SOLD – Chimney Sweep & Masonry Company Serving 5-County Area NW of Denver

Location: Boulder, Colorado and Surrounding Area

Industry: Property Management

Listing ID: 731741A

Listing Description

This diversified chimney sweep, service and masonry repair business is in a unique position to continue to grow rapidly. It has a long history of service (now, 32 years!) and relationships with many in the trade. The market it serves actually has more year-round demand than can now be handled by current companies. And, it’s still growing! Acquisition of this business would also be an ideal add-on for any general contractor.

The company has literally hundreds of repeat customers in a wealthy 5-county “Front Range” area. Payment terms are so favorable that little working capital is needed. The company’s market includes both urban and rural areas in Boulder, Broomfield, Clear Creek, Gilpin, Jefferson, Larimer and Summit counties. There is a strong and direct relationship with a local area stove sales retailer that also fuels the company’s lead generation efforts and referrals.

This company handles a variety of home repairs including chimney sweeping, masonry repair and restoration, wood and gas stove sales and installation, chimney and liner pipe sales, home inspection services for chimneys and roofs, minor roof repairs and sometimes additional handyman services while on a job.

The firm operates two crews with one foreman/owner. The seller is now the experienced and certified chimney sweep for the company and acts as the crew foreman for both crews. This is a hands-on business, not one for absentee investors. A new owner doesn’t need the chimney sweep certification, however, if they are willing to learn.

We anticipate the need for a buyer to have approximately $90,000 cash available for a down payment and an additional $5,000 or so for working capital.

Listing Details

Total Sales: $250,000

Cash Flow: $120,000

FFE: $25,000 (Included in Price)

Inventory: $5,000 (Included in Price)

Reason For Sale:

Seller is starting another unrelated business, but is available for training.

Training & Support:

Seller will train and assist new owner as needed.

Operation

Year Established: 1986

Employees: 5

Location

Facilities Information:

Business is currently operated out of the owner’s home. It would be ideal to establish an office for this business, unless the new owner’s home has enough storage for parts and supplies.

Summary

Competition:

This company has always had competitors, but most don’t have the skills, experience and important local connections of this firm. The company’s wealthy repeat customer base has grown considerably. Their referral network, too, has expanded to create a steady flow of leads.

Potential Growth:

The company is experiencing demand that is finally gaining significant momentum since the 2009-10 recession. This Front Range market is thriving. It is one of the best places to live in the United States. The average population age is 37. Demand for competent chimney and masonry repair services is much greater than the supply. It’s a boom market.

Financing/Terms:

Seller Financing Possible: $50,000, 6%, 5 years