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$595K CF on $5.6 MM GR, Niche Electrical
$1.8 MM in Assets (Appraised Value) for $1.9 MM
Very Niche? business. 2-3 competitors in the state! Sale includes $681,000 in Current Accounts Receivable, $85,000 in Current Retention Receivable, $291,000 in vehicles and $468,625 in heavy equipment (auction value), $22,050 in office FF&E, $260,000 in real estate and improvements (appraised). All assets will be paid off at closing. Buyer receives over $1.8 MM in hard assets. The business is selling for only $100k more than the value of the assets and the business cash flows over $500k per year over the last 4 years!! We collect 99.8% of our receivables. In fact, we have only written off $5-7k over the last 10+ years! We have strong G.C. and customers that feed us work. We are a specialty electrical contractor in metro Denver with 28 loyal employees, efficient systems, solid long-term customers/contractor relationships. We are well-trusted and our customers come to us over and over, year after year. We only have 1-2 competitors on most jobs. Municipal and commercial work only, WE DO NOT DO ANY RESIDENTIAL CONSTRUCTION. Sales have increased by an average of 20% per year over the last 5 years with no advertising, no marketing, or sales people. A buyer could easily double the business in 2-3 yrs. (in the current facility). There is excellent margin work at our door that we turn down every day. The seller is a ?tradesman? and does not have the skills to grow the business. We just take a portion of the work being asked of us. This is the upside for the new owner!! No direct experience needed or license. The tremendous growth in Colorado provides an incredible need for this specialized road work and we directly benefit from our proximity to 3 of the top 6 fastest growing counties in the U.S. Excellent location; close to 4 hwys. Over 10 key employees currently run the operation.
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