Sold Businesses
Hot Tub Sales And Services With Recurring Income! #1408
SOLD!
Details
| Asking Price: |
$1,795,000 |
| Annual Sales: |
$2,188,370 |
| Cash Flow: |
$700,000 |
| Inventory: | $455,000 |
| FF&E: | $150,000 |
| Real Estate: | Lease |
| Employees: | 7+ FTE/PTE |
| Location: | I-70 Mountain Corridor |
| Reason For Sale: | Retirement |
Business Description
Growing Hot Tub Sales & Services Company serving the mountain resort markets west of Denver. This business provides services to commercial and residential hot tubs and spas. Company is a market leader with long established relationships.
Recurring income generated through consistent repair and maintenance services, along with retail sales of hot tubs and service components. Company has a deep technical team that is well trained, Certified Pool & Spa Operator (CPO) qualified, and well paid (career positions). The Company’s vehicle, trailer, and equipment assets are in good shape, and right-sized for continued growth.
Company has a broad and diverse revenue stream with smooth year-round income. Seller is looking for an active owner-operator to step into the business with management, marketing, and finance skills, and who will continue the tradition of being active in an amazing lifestyle community.
Commercial & Residential Services with Recurring Income Stream! Seller may offer financing support along with SBA assistance. Long Term Lease of the Office & Showroom is available. Seller is flexible with the Training & Transition period and Non-Compete. Mature organization ready for its next chapter of leadership!
Represented by Thom Beckett. Tell me more about this business.
Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.
Mountain Route-Based Bar And Restaurant Service Business #1929
SOLD!
Details
| Asking Price: |
$1,425,000 |
| Annual Sales: |
$1,599,561 |
| Cash Flow: |
$510,679 |
| Inventory: | N/A |
| FF&E: | $260,452 |
| Real Estate: | Leased |
| Employees: | 2 FT Owners + Staff |
| Location: | Colorado Mountains |
| Reason For Sale: | Other Business Interests |
Business Description
This highly profitable business provides a critical, regularly scheduled, and essential service to bars and restaurants in the Colorado mountains. This company has substantial recurring revenue across a large customer base. There is very strong potential to grow this business. Multiple SBA lenders have pre-qualified this opportunity for financing. The business needs in-person, on-site management in the Central Colorado mountains.
Represented by Kimberley Rivero. Tell me more about this business.
Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.
50 Year-Old Niche Essential Services Biz With Repeat Clients – SBA Qualified #1894
SOLD!
Details
| Asking Price: |
$3,600,000 |
| Annual Sales: |
$4,000,000 |
| EBITDA: |
$1,200,000 |
| Inventory: | $250,000 |
| FF&E: | $500,000 |
| Real Estate: | Lease |
| Employees: | 16 FT |
| Location: | Northern Colorado |
| Reason For Sale: | Retirement |
Business Description
BUSINESS TYPE:
The specific industry will be divulged upon confidence that Buyer will honor confidentiality and that Buyer is financially capable of such purchase. Because this business is the market leader in the area, it is extremely important to keep knowledge of their desire to sell under strictest confidence.
FEATURES:
- 50-year-old company with steady growth
- Provides Mandatory Testing, Service and Repair
- Fully Staffed with long-term employees (some over 20 years)
- Well-Equipped with specialized equipment
- High Barrier to Entry (licensing required)
- Repeat Clients – well distributed clientele
- Recession-Proof
ESSENTIAL SERVICES:
Company provides truly “essential” services for residential and commercial clients. State law requires testing and maintenance of required utility service. Business is recession proof.
SALES/MARKETING:
Revenue has been steadily growing over 50 years and was not impacted by COVID. Revenue is all from testing, service and repair. This Company does not perform new construction. Services are not discretionary (unlike remodeling or construction services). Marketing for new clients is not necessary as the vast amount of revenue is derived from repeat clientele which includes commercial, municipal and residential. Revenues are very well distributed where the largest client represents only 5% of annual revenues. The company enjoys major market share – they are much larger than the next competitor. The company recently expanded to a new territory and there are many more opportunities to grow through further expansion of territory. Contracts with Customers should be transferable (buyer to confirm during due diligence). None of the products they service, or sell are exclusive – so vendor accounts can be established for new Owner.
