Central Mountains Traffic Control & Flagging Firm

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Asking Price:
$525,000

Gross Revenue:
$850,000
Cash Flow:
$220,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$100,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This is a one-of-a-kind traffic flow, control and safety services company actively working in the central Colorado mountain markets, just north and south of I-70. The business could be run remotely from Grand Junction or Denver, but is likely to need a hands-on owner who lives nearer the center of the market served. Because there are so few competitors, there is a great opportunity here. Further details of the business will be revealed, however, only to those buyer prospects who are screened by the broker.

Most “flagging” jobs are along Colorado’s state and federal highway systems. There are also smaller individual firms that specialize in county and municipal roadways. This firm for sale is one of those types of firms. Most, but not all, of their work is for road construction. Occasionally, they handle public event crowd control.

This firm offers detailed, computerized traffic control plans to public and private entities, mostly as a sub-contractor to construction companies doing the primary work. It supplies the planning concept, labor and special equipment needed to carry out each assignment. The company has a storage lot for equipment, but no formal office. The two owners operate mostly out of their personal vehicles. They lease employee-owned vehicles as a way to supplement their fleet.

This firm has just two principals working full-time and a small crew usually working seasonally. The period from November through March each year is slow, so an owner can have a seasonal business unless more work in the warmer western Colorado areas that don’t get snow is desired. Current owners mostly take that season off, but there is plenty of business for a new owner who wants to work for a full 12 months.

One owner is selling to retire after 20+ years in the business. The other owner is not ready to retire and will sign-on for a new owner as a long-term key employee going forward. The owner who will stay with the business as an employee is not, however, looking to be a partner with a new owner. This offer is for a 100% interest in the company.

A complete Offering Summary description of the opportunity and complete financials for this business is available to qualified, registered buyer prospects through the broker.

About the Business

Year Established:
2009
Number of Employees:
27
Home Based:
Yes
Real Estate:
Owned
Facilities:
8,000 sq. ft. equipment storage lot. Home-based business, no office building
Website:
N/A
Market Outlook/
Competition:
There are few competitors, but each is most likely well-entrenched. Relationships with other contractors tend to last a long time. The current high-demand for this service should continue until the U.S. catches up with its road infrastructure problems. The labor market is tight, which gives the advantage to anyone who is a good at retaining employees. Automation is entering this industry. Automated flaggers are now available with remote management capability, which will lessen the need for on-site employees in the future.
Growth & Expansion:
The growth history of this particular firm was 50% between 2014 and 2016. This was too much for these owners. They now turn down jobs.
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About the Sale

Reason For Selling:
One of two owners is retiring. One not retiring willing to work for a new owner.
Training/Support:
Owners will train.
Seller Financing:
$125,000, 6%, 5 yrs.

Listing Info

ID:
1447377
Ad Detail Views:
1886

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Business Listed by

Carolyn Ryan

Colorado Business Brokers
License# FA.100077038

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Sponsoring Broker:

Glen Cooper
Colorado Business Brokers
License# #ER.100036824 Colorado R.E. License

U.S. Census Data for Colorado
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Colorado
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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