Sold Businesses2019-02-15T15:55:04-07:00

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Sold Businesses

Manufactured Wood Products In Rocky Mountains #1483

SOLD!

Details

Manufactured Wood Products

Asking Price:
$6,995,000
Annual Sales:
$6,100,000
Cash Flow:
$1,400,000
Inventory: $200,000
FF&E: $1,300,000
Real Estate: $3,130,000*
Employees: 1 FT Owner
29 Employees
Location: Rocky Mountains
Reason For Sale: Other Business Interests
  * Not Included

 

Business Description

Seller seeks an Acquirer to support continued growth through heightened management and operational expertise. Generating 20% CAGR since 2015, recent years range 13% – 35% in YOY performance. This business excels in the sales, design, engineering, and manufacturing of highly crafted wood products.

Located in the Rocky Mountain Region, they have an excellent performance record, and are well established in their market. 2019 is growing, surpassing 2018’s revenues in October! This company has project commitments of $6MM through August, 2020. Their product-group includes a range of applications for residential and business projects.

The sale includes over $1.5M in specialized manufacturing equipment and vehicles, along with design, engineering, and office systems. The business has an excellent employee team, deep in knowledge and experience, and well compensated in their industry.

This Company is highly rated with excellent client reviews, annual awards, and a strong referral network. Their products are price-competitive with comparable market quality and features, offering advantages over national competitors. Poised for continued growth, the Company seeks capital and management resources to support broader regional opportunities.

Facilities are regularly improved and optimized for project flow: Raw Material Storage, Design & Fabrication, Finish & Assembly. Room for further expansion on-site. Recent Appraisal values Facilities at $3,130,000. Real Estate Acquisition required in conjunction with the Business Acquisition.

Company has a defensible position in the regional market, along with capability and capacity for continued growth. Competition is fragmented. Company has opportunities to accelerate their growth over recent 20% CAGR. Company is well positioned for growth. No near-term material investment or capitalization required. Currently operating below capacity, with strong demand for their products an services.

Seller will provide Training/Consulting and participate in Post-Closing Management Role if desired. Talented Design and Fabrication Employee Team in Business to manage daily responsibilities. Seller may participate in Sale Structure.

This is a Unique Manufacturing Opportunity with Excellent Earning and Revenue Performance!

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.

Niche Service – Required by Law – High Profit Margin #1859

SOLD!

COVID-19 Status – Very little impact. Recession-proof commercial work. Social distancing required.

Details

high profit niche service business for sale

Asking Price:
$550,000
Annual Sales:
$845,000
SDE:
$248,000
Inventory: N/A
FF&E: N/A
Real Estate: Home-Based
Employees: 1 FT Owner
2 FT
Location: Montana
Reason For Sale: Retirement

 

Business Description

Western Montana – it can be relocated to any city in Western Montana.

23 year-old company provides a very unique niche service that has high barrier-to-entry. Certain commercial building owners are required to perform annual maintenance and they must have a service contract in place. The exact nature of the business will be disclosed after a Non-Disclosure Agreement (NDA) has been signed by potential buyer, so as to keep the company name confidential. There are very few companies in the area that provide this service, so it would be too easy to determine who they are.

Approximately 50% of revenue is generated from recurring commercial contracts and the balance is derived from the residential market. The residential market is mostly very high-end custom homes, which tend to be recession proof.

The ideal Buyer would be a project manager capable of communicating with clients as to dates for service and installations. A person with marketing background would be able to grow the business further. The staff is well-trained and has been taking on more responsibilities from the owner, such as ordering materials and scheduling jobs, in order to enable a smooth transition. The Seller is very excited to stay on long-term in a sales role, which would ensure customer retention and would enable more growth of the business – he does not want to manage projects or schedule crews.

In addition to very high profit margins, the company charges a deposit for new work which covers all of the materials and most of the labor – so cash-flow and working capital is not a high concern.

This is a great family business and an incredible career for a young person to enter. A mechanical and electrical aptitude is quite helpful for technicians but not required for the business owner.

The residential side of the business is very rewarding. It is not uncommon to build relationships with the clients that use this service. Many clients are famous celebrities that own vacation homes in the area. You will get to work in multi-million-dollar homes.

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.

Highly Profitable Landscape Design-Build Company #1616

SOLD!

COVID-19 Status – The Company is fully booked through the end of the season.

