Location: Central Mountains, CO (Relocatable)
Industry: Other Service Business
Listing ID: 731742
High-growth & recession-proof as road repair needs escalate!
This is a one-of-a-kind traffic flow, control and safety services company actively working in the Dillon/Silverthorne to Grand Junction markets, just north and south of I-70. The business can be run remotely from Grand Junction or Denver, or anywhere in between. Because there are so few competitors, there is a great opportunity here. Further details of the business will be revealed, however, only to those buyer prospects who are screened by the broker.
Most “flagging” jobs are along Colorado’s state and federal highway systems. There are also smaller individual firms that specialize in county and municipal roadways. This firm for sale is one of those types of firms. Most, but not all, of their work is for road construction. Occasionally, they handle public event crowd control.
This firm offers detailed, computerized traffic control plans to public and private entities, mostly as a sub-contractor to construction companies doing the primary work. It supplies the planning concept, labor and special equipment needed to carry out each assignment. The company has a storage lot for equipment, but no formal office. The two owners operate mostly out of their personal vehicles. They lease employee-owned vehicles as a way to supplement their fleet.
This firm has just two principals working full-time and a small crew usually working seasonally. The period from November through March each year is slow, so an owner can have a seasonal business unless more work in the warmer western Colorado areas that don’t get snow is desired. Current owners mostly take that season off, but there is plenty of business for a new owner who wants to work for a full 12 months.
One owner is selling to retire after 20+ years in the business. The other owner is not ready to retire and will sign-on for a new owner as a long-term key employee going forward. The owner who will stay with the business as an employee is not, however, looking to be a partner with a new owner. This offer is for a 100% interest in the company.
A complete Offering Summary description of the opportunity and complete financials for this business is available to qualified, registered buyer prospects through the broker.
Total Sales: $850,000
Cash Flow: $220,000
FFE: $100,000 (Included in Price)
Terms and Conditions?:
$125,000, 6.5%, 5 yrs.
Reason For Sale:
One of two owners is retiring. One not retiring willing to work for a new owner.
Training & Support:
Owners will train as needed.
Year Established: 2009
Home-based business, no office building
There are few competitors, but each is most likely well-entrenched. Relationships with other contractors tend to last a long time. The current high-demand for this service should continue until the U.S. catches up with its road infrastructure problems. The labor market is tight, which gives the advantage to anyone who is a good at retaining employees.
The growth history of this particular firm was 50% between 2014 and 2016. This was too much for these owners. They now turn down jobs.
Seller Financing Possible: $125,000, 6.5%, 5 yrs.