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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 SALES PRICE WAS JUST LOWERED as of Sept 21st to 425,000 from 640,000 because we found that they deposited a 79,000 check from an insurance company in 2016 that was for hail damage to their building and their QuickBooks picked it up as income when it wasn't. We have adjusted accordingly as you can see in the attached spreadsheet and PL's. In addition, the Seller has now agreed to carry up to 15% for a qualified buyer. The buyer is showing more flexibility because of them wanting to retire. This is a tremendous opportunity with over 90% recurring revenue, many long term relationships and loyal employees.

The combined earnings for 2016 were $190,569 on sales of $1,807,325. They were established in 1986 as a residential construction company and evolved into a commercial construction company adding the helical piering company 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. This companies revenues comes to them consistently from long term customers who pay 100% of the time.

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


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,807,000
Cash Flow:   $190,000
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

View Larger Photo(s) Of Business
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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