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Denver Electrical And Hvac Co
Location: United States -> Colorado -> Denver
Industry: Business Services > Construction




Business Summary

DENVER METRO ELECTRICAL, HEATING, AND AIR CONDITIONING

Well Established Electrical Contractor, 25% Commercial and 75% Residential with 70% of the Revenues from Electrical work. Serving the Denver Metro area for 10 years.

They specialize in residential electrical servicing and contracting of all types. The company has grown historically based on their reputation through a steady long term improvement in their internet presence and rating. They have a strong internet presence with SEO and a great website and most importantly they have it all in place already and just use a 3rd party who the new owner can continue to use to dial it up or down. The original owner helped create the marketing but the marketing is mostly just being managed at this point.

The trailing 12 month revenues through March 31, 2021 were 1.87 with 583K in earnings. 2020's revenues were 1.58M with earnings of 582K. The original owners wife has recently taken over and has decided to sell the company. Her husband had completed a restructuring of the company in 2020 to make it more profitable through updated systems and procedures. Based on how profitable 2020 was compared to 2019, I asked them to have a bookkeeper review the 2020 financials which took two weeks to do and she came back indicating that they were correct. This is also backed up by the fact that the trailing 12 month earnings through March 31st are almost identical to the 2020 numbers. The sales price of 725K is only 1.24 times the trailing 12 months earnings. This is already discounted a lot based on the change in ownership which it probably doesn't have to be since they have a masters license they are using, it is mostly reputation driven residential work.

Location: South Central Denver, CO but can be located anywhere since it is only 800 square ft..

For a Full Sales Package, contact Jeff at 303-905-7607 or Business Broker Colorado


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,870,000
Cash Flow:   $583,000
Cash Flow Type:  EBITDA
Seller Financing:  Yes

About The Business

Year Established:  2011
Number of Employees:  6 - 9
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Will support as long as needed
Reason For Selling:  Personal reasons not related to the business




Print Listing Id: 700362354
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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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