Construction Archives - Business Brokerage Services, LLC

Asking Price: $49,995
Sales Revenue: $299,178
Cash Flow: $59,118

Business Description

WON’T LAST! For $50k, get $59k in cash flow with ABSENTEE OWNERSHIP.

For immediate sale: a plumbing business with 600-700 contacts and a high rate of repeat clientele. The seller currently operates the business almost entirely absentee from Michigan and takes home over $50,000.

The seller is willing to keep his license attached to the business for some time to help a new plumber-operator obtain their own plumbing contractor license.

This company has a great distribution of work, having experience in both residential and commercial. 50% of the work is residential, 25% is commercial, and 25% is new construction and remodels. Great opportunity to grow the commercial pie with larger, more lucrative jobs.

The company benefits from the continuously increasing demand on the north side of Denver, capitalizing on places such as Erie, Frederick, Firestone, and Dacono. The I-25 corridor between Denver and Fort Collins continues to boom with construction and more affordable housing, creating a large plumbing demand that has frankly gone underserved. Huge opportunity to scale.

The key employee who performs all of the work is paid on a 50/50 “Net Revenue” split after the cost of parts – highly incentivized to stay with the transition.

Detailed Information

Location: Frederick, Colorado
Real Estate: Home Based
Employees: 1
Financing: Cash
Support & Training: Extensive virtual & phone support.
Reason for Selling: Moving out of state.

For more information, please click on ‘Sign NDA & Get Buyers Prospectus’ above. Once the NDA is signed and completed, you will receive confidential information related towards this business.

Contact Sebastian Gast | Authorized Broker

Sebastian spent over a decade working in the oil & gas industry before turning his focus to small business. He is a former real estate investor, current e-commerce entrepreneur, and the owner of Row House Edgewater, a boutique rowing-based fitness studio in Denver. He is passionate about helping business owners reach their financial and personal goals.

Business Brokerage Services, LLC

4.8

Based on 16 reviews

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Juan V Lopez

18:27 09 Apr 22

MJ helped me buy and sell a business in Denver within 4 years. He was great during both. Particularly during the sell of our business in 2022 – MJ was proficient in finding a buyer that I felt comfortable leaving our business to. We built a great business and it was important to me to leave it to smart, strong people.MJ was transparent with me throughout the process and always went above and beyond. He was fantastic throughout and helped set both sides up for success. Highly recommend his services if you are looking to purchase or sell a business in Colorado.

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Asking Price: $299,995
Sales Revenue: $809,118
Cash Flow: $140,475

Business Description

Available for sale is a general contractor that works all over the Denver area, fully staffed up, and with a reliable and loyal book of subcontractors.

This Class C General Contractor got its start through creating great relationships in the insurance industry and a focus on high-margin jobs. While this company specializes in residential construction, the company won’t even accept jobs with less than 30% gross profit margins, and takes on jobs with an average gross margin between 35% and 40%.

With an average revenue per job of $23,000 in 2020, this company has done a great job in winning profitable work all over the Denver area. They have about $1,176,000 of bids outstanding with 10-12 leads waiting to be scheduled for quote. A new buyer will walk into immediate revenue and a huge backlog of work, right on time to capitalize on the huge step change in growth already seen from 2020 to 2021.

This company continues to getting 2-3 job requests per week and they have a bid win rate of about 30-40% without having to compete for lowest price. When it comes to insurance claims, their bid win rate shoots up to 80% with the associated work having the benefit of being highly lucrative (i.e. high margin).

The company has all the critical roles already in place, including a full-time project manager with construction/handyman skills, two sales/estimator roles, and an administrative / back office manager.

This business is run efficiently, leveraging a CRM and other systems and processes that a potential buyer can step into quickly and continue to grow by driving more leads and bidding out more work.