Location: Boulder Area
Industry: Other Building and Construction
Listing ID: 151741
Our seller client, a local Boulder builder for twenty years, has in recent years combined two unique entities into one overall operation. He is now offering both to be sold together in one transaction. One company is a contractor. The other is a related service firm.
The construction entity is a full-service construction, green building, remodel, design/build, and renovation company. They are currently licensed to build and work in Boulder County and in the cities of Boulder, Longmont, Lafayette, Nederland, Louisville, and Estes Park – an area across the foothills and front range of Colorado that continues to expand rapidly.
Remodeling work using green building techniques is their primary offering and revenue stream, in direct response to the surrounding area’s high demand for environmental building solutions and new building projects within the Boulder area.
The company is also known around the community for its passion and expertise for off-grid and out-of-the-box artistic buildings which are sculptural in form and one-of-a-kind in design. This combined expertise gives it the ability to take on a variety of projects, eliminating the need to turn projects away if they don’t fit within certain design parameters.
A few years ago, our seller client bought the service firm, which itself had 28 years of history in Boulder. It also, brilliantly, provided a new “foot in the door” for his construction business. This service firm is unique enough that revealing its identity will be offered only to qualified buyer prospects.
Together, these two businesses, operating seamlessly together, offer home and property owners around Boulder County a “one-stop shop” for all their home repair and maintenance needs all the way through to restoration and renovations. The services of these two very synergistic companies could also be extended out to the many growing areas along the Front Range, and especially into the Denver suburbs to the south.
The seller’s presence in, and navigational skills around, both the local builders’ landscape and bureaucracies, offer a prospective new owner of his companies an invaluable line of entry into this very unique set of niche markets.
These two companies have built local relationships with sub-contractors, other local builders, county and city regulators and inspectors and have strategic partnerships with one county program, one local business, and one prominent area non-profit. Along with strong word-of-mouth referrals, these are its primary sources for prospective clients, but the companies also employ both traditional and modern marketing tactics.
Together, the combined sales and cash flow figures are used in this ad and offered for one price, with seller and bank financing a possibility. We anticipate the need for a buyer to have approximately $120,000 cash available for a down payment and an additional amount for working capital. To qualify for seller and bank financing will also require that the buyer be an experienced general contractor with substantial net worth.
Total Sales: $1,300,000
Cash Flow: $235,000
FFE: $40,000 (Included in Price)
Inventory: $5,000 (Included in Price)
Reason For Sale:
Seller is starting another business
Training & Support:
Seller will train new owner as needed
Year Established: 1997
Business is currently operated out of the owner’s home. It would be ideal to establish an office for this business. It has grown to that level.
This company has always had many competitors. But, these two companies have built local relationships with sub-contractors, other local builders, county and city regulators and inspectors. They also have strategic partnerships with one key Boulder County program, one local business, and one prominent area non-profit. Along with strong word-of-mouth referrals, these are its primary sources for prospective clients, but the companies also employ both traditional and modern marketing tactics.
For the combined businesses, a simple growth opportunity exists with the addition of scale and bandwidth to fuel their ability to fully meet the increasing demand for services. The Denver/Boulder market is thriving. It is one of the best places to live in the United States. The average population age is 37. The average home in the City of Boulder is selling for almost $1,000,000. In Boulder County, it’s over $650,000. This offers a great market for these companies.
$175,000, 6.5%, 5 Yrs. with possible $300,000, 10-Yr. SBA/Bank Loan.