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General Construction Company
Location: United States -> Colorado -> Colorado Springs
Industry: Business Services > Construction




Business Summary

This is a general construction company combined with a helical piering company owned by the same couple.
Location: Colorado Springs Greater Metropolitan Area, 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.

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.

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.

For a Full Sales Package contact Jeff Chapman Eisnaugle at 303-905-7607 at Business Broker Colorado.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $2,510,000
Cash Flow:   $289,000
Cash Flow Type:  EBITDA
Seller Financing:  Yes

About The Business

Year Established:  1986
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned

About The Sale

Management Training and Support:  Will stay as long as needed
Reason For Selling:  The sellers want to retire

Photos

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General Construction Company Photo 1 General Construction Company Photo 2




Print Listing Id: 700282380
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Also See: Franchise Opportunities > Franchise Resales > Colorado Businesses For Sale > Colorado Franchises For Sale > Colorado Business Brokers



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