STAFFING / LICENSING:
State issued licenses are required. Two owners and two key employees have the license and will ensure continued use. The Company is fully staffed with many key employees covering all operational roles. One Owner performs General Management, strategic role and will train for a few months but is ready to retire. Another Owner performs technical services and is willing to stay on part-time for an extended period. The company does need to hire at least two more technicians to support their growth.
EQUIPMENT:
The equipment and supplies included in the sale will suffice for volume at hand and some growth. About $100K/year is needed to replace old equipment and for moderate growth.
FACILITY:
Company leases 6,000 s.f. warehouse and office space. Owner will assist with securing a lease for the facility.
IDEAL BUYER:
The ideal buyer would have general management skills. Technical skill or experience is not necessary, but they should have great appreciation for employees that perform technical services. The greatest asset of this business is the employees and the culture to take care of customers and employees.
Represented by Bill Scott. Tell me more about this business.
Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.
Well Established Property Management Company #2802
SOLD!
Details
| Asking Price: |
$300,000 |
| Annual Sales: |
$130,000 |
| Cash Flow: |
$105,000 |
| Inventory: | N/A |
| FF&E: | N/A |
| Real Estate: | Lease |
| Employees: | 1 PT Owner |
| Location: | Northern Colorado |
| Reason For Sale: | Retirement |
Business Description
- Well established property management firm in Longmont since 1994.
- Outstanding reputation with clients and rapport with tenants.
- Seller has taken a selective approach to clientele and properties, leading to extremely low tenant turnover and vacancies while maintaining high client retention. Some clients have been with the company since its beginning, almost 30 years.
- Client base is a mix of individuals and small investment groups.
- The business handles leasing, management of funds, cleaning, and property maintenance requests of single and multi-family rental homes and apartment complexes.
- Currently, the owner works part-time in the business and is the only operator. No maintenance or cleaning is performed by the owner.
- A reliable base of contractors, handymen, cleaners, etc. has been developed to allow for streamlined response to property and tenant needs.
- The company has experienced 100% organic growth by word-of-mouth advertising. Currently no marketing efforts are in place, which presents opportunity for growth by advertising investments.
- Per the Seller, this business can be operated out of a home office.
- As the Seller has been preparing to retire they have continually turned down additional clients, indicating what they believe to be plenty of opportunity for growth within the market.
- This company would be a great addition to an existing property management firm, or a stable base to expand on for someone starting their own company.
- Office space is currently leased (month-to-month) in building owned by seller. A month-to-month or long term lease is available to buyer if interested. No lease commitments are associated with business sale.
- No FF&E is required for operation of business or included in sale.
Represented by Tre Scott. Tell me more about this business.
Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.
Turnkey Physical Therapy Practice #2903
SOLD!
Details
| Asking Price: |
$550,000 |
| Annual Sales: |
$662,000 |
| Cash Flow: |
$267,000 |
| Inventory: | N/A |
| FF&E: | $120,000 |
| Real Estate: | N/A |
| Employees: | 4 FT/2 PT |
| Location: | Northern Colorado |
| Reason For Sale: | Unique Circumstances |
Business Description
This turnkey, well-known, specialized physical therapy practice is located in the heart of Northern Colorado. Founded in 2010, they have built a fantastic reputation with excellent Google reviews( 4.9/5) over the last thirteen years.
With over 400 active patients and growing referral sources, they have a nice blend of cash, federal, and commercial insurance payors. Their 2022 revenues were $662K, with Seller Discretionary Earnings of $267K (and growing).
They have a spacious, highly desirable location with reasonable rent and plenty of parking off the highest-traveled road in town. They currently sublet ~1300 sq. ft. of space to a regenerative medicine practice, which can continue or be used to expand the P.T. operation.
