventory on consignment which frees up working capital and saves them money. They also have exclusive and semi exclusive relationships with various vendors. They are 16 years old and have the biggest name and the finest reputation in the region. The company is a S Corp and they would prefer a Stock Sale which will have the price adjusted by adding the cash and net AR/AP if a buyer wants it. A Stock sale makes sense based on the contracts they have in place with both customers and vendors and that they don’t have a lot of exposure to liability. The seller will agree to full reps (indemnifications) and warrantees and further guarantee a solid legal and business standing. In fact, the seller will offer a full “right to off-set” against the sales price for any liabilities that originated before the closing. They also have a great record for safety (OSHA) and no legal battles. The Seller will sign a non-compete and offer a full transition. He says a buyer does not need any special skills because he can teach him/her what they will need to know to grow the business. They are the largest independent sales and rental company in their area and are an exclusive dealer for a lot of the equipment that they sell/rent. The company offers the best maintained equipment and has long term relationships with most of the area’s largest companies. They know their customers need reliable equipment and have the finest techs and mechanics in the region. It took years to train them and they treat them well. They can buy the equipment so inexpensively that they can actually rent it for years and in some cases still sell it for close to their original purchase price. Their most profitable sales begin with a rental that a customer ultimately buys. They have 4 Main Revenue Areas: 1) Equipment Rental - They have over one hundred pieces of equipment that they track how often they are rented and keep them maintained accordingly. They sell/rent/customize trailers, Caterpillar Equipment, etc. 2) Sales – The company has dealership status with several big names and they also buy, fix up, and resell equipment. This is an area that can be greatly improved with the owner out of town 22 weeks a year. 3) Service – They provide long term service for the equipment that they sell with is an area that can also be expanded to other equipment. 4) Customization – The oil industry in particular has special requirements that they are uniquely able to fulfill. They get orders to customize trailers for specific jobs that their regular customers need. This is high margin work that really increases dramatically when the energy companies are expanding their production which they are starting to see again. “We have the finest employees anywhere. We have 5 employees who are capable of running the business on their own and are all trustworthy, experienced, loyal, and will all stay after the transition. This company is located in a beautiful and very moderate weather part of the Colorado with over 300 days of sunshine per year. This area is growing again also. Their location includes 11,200 Square feet of very functional space on 5.7 acres of property. This is the largest and most functional sales, repair, and rental shop location in the region with plenty of room to accommodate a larger business as it grows. He prefers a sale of the property but will consider a lease for 132K per year triple net or purchased for 2.2M. The property recently passed a Phase 1 environmental test. Growth and Expansion: The new owner should add an outside sales person. The new owner should be able to continue to increase rental revenues. They also need to reach out to the newer oil and gas companies again since many of them have been bought by other groups that they don’t currently have relationships with. The new owner can add new vendors and products eventually also. Advertising truck repair based on their location is something they have considered because they have the mechanics and bays already. The owner is retirement age and wants to sell. This business needs new ownership with the drive to grow it again. It has very little competition and can provide services and equipment to a very large area. Both rentals and sales to ranchers, oil and gas, and construction can help this company to grow again in the current environment. Plus, that area tends to be about a year behind Denver which means that 2019 should be a fantastic year. ______________________________________________________________________________________ If you are NOT interested in this business for sale, but you refer someone to us who buys it and we collect the full commission, we will pay you a referral fee of 3,000 as part of the closing. Please send us anyone (or email this to anyone) who you think would be interested in this offering. Thank you. Please Call of Email for Information: The broker is available at any time to discuss your interest in this offering. Sincerely, Jeff Chapman Eisnaugle 303-905-7607 Direct 303-284-7025 Main 720-524-6482 Fax 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. 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.

30 yr old Radon Testing and Mitigation BusinessExcellent Reputation, Strong Profit Margins, Expansion Possibilities
$625,000Cash Flow: $257,707
30 yr old Radon Testing and Mitigation BusinessExcellent Reputation, Strong Profit Margins, Expansion Possibilities

Glenwood Springs, CO

Radon gas is a colorless, odorless, radio-active by product of Uranium found naturally in the soils and can accumulate to dangerous levels in homes. It is the second leading cause of Lung Cancer. The company offers Radon Testing and Mitigation services to homes and businesses near Aspen and Vail CO, where concentrations can reach unhealthy levels Radon Testing and Mitigation is a growing industry and is driven by residential home sales and new construction. More and more people and government agencies are becoming aware of the health risks associated with radon. There are a great number of existing homes that need mitigation to make them safe for their occupants, and most localities now require Radon Mitigation in new homes and remodels which ensures an ongoing demand. Making homes safe for its families is a much needed and appreciated business. The company has been operating in the area for over 30 years. The reputation for quality work, responsiveness, and customer service are well known. It has an A+ rating with no complaints and a 5 Star review rating with the Better Business Bureau, and a 4.9 Star rating in Google Search results. The company does very little in the way of advertising. The majority of the business comes from referrals from real estate professionals, home inspectors, and general contractors who know the business and the excellent quality of work they perform. There are significant expansion opportunities to be had by easily adding other complimentary environmental services like Mold and Mildew remediation, Water Damage restoration, Moisture Control, Air Quality, Energy Efficiency, etc., and all could be expanded into other nearby communities. This is a lifestyle choice, not just a business. Don’t put up with big-city problems and just “escape” to the mountains only on weekends. Live in the Mountains! Clean air, no traffic, low crime, abundant recreational opportunities and scenery. The friendly “small town“ environment provided by the local mountain communities makes it a great place to work, live and raise a family.

Mountain Resort Earth Moving
$850,000Cash Flow: $251,000
Mountain Resort Earth Moving

Glenwood Springs, CO

Long established earth moving company for sale in the Colorado Rocky Mountains. Last three years average sales and SDCF, $1.2M and $251,000. Frist time offered for sale, this earth moving company has an excellent reputation for quality work. Commercial and residential jobs range in size from $25K to $500K. Most of the work is site preparation for houses, and commercial buildings. Over a $1M of work on the books and plenty of work for a new owner who is interested in growing the company. The company has excellent staff in place. Owner does the estimates, A/R, books and oversees the Superintendents. Equipment is estimated at a value of $900,000 based on “Machinery Traders” comparable equipment. All equipment transferred free and clear. Owner will assist in a transition to understand all aspects of the business and its customers. Contact: Business World Brokers, Inc. (970) 704-1100 Although this information is deemed reliable, it is not guaranteed by Business World Brokers, Inc.


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