2019 CF Over $8M on $40M in Sales, Includes $5M in Aseets Debt Free.

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$5M Down at Closing Gets $5M in Assets Debt Free, Largest Comm. Contractor. Prop
Asking Price:
$9,500,000

Gross Revenue:
$40,000,000
Cash Flow:
$5,000,000
EBITDA:
$5,000,000
Inventory:
$100,000
included in asking price

FF&E:
$5,000,000
included in asking price

Real Estate:
$3,300,000
not included in asking price

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Business Description

New Business for Sale in Colorado: 28 Yr. Old Niche Construction Company, Cash flows of $8M - $11M on over $40M in sales (2019). Already did $6.7M in first 6 months of year. See why this company is now a license to “print money” going forward. Very unique business model.

The buyer puts down $5M (and pays another $4.5M over the next 5 years) and gets over $5M in assets completely debt free. Not bad for a business that will cash flow over $5M this year on $40M in sales. The business already has approximately 3,000,000 to 4,000,000 of net working capital (AR/cash and retainage over payables) that the buyer will step into. This is in addition to well-over $2M in heavy equipment and 20 late-model vehicles/trucks. The sale includes absolutely everything needed to cash-flow over $5M for the next 3-4 years without buying any new equipment.

This is a new listing, listed on July 12, 2019.

Let us know if you want the actual sales packet which includes the link in the data room with all company financial information and a comprehensive video interview detailing every aspect of the business and full site walk-through. The video interview is critical to watch to fully understand this offering. In the data room is last 5 years of income statements, balance sheets, tax returns, equipment list etc. Everything required for due diligence.

Cash Flow -

2019 Cash Flow (projected at) $8M - $11M on sales of over $40M
(First 6 months of 2019 was $6,727,652 on sales of $17,704,751)

2018 was Cash Flow was $5,672,624 on sales of $24,634,209

2017 Cash Flow was $4,332,998 on sales of $17,896,751

2016 Cash Flow was $2,785,808 on sales of $14,531,533

Sales Price and Deal Structure: The sales price is 9,500,000, with $5,000,000 of the sales price paid at closing. The seller will carry up to $4,000,000 paid over 4-5 years from a qualified buyer. Obviously, the seller is confident in the future prospects of the business since he is carrying 40% of the sales price.

Deal Structure: Put Down $5M at closing and get about $4.8M in assets debt free. At closing, the buyer takes over the balance sheet debt free other than payables (AP). The assets and liabilities on the BS change every day of course, but based on a recent calculation the buyer would step into just under $5M in NET assets. This includes over $2.1M in equipment and about $2.8M in net working capital/cash and accounts receivables (AR). The buyer MUST HAVE no less than $1.5M of their OWN funds to put down on this deal for the SBA to do the deal. (Really about $1.2M, but we want a margin.)

The pump is primed with more contracted work on the books than ever in our history, over $28M in contracted work, a great hand-off and solid pipeline of high-margin work. The seller is fully confident that the business will continue to cash flow at least 4M/yr. on $35M/yr. (these are floor numbers) in sales for the next 5-10 years as long as the buyer follows this incredible new business model.

Who We Are: We are a 28-year-old Commercial building contractor located in the Colorado Front Range that has built over 400 large commercial buildings in 1 county alone. We are so well established that unlike our competitors, we no longer have to “bid” most jobs; the work is just handed to us, we give them a price and in almost all cases we get the contract. Only 10 or 15 years ago we didn’t have the name and established reputation that we have today for solid work that exceeds expectations and is completed before schedule. Today, we have 50 of the strongest workers in the industry and the finest equipment to do any type of project in our established niche market. The business is owned by 2 men but the new owner would take over the hat of the main owner, and the other owner’s position would be absorbed with field supervisors. Today, the business is run almost entirely by 10 key employees who love t

About the Business

Location:
Denver, Colorado
Year Established:
1991
Number of Employees:
50
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About the Sale

Seller Financing:
Seller will carry $4M

Listing Info

ID:
1658038
Ad Detail Views:
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Business Listed by

Paul Olsen

Company Brokers
License# ER.040043531

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