SOLD!
Details
Asking Price: |
$1,195,000 |
Annual Sales: |
$533,300 |
Cash Flow: |
$284,700 |
Inventory: | N/A |
FF&E: | $100,000 |
Real Estate: | Home Operated |
Employees: | 1 FT Owner 7-8 FTE |
Location: | Colorado Mountain Resort |
Reason For Sale: | Retirement |
Business Description
This Essential and Recession-Proof Business performed very well in 2020! Steady and consistent performance. Company has held multi-year delivery contracts since 2004 with an excellent performance record! Multiple contracts operate in this Mountain Resort Community west of Denver. Earnings are an astounding 48% – 50% of Revenue.
Sale includes a well-trained employee team and vehicles for each of the contract routes. Company has grown 29% since 2016, with room for continued growth! Company vehicle assets are well maintained. Employees are well-trained, experienced – many have been with the company for multiple years.
Company’s routes are in the local area, no overnight travel or boarding costs. Business is home based, and vehicles are stored on location with each route! Excellent Financial Records – Company Adjusted EBITDA (including Owner’s W-2) is 95% of SDE Earnings!
Owner operates this business in a General Manager role – hiring, training, managing vehicle maintenance, and supporting employees. Owner does not work the routes regularly. We are searching for an Active Owner-Operator to assume the current owner’s role. SBA Financing support available. Excellent SBA incentives in 2021 – no SBA loan fees and your first six (6) bank payments are 100% waived (up to $9,000/month)!
Suggested Training/Familiarization includes 30 days training, plus 25 hours for follow-up consulting within six months.
This Essential Business performed very well in 2020 and has room for additional growth!
Represented by Thom Beckett. Tell me more about this business.