Broker Name:Andrew Spickert
Broker Email:andrews@touchstonebiz.com
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Garage Door Service, Repair & Installation
(Other Service Businesses, Other Building and Construction)
Silt, Colorado
Listed Price: $ 120,000
Listing ID: 201930

Listing DetailsGross Revenue: $ 336,000
Cash Flow: $ 45,000
FFE: $ 50,000 (Included in Price)
Real Estate: $ 425,000
Inventory: $ 12,000 (Included in Price)
Reason for Sale:

Health, Retirement


Training & Support:

Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.


Listing SummaryBusiness Description:

This is a business offering installation, service, and repairs of automatic garage doors in the Roaring Fork Valley and I-70 mountain corridor of Colorado, from Aspen to Vail and Rifle. The company provides services for both residential and commercial, with a focus on residential. For over 21 years, homeowners and contractors have come to rely on their services. The company has built a stellar reputation based on knowledgeable, friendly customer service, quality workmanship, and the ability to fix most customer’s issues quickly and for a fair price. They can install almost every make and model of garage doors and repair any component on the garage door and opener such as, cables, rollers, springs, etc. They also offer garage maintenance services and tune-ups. Included in the asking price: inventory of $12,000 and equipment/vehicles of $50,000. The business is located on acreage with a house, shop, warehouse and office space.  The business alone (asking price $99,000) may be relocated or purchased with a lease or purchase of the real estate.  Asking price for the real estate, separate from the business, is $425,000.  Seller financing considered.


Competition:

A few other installers on the Western Slope. Others don't offer the same quality products and excellent service as this company.  Consumers have increased spending and investing in their homes, including upgrades to their garage doors. The next five years are to be promising, as number of housing starts increasing, demand from commercial building construction and demand for remodeling are all forecast to be on the rise.


Potential Growth:

For the last several years, the owner has just maintained the business due to health issues, thus keeping to a pace that he can manage, along with two other part-time employees. An ambitious buyer can leverage the great reputation to expand by hiring additional service technicians, marketing to homeowners, builders and commercial contractors, and/or increasing the brands that can be serviced.


Financing/Terms:

The Seller will entertain offers of varying financial and legal structures.


LocationFacilities:

This is a home-based business.  Seller owns real estate with house, shop, warehouse and office space, which can be leased or purchased.  Business may also be moved to you own rented office/warehouse space or existing business.


OperationYear Established: 1998
Employees: 3
Absentee Owner: No