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National Supplier of LED Lighting Products for Commercial, Retail and Government Clients located in Denver CO

Wholesale/DistributionFor Sale in CO

Listing ID: 32917 | Broker Listing ID: BLP654379

Financial & Assets Details

$454,000
$132,000
$30,000
$98,000
1334+/-

About the Business

2018
2
$2,019
Yes

Business Description

DENVER ENERGY EFFICIENT LIGHTING CO

National Supplier of LED Lighting products for commercial, retail, and government clients. The company provides lighting assessment, cost effective energy efficient solutions, rebate processing for retrofit and new construction, and have expert installers.

The earnings for the trailing 12 months from July 1, 2021, to June 30, 2022, were 132K from revenues of 454K. This company is being offered at 2.65 X their trailing 12-month earnings plus their cost of inventory. 2/3rds of their customers are repeat customers which provides a nice base of valuable recurring revenues. The new proposed Inflation Reduction Act which has been passed and has a 30% tax credit for most energy efficient products including lighting. This will be huge for the new owner.

This is a modern, proactive, energy saving, company started in 2018 in their current location. They have increased their earnings every year, increased their customer base, and increased the number of their subcontractors.

The business has been easy to grow and is scalable with low overhead because they act as a distributor/reseller. They emphasize quality with products carrying at least a 5-year warranty. Since energy efficient lighting is all that they do, they also carry products that most of their competitors don’t. For example: Solar pole lights, wet/hazardous location lights, dark sky lighting, and lighting with various types of “smart” controls.
The sales price is 350K plus their cost of for their inventory which is currently estimated to be around 95K. The sales price includes all FF & E which includes tools, POS system, small equipment, displays, racks, etc that she estimates is worth approximately 30K.

They have a 5 star Google Rating with 36 reviews and a 5 star Yelp Rating which will help with future marketing. The two active owners will assist with the transition and training.

Location: Denver, CO

Details:

The company sells but is not limited to energy related products from leading vendors/manufactures in the LED market place.
The company is currently owned by one owner who manages the business and works with one other worker at the business. She works 25 hours and he works 25 hours They also have independent contractors who are loyal and very skilled at installing the products that they sell and they're also customers.

Growth potential: They have no salespeople. The buyer could increase revenues by hiring salespeople, implementing an advertising, and marketing program, expanding their product lines into residential market. The new owner can greatly increase revenue stream by utilizing 2 additional means which the owners will share more with buyers.

The company has a great reputation with excellent customer service. They have a stellar worker’s safety history and has never had a legal issue.

The company has a lease in a large commercial building with plenty of parking. It has a large loading dock, and has room for growth. The lease rate is 2019 dollars per month triple net. Their lease is for 1334 square feet and is up in March 2023. The landlord has already expressed that he is open to a long term lease. Yearly increase in rent is around 100 dollars a month. The amount that they are paying is below market.

Sales Price: Asking: 350,000 plus inventory. They will keep their cash and AR/AP. The business will transfer debt free.

Please Call of Email for Information: The broker is available at any time to discuss your interest in this offering and can set up a meeting either in person or by phone with the owner(s).

Thank you for your consideration,

Jeff C Eisnaugle
Business Broker Colorado, LLC
Direct 303-905-7607
Fax 720-524-6482
www.businessbrokercolorado.com
jeff@businessbrokercolorado.com

This is prepared by Business Broker Colorado, LLC with information provided by the Seller. It was not created by the seller and neither the Broker or the Seller are responsible for its accuracy. Buyers are responsible for their own due diligence. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections. The information contained in this e-mail message is confidential and may be protected from disclosure. Please be aware that any other use, printing, copying, disclosure or dissemination of this communication may be subject to legal restriction or sanction. If you have received this e-mail message in error, please reply to the sender and delete it from your computer.
Different Brokerage relationships are available which include Seller agency, buyer agency, or transaction – brokerage.

Brokerage disclosure to Buyer or Tenant of Property. Definition of working relationships.

Seller's Agent: a seller's agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty, and fidelity. The agent negotiates on behalf of and ask as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the business/property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.

Buyer’s Agent: a buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of an accident advocate for the buyer. The buyer’s agent must disclose to all potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction. A separate written by a Buyer agreement is required which sets forth the duties and obligations of the broker and the buyer.

Transaction broker: the transaction broker assist the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care and the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction – broker concerning the property or a buyer's financial ability to perform the terms of a transaction and whether the buyer intends to occupy the property. No written agreement is required.

Business Broker Colorado, LLC, and Jeff C Eisnaugle will be operating solely as a “Seller Agent” in all transactions.

Growth & Expansion

They have no salespeople. The buyer could increase revenues by hiring salespeople, implementing an advertising, and marketing program, expanding their product lines into residential market. The new owner can greatly increase revenue stream by utilizing 2 additional means which the owners will share more with buyers.

Market Competition:

This is a modern, proactive, energy saving, company started in 2018 in their current location. They have increased their earnings every year, increased their customer base, and increased the number of their subcontractors.

Location Details:

The company has a lease in a large commercial building with plenty of parking. It has a large loading dock, and has room for growth. The lease rate is 2019 dollars per month triple net. Their lease is for 1334 square feet and is up in March 2023. The landlord has already expressed that he is open to a long term lease. Yearly increase in rent is around 100 dollars a month. The amount that they are paying is below market.

Support & Training

Will stay as long as needed

Reason for Selling:

Moving out of state

Listing ID: 32917

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