The company, located in Colorado, is a well-established, 30-year operation that is currently up for sale to qualified buyers exclusively through Raincatcher. The company is focused on two seasonal industries. During the winter months, it is a snow removal company and during the warmer months, it provides dirt excavation services to contractors, builders, property management companies, and homeowner associations (HOAs) in the area.
The company is the go-to snow removal company for an entire county in the Colorado ski country and has a long history of providing high-quality work and excellent customer service. While there are competing businesses, the company has more equipment and an experienced team of employees. It handles many of the big jobs that smaller operations do not have the capacity for.
In fact, the company maintains approximately 50% of the market share for snow removal in the area with half of its winter work coming from ongoing contracts. Snow removal generates approximately one-third of the company’s revenues. According to an industry report, the snow removal industry is a $19 billion industry that has demonstrated a growth rate of 2.4% over the last five years.
The remaining two-thirds comes from its excavation business. The Company is one of the largest excavation company in the area and captures approximately 25% of the market share. There is so much growth and expansion in the area that the Company could grow even larger. The current owner sometimes turns away business because there is more than the company currently has the capacity to take on.
The excavation industry is a $59 billion-dollar industry. It has benefitted immensely from the recent growth in both the housing and nonresidential building markets and has demonstrated a steady increase of 5% from 2012 to 2017.
The company provides a great opportunity to purchase a well-established company with a solid customer base.
• Year-round cash flow from two seasonal industries.
• Potential to grow and expand the company as housing in the area continues to grow.
• Opportunity for strong margins.
• Business includes heavy machinery assets with consistent maintenance
• Opportunity to own unique real estate to operate the business
The company is wholly owned by its operator, who plans to exit the industry following the transaction. The asking price is $1,950,000 for the business and $1,550,000 for the real estate for a Total Consideration of $3,500,000.00