Details

highly profitable landscape design-build company for sale

Asking Price:
$1,450,000
Annual Sales:
$3,389,155
Cash Flow:
$811,808
Inventory: $28,500*
FF&E: $267,380
Real Estate: N/A
Employees: 1 FT
22 FT / Seasonal
Location: Northern Front Range
Reason For Sale: Other Business Interests
  *Not Included

 

Business Description

Highly profitable design-build landscape firm servicing the Northern Front Range of Colorado. This Company provides design-build services to high-end residential clients. The Company also works with outside designers, as well as in the production housing market.

A diverse client base and low overhead have allowed the Company to achieve profit margins well above industry averages. Seller will provide generous purchaser training as well as after-sale consultation, if desired.

There is a strong Company culture that values the employees as family and the customers as friends. It is the strength of these relationships that propels the Company to success. Satisfied customers become advocates for the Company and are the strongest referral source of new work. The employees are engaged and invested knowing that they are part of a team that values their contributions and believes in work/life balance.

Strong and experienced management team in place. The Company has many employees who have been a part of the team for 10 years or more.

SBA financing is available for this business.

Represented by Phil Loughman and 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.
By |September 23rd, 2020|Categories: Sold Businesses|Tags: , , , , , , |0 Comments

Colorado B2B Glass Contractor-Installer – Serves Commercial And Production Residential #1716

SOLD!

COVID-19 Status – Colorado Essential Business is fully operational.

Details

Colorado B2B Glass Contractor

Asking Price:
$2,240,000
Annual Sales:
$4,500,000
Cash Flow:
$900,000
Inventory: $25,000
FF&E: $225,000
Real Estate: Lease
Employees: 1 FT Owner
23 FT
Location: Metro Front Range, CO
Reason For Sale: Retirement

 

Business Description

ACT FAST! This rock solid business serves the new construction industry. As a COVID-19 Essential Business, it is fully operational with plenty of go-forward work and scheduled revenue on the books.

Buyers who move quickly can take advantage of current SBA policy that will forgive the first 6 months of loan payments! Multiple SBA lenders are ready to support qualified buyers, and rates will likely come in at historical lows, between 5 and 6%!

SDE has averaged 21% of revenues for the past 3 years!

This highly profitable, diversified supplier to both residential production and commercial project builders presents an excellent opportunity, especially for an owner-operator with “blue collar” industry and management experience.

While the current owner has been engaged in building this business to its current level, he is ready to retire. A supportive transition program can be developed if desired.

Opportunities to grow the business further include expanding the services offered, focusing on increased sales and marketing efforts (there are currently none!), and scaling operational capabilities through improved project scheduling and management.

Don’t delay, buyers only have until September 27, 2020 to close and capture the expected $100K+ in SBA loan forgiveness!

Represented by Don Hobbs. 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.

Highly Profitable, Metal Services Provider To Manufacturers #2211

SOLD!

COVID-19 Status – The Company is currently open and operating at full capacity.

Details

metal services for manufacturers

Asking Price:
$999,000
Annual Sales:
$580,611
Cash Flow:
$379,245
Inventory: N/A
FF&E: $70,000
Real Estate: $500,000*
(*Not Included)
Employees: 1 FT Owner
2 FT
Location: Front Range of Colorado
Reason For Sale: Retirement

 

Business Description

Company is a leading provider of metal services to the Colorado manufacturing industry. Their broad range of capabilities allows the company to maintain a fast turnaround on orders, as well as to pick and choose which projects to take on.

The company is growing, fueled by a reputation for quality and timely delivery. This reputation keeps production busy with no marketing investment. There is capacity to grow the business without large capital investment simply by adding additional product shifts. The company has focused on high margin accounts and this is reflected in the 45% net income which is more than twice the national average of 19%.

The company operates from a 5,600 sq. ft. facility, which is also for sale separately. The space is divided 70/30 into production and office space. There is ample parking for employees and clients.

Represented by Dave Harris. 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.

Commercial Electric Contractor: Solid Staff & Repeat Clients #1860

SOLD!