The business comes with ~$120K of F.F.E., with w/an option to buy additional on-site equipment, such as x-ray, ultrasound, clinic room equipment, etc. The current location has tremendous growth potential, with a satellite office opportunity in the next community. Their experienced and highly effective team is willing to stay and transition with the new owner.
Financial buyers, investors, and other providers are welcome! Due to a unique statute in the state of Colorado, this can be purchased by a non-medically licensed buyer or a licensed provider outside of this specialty with the proper legal structure and team in place. The company is pre-approved with local S.B.A. lenders and ready for immediate acquisition and transition.
Sound interesting? Contact me here to learn more.
Represented by Don Taylor. Tell me more about this business.
Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.
Winter/Summer Recreation Sports Retail And Rental #1409
SOLD!
Details
| Asking Price: |
$600,000 |
| Annual Sales: |
$830,000 |
| Cash Flow: |
$100,000 |
| Inventory: | $450,000 |
| FF&E: | $100,000 |
| Real Estate: | Lease |
| Employees: | 1 FT Owner 6 FT |
| Location: | Colorado Mountain Resort |
| Reason For Sale: | Other Business Interests |
Business Description
This is a well established winter and summer outdoor recreation retail and rental business that is located in a prestigious mountain resort area. Year-round service for all outdoor sporting activities, including skiing, snowboarding, and mountain biking. Extensive inventory of retail and rental hard goods for every need. The soft goods are selected for the play environment that surrounds the area. The expert staff can help with outfitting every adventure with the appropriate gear. The experienced service department can handle all maintenance and repairs for new and rental equipment. This lifestyle business offers great rewards and opportunities for a new owner who values and enjoys recreation activities in all seasons.
Represented by Thom Beckett. Tell me more about this business.
Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.
Specialty Outdoor Contractor (priced for quick sale) – SALE PENDING #1880
SOLD!
Details
| Asking Price: |
$360,000 |
| Annual Sales: |
$990,000 |
| SDE: |
$242,000 |
| Inventory: | NA |
| FF&E: | $20,000 |
| Real Estate: | Lease |
| Employees: | 1FT & 4PT |
| Location: | Colorado Front Range |
| Reason For Sale: | Retirement |
Business Description
Business is priced for very quick sale. Owner typically takes off Jan/Feb every year and would like to transfer business before this time so he can retire. He will provide ongoing support on part-time basis if desired.
22 year old business provides a simple product directly to homeowners throughout Colorado’s Front Range. Because of limited competition, the exact description of the business will be disclosed after a Non-Disclosure Agreement (NDA) is executed (contact Broker for this). Demand for the product is increasing as homeowners are looking for improvements both in aesthetics and safety. Company markets through local home improvement magazines and a custom website with great organic search results. The sales process takes less than an hour and the customers generally accept the order immediately. The average order is about $4,000. Installation typically takes the team one day. The installation does not rely on other contractors to complete their work prior, so this firm has control over the schedule. The company has customized sales literature and nice samples. Product is fabricated custom for every job so it can’t be found at local building material warehouses. The customer pays a deposit to place the order which covers the material cost. The installation occurs when material arrives from manufacturer, final payment is made upon completion. The Installers are well trained and are dependable. The Owner works full time in biz and performs sales and project management and is willing to stay a short while in sales role and will train the new owner in all facets of the business. The sales process is simple, well-tuned and can be easily trained to the Buyer or to a new Salesperson. Company is fully staffed for the current volume and has one seasoned supervisor that should stay with the company long-term.
This is an excellent family business that can be run from a home office anywhere in the Greater Denver area. Currently, a 3,000 square foot warehouse is used to store materials and tools. Customers do not visit the warehouse. The ideal buyer would be someone that is good with homeowners and enjoys sales and project management. This is a great business for someone that enjoys being out in the field.
There is growth potential beyond the current market area, but additional installers will be needed. The owner has kept the business small because he just didn’t want to manage more than a small team of people. This would also make a great “bolt-on” business for an existing company that serves similar customers.
Represented by Bill Scott. Tell me more about this business.
Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.
Profitable Electrical Contracting Business #2602
SOLD!
