The company offered is a commercial specialty contractor specializing in Division 10 products. Division 10 refers to specialty products and materials found in commercial buildings that include fire extinguishers, restroom partitions, accessories, lockers, corner guards, marker boards and flag poles. Their customers are primarily the largest, most well-known commercial general contractors in the state and the country. They also work directly for school districts and commercial property owners.
The market area is primarily Colorado but includes other states as well. The company has gained significant market share since 2017, averaging 31% growth for the last three years. The current owner has put together an exceptional management team who work independently, allowing the owner to concentrate on executive functions on a part-time basis. 2023 promises another big growth year as the company has contracted work of over $6,000,000 already in-process.
FacilitiesThe facility is a 4000 square foot, light industrial property, with a 1200 square foot loft office suite. Monthly rent is $4000.00
Financials
Asking Price: $1,900,000
Included in the Asking Price: Fleet, worth $156,500. Inventory $85,000. FF&E $47,500
2022 Revenue: $ 5,300,000
2022 Cash Flow: $640,000
Seller Financing
The seller is willing to finance a portion of the sale as required for SBA financing.
Market Outlook
Competition: The company is among the few companies that win the lion’s share of Division 10 commercial work in Colorado. Management reports that they win approximately 43% of all jobs they bid on.
Growth & Expansion: The company has grown to be a major player in the Colorado commercial construction market. The company is built on a firm foundation of excellent workmanship and a well-known team that keeps them on the short list of bidders for most commercial jobs.
This company is a likely acquisition target for the strategic commercial construction company looking to expand in this market or scope of work or an entrepreneur with the business skills to take it to the next level. Given the demographics of the area and explosive growth of the immediate business community, the outlook for this simple business’s services is bright.
About the Sale
The current owner has a portfolio of business ventures. Nearing retirement, he plans to slow his pace and spend more time with family. He is willing to train the new owner for 30 days as a part of the sale. Further consulting is negotiable.
Send Me More Information about this Business
All information contained herein provided by business owner, to be verified by buyer, and not warranted by Crestone Business Group. For more information on this or other profitable business opportunities, please contact:
Crestone Business Group
Jeff Balch, Broker
Direct Phone: (719) 440-4597 | jeff@crestonebusinessgroup.com | www.crestonebusinessgroup.com
