Colorado Springs, CO (El Paso County)
Seller Financing Available
Asking Price:$1,450,000
Cash Flow:$712,553
Gross Revenue:$944,783
EBITDA:N/A
FF&E:$195,000
Inventory:N/A
Real Estate:$636,000*
Established:1992
*not included in asking price.
Business Description
This is a local family-owned, very high-margin concrete pumping and concrete forms transportation services company. They provide heavy-duty mobile pumping and heavy-duty mobile crane service to customers in the El Paso County area of Colorado. This is a two-tiered business. The concrete pumping business was started in 1992. In 2005, the owners started the forms transportation segment and both have continued with the same owners. The company has been profitable every year except one. Their customer base is primarily local with a very high percentage of their business is from repeat customers. The owners are owner-operators and will sign a non-compete agreement with the new owner. They will train the new owner regarding the operations of the company. The owners are planning on retiring. There are four employees. The company operates as an S-Corporation.
The real estate is owned by the sellers and is for sale as well. A recent appraisal pegged the value of the 2500 square foot building and one acre of industrial-zoned land at $636,000.00. The property can be divided into two 1/2 acre lots. The one acre of land alone was valued at well over $200,000.00.
Detailed Information
Location: Colorado Springs, CO
Inventory: Included in asking price
Real Estate: OwnedNot included in asking price
Building SF: 2,500
Employees: 4
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 2500 square-foot steel building with high doors. It sits on a one-acre tract of land which is zoned industrial.
Competition: This is an extremely high-margin operation at approximately 75% including owner’-operator’s salaries and bonuses.
Growth & Expansion: Growth and expansion are unlimited as the current owners do no marketing to attract new business. What business they receive is by word of mouth.
Support & Training: 30 days but will be available for more in-depth training
Reason for Selling: Retirement