Details

commercial electrical contractor

Asking Price:
$600,000
Annual Sales:
$3,200,000
SDE:
$253,000
Inventory: Included
FF&E: $136,000
Real Estate: Lease
Employees: 1 FT Owner
21 FT
Location: Denver
Reason For Sale: Retirement

 

Business Description

Major Highlights:
– Steady Revenues Year over Year (no major swings)
– 100% Commercial Work from repeat clientele
– COVID-19 has not impacted the work – most jobs do not involve tight working quarters or exposure to the public
– Projects are expected to continue for a long time
– All work is around the Denver area requiring very limited travel and no overnight
– Open Shop (not a union shop) fully staffed with team members that fit the company culture
– The General Manager uses his Masters License for DORA Contractor’s License, can perform most work done now by Owner and will stay with new owner
– Buyer does NOT need technical skills or certification
– Addbacks are very low for this business (mostly owner wages)
– SDE was over $300K in 2018. SDE reflects last year and fair expectation of future.

Company now rents a commercial facility with office space for a few people and room for light storage of equipment and supplies. Employees and Customers do not need to visit the shop, so it can be moved anywhere in the Denver metropolitan area without impact on the business. The Landlord is very flexible and will provide a short-term or long-term lease if desired. This business is also ideal for a home office, which would increase the net profits.

Construction is booming on the Front Range, but finding quality employees has been difficult. This Company has elected to minimize growth in favor of finding good team members and delivering quality projects on-time. This assures that that clients will continue to show loyalty. Company does have access to quality contract labor, if required.

A concerted effort towards finding more employees that fit the culture and quality expectations will be rewarded with growth in revenues and profits. There is plenty of work out there, but it’s not worth taking at the risk of low profits or poor quality.

Owner will train in business operations over first 2 months and will stay up to 2 years with fair compensation. The General Manager knows business is for sale and will stay with business long-term. The General Manager does have Masters License, so the Buyer does not need this credential. The Ideal Buyer should have good financial and management skills – technical skills in the trade are not needed.

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.

Colorado Mountain Ski Resort Liquor Store #1489

SOLD!

Details

colorado mountain resort liquor store for sale

Asking Price:
$1,899,000
Annual Sales:
$3,958,500
Cash Flow:
$453,160
Inventory: $400,000*
FF&E: $100,000
Real Estate: Lease
Employees: 1 PT Owner
8 Employees
Location: Breckenridge
Reason For Sale: Retirement
  * Not Included

 

Business Description

This business rewards your love for specialty beer, wine, and spirits in the unique setting of a World-Class Winter ski market and Summer cycling, golf & hiking scene! Few careers offer this fulfillment and opportunity – supporting a clientele in a prominent resort-recreation market with high tourism, active locals, and luxury second-home owners! Business has a very unique position and high market-share within this resort environment. Benefit from an expertly curated product mix with business metrics at the top of the industry, and excellent financial & operational systems.

The Lease was recently renewed to 2028 PLUS Options to renew for another 5 years and more! Business has an excellent location with high visibility, plentiful parking, and very well maintained/improved infrastructure! This is a great business with vibrant community engagement and dynamic marketing tools. Strong employee team allows owner to have freedom, while enjoying an active role! Regional resort market continues to experience growth in Winter and Summer seasons.

The commercial center has excellent anchor neighbors. Business is well positioned for growth through marketing, events, and further refining their specialty product mix. Employees and computerized operations support day-to-day controls. Local economy and businesses are performing well in 2019-2020 with Strong and Consistent performance. This market is supported by robust international and domestic traffic. Local area generates more skier-days than the State of Utah or Vermont! Qualified Buyer brings 90-100% – SBA and Seller may assist with financing.

Excellent opportunity with a well-positioned business in a World-Class Resort community!

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 Retail – Family Friendly in CO Mountain Resort – Amazon Proof! #1485

SOLD!

Details

Specialty Mountain Retail For Sale

Asking Price:
$395,000
Annual Sales:
$1,050,000
SDE:
$190,000
Inventory: $100,000
FF&E: $50,000
Real Estate: N/A
Employees: 3-6 Employees
Location: Breckenridge
Reason For Sale: Retirement

 

Business Description

This Specialty Retail Business rewards your enthusiasm for the Rocky Mountain lifestyle with a business surrounded by top of industry products! Family friendly – They’ve earned an excellent position within a strong national and international destination market, are well-branded, and are recognized as a top industry performer.

Excellent product mix includes high-turn inventory with top of industry margins! Business has a strong history and metrics at the top of their peers! Includes computerized inventory/sales systems, professional/CPA prepared financials. The Lease is active to 2024 with Option to Extend. Employee team is well-trained with extensive industry experience.

This is a great business for a strategic-buyer or owner-operator with opportunities to grow through introduction of new products and promotions or expansion of retail space! Inventory levels are managed efficiently – generating top of industry Gross Profit, Inventory-Turns, and Earnings Productivity!