Details
| Asking Price: |
$1,100,000 |
| Annual Sales: |
$2,722,000 |
| Cash Flow: |
$498,000 |
| Inventory (Not Included): | $250,000 |
| FF&E: | $203,000 |
| Real Estate (Not Included): | $3,400,000 |
| Employees: | 2 FT Owners / 22 FT |
| Location: | Northern Front Range |
| Reason For Sale: | Retirment |
Business Description
Overview. Well established full-service Electrical Contracting Business serves the Boulder and northern Front Range markets, with strong financial performance and opportunities for further future growth. The Company is highly respected in the marketplace and retains a significant base of recurring customers. The Company serves the residential, commercial, and industrial market segments and has a dedicated staff of loyal and experienced employees.
Strong Geographic Markets. Strong Geographic Markets. The Company serves the Boulder and northern Front Range markets, which continue to show strong residential and commercial development. Adjacent geographic markets (Loveland/Windsor/Fort Collins, and Denver Metro) also provide opportunities for organic growth.
Superior Reputation And Long-Term Customer Relationships. The Company is a family owned and operated business with significant experience in the marketplace. The Company enjoys several long-term customer relationships and estimates that 80%+ of sales are derived from these relationships and repeat customers.
Significant Assets. The Company has purchased roughly 4-6 months of inventory ($250K) in advance to mitigate the impact of price increases experienced in the industry. The sale includes approximately $174K of vehicles and $29K of equipment to support the business going forward. The facility is available separately from the business for $3.4M.
Represented by Brian Williams. Tell me more about this business.
Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.
Interior Design, Staging And Remodeling Company 2801
SOLD!
Details
| Asking Price: |
$600,000 |
| Annual Sales: |
$1,050,000 |
| Cash Flow: |
$200,000 |
| Inventory: | |
| FF&E: | TBD |
| Real Estate: | N/A |
| Employees: | 5 FT 1 PT |
| Location: | Front Range |
| Reason For Sale: | Retirement |
Business Description
This well-established firm specializes in interior design, staging and remodeling services for both residential and commercial spaces. Sales of home décor, accessories, and furniture to clientele for which they provide services are a seamless addition and compliment revenue streams. A strong basis of repeat clients including realtors, contractors, and homeowners, also provide steady referrals resulting in minimal advertising efforts by the seller. The immediate service area encompasses a large and growing population of broad demographics, including high-net-worth owners of luxury residential and commercial properties. The company’s geographical reach is much larger with clients and projects throughout the country, for which they have developed systems for working remotely.
The company is fully staffed for current work volume with capacity to expand. All employees have been well trained by the seller to operate autonomously in management of their own projects, clients, and design work with very little oversight. Incentives are in place for employees to generate additional client leads and product sales.
The diverse services, product offerings and reputation of this company have positioned it well for growth in various directions. An owner-operator could expand on current services as they desire, or the company could serve as a great “bolt-on” to an existing construction or real estate business by a strategic buyer.
The seller is ready to retire and looking forward to their next venture. A hand-off period will be provided, and an extended role may be considered by seller.
FF&E includes product samples, furnishings for staging, office furniture and equipment. The office space is not being offered as part of the sale and the business will need to be relocated within an agreed upon timeframe.
Represented by Tre Scott. Tell me more about this business.
Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.
Recycling Business With Proven Operations #7022
SOLD!
Details
| Asking Price: |
$565,000 |
| Annual Sales: |
$2,000,000 |
| Cash Flow: |
$195,000 |
| Inventory (Not Included): | N/A |
| FF&E: | $60,000 |
| Real Estate (Not Included): | $1,200,000 |
| Employees: | 2 FT Owners 4 FT / 3 PT |
| Location: | Greater Denver Metro |
| Reason For Sale: | Retirement |
Business Description
This recycling business has been in operation for decades. They have a loyal customer base and proven processes. Their convenient location has no competition in the surrounding area. They offer a broad set of recycling services. The infrastructure is in place with expansion opportunities identified.
Real estate available for purchase separately.
Represented by Gary Curran. Tell me more about this business.