Listing ID: 76703
This full service surveying business, anchored in Western Colorado for over 20 years is for sale. The company enjoys a great reputation and has been in business since 2000. The core services provided include development plats, construction staking, road construction work, and boundary surveys. The company utilizes the latest surveying equipment available.
- Asking Price: $700,000
- Cash Flow: $200,000
- Gross Revenue: $650,000
- EBITDA: $200,000
- FF&E: $150,000
- Inventory: $2,000
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,950
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
This company occupies 1950 sq ft of space which includes offices, meeting rooms, storage, and a waiting room. The Business Office is open 8:am-5:pm, Monday through Friday.
Seller will train new owner as necessary to provide a smooth transition.
In the growing housing and business markets of Western Colorado, there are other companies available. However, with a 20+ year old tenure, plus well established relationships with construction companies, property owners, developers, and the Colorado Department of Transportation (C-Dot), this business has earned a top rating and loyal clientele. The business uses top-tier surveying equipment in all operations.
With a new owner adding more employees, especially field crews; this would assist the company in expanding to nearby and distant communities, generating higher revenue.
The business was established in 2000, making the business 22 years old.
The deal shall not include inventory valued at $2,000*, which ins't included in the listing price.
The company has 4 employees and is located in a building with approx. square footage of 1,950 sq ft.
The building is leased by the business for $1,850 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. However, the real reason and the one they tell you may be 2 absolutely different things. As an example, they might claim "I have a lot of other commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competitors, recent decrease in profits, or a variety of other reasons. This is why it is extremely essential that you not depend completely on a seller's word, however rather, utilize the seller's answer combined with your total due diligence. This will paint a much more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover things like supplies, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have to be met or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new consumers? Many times, businesses have repeat clients, which develop the core of their everyday revenues. Particular aspects such as new competitors sprouting up around the location, roadway building and construction, and staff turnover can impact repeat clients and also adversely affect future profits. One vital thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business often, the better the opportunity to develop a returning consumer base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood typical house earnings impact future revenue potential?