44 Yr Old Industrial Electro-Mechanical Equipment Repair, Sales and Service Co-No CO Front Range
The 2018 Earnings were 284K from revenues of 1.73M. Their accountant switched their accounting from accrual to cash for 2018. This resulted in an add back related to this that the CPA can explain and is part of the summary of taxation attachment above. This means that the sales price of 650K is only 2 1/4 X the Earnings. This company has a steady net profit of 15% and most of their work comes from repairing and selling water pumps which is mostly recession proof business.
He also has 10 loyal employees including a long term manager. This is the normal amount of employees and he is currently looking to add an 11th employee to continue growing. You must submit the non disclosure form in the blue link in the first paragraph to receive the detailed sales package with includes a video interview of the owner and walk thru of the business. He states that this business can grow to 3M in revenues by focusing sales efforts on current industries and by adding a couple of qualified employees.
The business has a lot of fully functional equipment and assets currently worth approximately 230K.
This is a tremendous opportunity with over 90% of revenue coming from current customers. That is a lot of recurring revenue coming from well diversified long-term client relationships. A buyer will get a business that has both work in progress and work waiting to be done. In other words, for the right technically oriented buyer, this business will not change the day of the closing. This company’s revenues consistently come from long-term industrial and municipal clients that pay in a timely manner.
Location: Located in the Northern half of the Front Range, CO