This retailer serves local residents and seasonal tourism. Business has an excellent lease and location with high visibility and plentiful parking. Professional operational and financial software tools in place. Market and business are performing well in 2019, continuing recent years’ performance. Display and technology assets are current and well maintained. Qualified Buyer brings 25-100% of acquisition; SBA and Seller may assist with financing. Owner will assist in training/familiarization, and transition of vendor and customer relationships.

This business has a strong history! Excellent platform for continued growth!

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By |September 15th, 2020|Categories: Sold Businesses|Tags: , , , , , , , , , , |Comments Off on Specialty Retail – Family Friendly in CO Mountain Resort – Amazon Proof! #1485

Automotive Tire & Service – Excellent Growth + Profitability #1486

SOLD!

Details

automotive tire and service business for sale with excellent growth and profitability for sale

Asking Price:
$1,495,000
Annual Sales:
$2,350,000
SDE:
$425,000
Inventory: $100,000
FF&E: $200,000
Real Estate: N/A
Employees: 8 Employees
Location: Eagle County
Reason For Sale: Retirement

 

Business Description

This Tire Retail & Auto Service Center is independently owned, not a franchise. Extensive history in this Northern CO Mountain Market, including long-standing employees and market presence. Business has an excellent location with high visibility, easy access, and ample parking. The facility is situated on a high traffic thoroughfare in a market that sees millions of annual visitors. It is a popular drive-in market for regional and national visitors, with high traffic in Summer and Winter seasons.

The business has an excellent vendor mix, including the best products in the industry. This high-volume business earns the industry’s best margins. Business has a strong employee team in mechanical and customer services. Seller to assist Buyer in learning business practices, vendor management, and industry tactics. Looking for a buyer experienced in employee, brand, and business management.

Local market is growing with additional growth expected through changes in state-wide winter-driving tire legislation. Excellent employees and documented business practices make this business sale-ready. Industry experience not required!

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By |September 1st, 2020|Categories: Sold Businesses|Tags: , , , , , , , , , , , , , , , |Comments Off on Automotive Tire & Service – Excellent Growth + Profitability #1486

Wild Game Processing – Long Term Stable Staff #1861

SOLD!

COVID-19 Status – Pandemic-Proof & Recession-Proof Service.

Details

wild game processing business for sale

Asking Price:
$200,000
Annual Sales:
$258,000
SDE:
$158,000
Inventory: N/A
FF&E: $20,000
Real Estate: Lease
Employees: 1 Seasonal FT Owner
7 Seasonal FT
Location: Denver Metro
Reason For Sale: Retirement

 

Business Description

44 Year-Old Company.
Dependable revenues and profits year over year.
Average employee has been with company over 20 years.
Owner does work full-time during the season but does not cut meat – he manages all the office processes, checks in customers, and schedules the staff.
Company processes wild game for hunters (Deer, Elk, Antelope, Bison, Moose).
It also processes exotic wild game and farm animals.
Company provides cut steaks, smoked and cooked sausages, and jerkies.
Business runs September through February.
Who knows what the meat supply will be like for the next few years? Sporadic supply and distribution channels and shut-downs at large production facilities may continue to cause shortages. Hunting has been strong in Colorado for decades but most hunters do not want to process their own game.
This business has many years of repeat clients – their reputation is stellar.
The best part of this business is the staff. Many of the employees have been with the company for over 25 years and plan on returning every year. They enjoy working together and can help bring in new employees when needed.
This would be an ideal business for someone who wants to take summers off or has another venture that is busy in the summer and light in the winter (like some construction businesses). This is a great family business.

The company does not advertise or market to attract new clients. A modest investment in marketing could grow the business beyond the current capacity. The business can double in size without needing more equipment or space, but it would need more staff to handle the workload. The Seller has decided years ago that he enjoys the business at the current size.

Working capital needs are very low – customers pay cash at time of delivery and the cost of materials is basically zero.

The facility can be rented long-term.

A down payment of $40,000 (20%) can come from a retirement account. A 10-year, $160,000 SBA loan at 6% interest would have monthly payments under $1800/month (or $21,600/year). This leaves approximately $100,000/year for the owner’s wages.

The Seller does not wish to carry a note because of retirement plans, but will accept an escrow set aside through the first season to ensure that he will train and support the buyer. He will provide one full month of training at the beginning of the season as part of the purchase price.

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.
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