Sold Businesses2020-12-19T09:10:11-07:00

Sold Businesses

Solar And Electrical Contractor – Licensed Managers In Place #1864

SOLD!

Details

Solar And Electrical Contractor For Sale

Asking Price:
$1,100,000
Annual Sales:
$1,200,000
SDE:
$400,000
Inventory: N/A
FF&E: $55,000
Real Estate: Lease
Employees: 1 Owner
7 FT
Location: Colorado
Reason For Sale: Retirement

 

Business Description

Northern Colorado Firm provides BOTH general electrical installation and solar installations for very high-end, new custom homes and remodels (from rough-in through final trim). While a Master Electrician’s License is required, the company has at least two employees that will use their license. The company is fully staffed for the current volume of work and is expanding staff for growth. A Key Manager is aware of the sale and will stay long-term; he can perform virtually all of the Seller’s duties.

The Buyer does not need technical expertise but should bring strategic management skills as there are many directions the business can be directed for growth if desired. This company is self-sustaining and could be managed remotely or bolted onto a larger organization.

Sales have been strong and growing year-over-year. Gross Margins remain quite high. The local builders are very loyal and not swayed easily to competition from out of the area or from local competitors that don’t perform all of these services.

Key Benefits:

  • Over $1MM in booked orders and more in the sales funnel
  • 50% of revenue is from Solar and 50% is from General Electrical services
  • Both services can be grown without expanding beyond the current territory
  • High Profit Margin
  • High Barrier to Entry – which keeps competition low
  • Scalable – can expand to other cities
  • Growth Potential – products secured to expand sales within territory

SBA Financeable: the company has multiple sources for a licensed manager who is needed to obtain state contractor’s license.

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, Robust Family Medical Practice #2214

SOLD!

Details

Family Medical Practice For Sale

Asking Price:
$2,000,000
Annual Sales:
$1,995,000
Cash Flow:
$905,000
Inventory: Included
FF&E: Included
Real Estate: Lease
Employees: 1 FT Owner
10 FT
Location: Denver
Reason For Sale: Other Business Interests

 

Business Description

Do you enjoy going to work every day. Do you feel good about how you practice medicine?

This medical practice is a prosperous, well- known, and respected total family practice that has been flourishing in Denver, Colorado, for over 30 years. Imagine revenues of $2 million per year in your own private family medicine practice. No additional marketing necessary – the reputation of this practice, ZocDoc (online medical care booking service), along with its high Google-ranking and online reviews, keeps a steady flow of new patients streaming in.

A large and dividable space, electronic health record systems, five full-time providers, including both Physician Assistants (PAs) and Nurse Practitioners (NPs), and an exceptional support staff will help you transition into this new opportunity. Increase hours or add more staff in your 4,300 square-foot space and you have the opportunity to create even more abundance to an already prosperous practice. Whether you are a physician who is just finishing residency training, or one who is becoming disgruntled with the impersonal and over- controlling physician-as-employee system, this practice is proof that the private practice setting is still alive, well, and in demand by patients.

The Setting: The community of Denver, which is the capital of Colorado, is an American metropolis dating to the Old West era. Denver is a cultural city with the second most highly educated population in America. Denver is also a jumping-off point for ski resorts and outdoor recreation in the nearby Rocky Mountains.

Step into this rare, once-in-a-lifetime, turn-key opportunity to run the practice of your dreams. Call or email us today, explore the opportunity, and be thriving within a couple of short months.

This is a physician-owned practice. Buyer much be licensed to practice medicine in Colorado.

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.
By |January 4th, 2021|Categories: Sold Businesses|Tags: , , , , , , , |0 Comments

Highly Profitable Ghostwriting Service – Relocatable #1910

SOLD!

Details

Profitable Ghostwriting Business For Sale - Relocatable

Asking Price:
$499,000
Annual Sales:
$487,579
Cash Flow:
$236,048
Inventory: N/A
FF&E: N/A
Real Estate: Lease
Employees: 1 Owner
12-14 PT Contractors
Location: Colorado
Reason For Sale: Retirement

 

Business Description

Prominent, highly regarded, book-length ghostwriting and editing service. Highly profitable with low overhead. National clients. Easily relocatable. Team is made up of published writers who are employed as contractors. There is a steady pipeline of new projects. The owner manages the business and the projects, but no longer writes. Buyer will possess strong project management skills; experience with professional writing is a plus. Strong sales thus far in 2020 with little impact from the pandemic.

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.

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.
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