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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 2017 revenues were $2.25M up 18% over 2016's $1.9M with earnings of $154K vs $136K up 13%. The Sales Price was lowered to 425,000. 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 $50K 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.

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. 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


Asking Price Range:  $250K - $500K
Gross Revenues:   $2,250,000
Cash Flow:   $154,000
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


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General Construction Company Photo 1 General Construction Company Photo 2

Print Listing Id: 700282380
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