The numbers
As stated by the listing on September 22, 2026.
- Asking price
- $1,570,000
- SDE
- $465,000
- Gross revenue
- $1,370,000
- Multiple
- 3.38x
- Employees
- 10
Why we like it
Denver's Front Range sits inside what insurers call Hail Alley, one of the most hail prone corridors in the country, and a single severe storm can turn a neighborhood's roofs, siding and gutters into insurance claims overnight. That creates two different kinds of remodeling customer under one roof: the homeowner spending discretionary equity on a kitchen or basement because they want to, and the homeowner spending an insurance check on exterior repairs because they have to. Colorado has no statewide contractor license, so the right to pull a permit runs through whichever city or county the job sits in, meaning a crew working across Arapahoe County's municipalities is juggling several local registrations rather than one credential that travels with the company. This business runs ten people doing residential renovation and remodeling work across the county, the kind of shop that typically mixes project managers, in-house tradespeople and subcontracted specialty trades job by job. Start with the split between storm-driven insurance restoration and discretionary remodel work, because the first is lumpy and tied to a weather event that may not recur next season, while the second reflects an actual client relationship and referral pipeline that survives a quiet storm year. A remodeling contractor's real growth engine is rarely more crews, it's becoming the name a realtor, designer or insurance adjuster hands out before a homeowner even starts calling around.
You probably need a licence to run this
Colorado has no statewide general contractor license, but Arapahoe County and its cities, such as Aurora and Centennial, generally require a local contractor registration or license before a permit can be pulled, and electrical and plumbing work needs separately licensed trades. The listing does not say who holds that credential today or whether it is tied to the current owner personally. If it is, it likely does not transfer automatically, and a buyer without local standing would need to qualify personally or keep a licensed employee or subcontractor in place to keep pulling permits without interruption.
What worries us
- Owner-held relationshipsIn a ten-person remodeling shop, bidding, estimating and the trust that lands the next job usually run through the owner personally. If those relationships with clients, realtors, designers or adjusters do not transfer, the pipeline can dry up faster than the seller's numbers suggest.
- Storm-driven revenue is lumpyIf a meaningful share of the stated revenue came from insurance-paid hail or storm restoration work, that figure is tied to weather events, not demand a new owner can count on repeating every year.
- Open jobs carry forward riskMulti-week renovation contracts mean a new owner inherits unfinished jobs, whatever pricing and change orders were promised on them, and any warranty exposure on work already completed under the prior owner.
The callSuits a hands-on buyer with construction or trades experience who can manage crews and licensing locally, not a passive, out-of-industry investor.
Our calculations
Our standard SBA 7(a) acquisition structure applied to the asking price. Assumptions below.
Sources
| SBA 7(a) loan | $1,490,878 |
| Seller standby note | $82,826 |
| Buyer cash at close | $82,827 |
| Total sources | $1,656,531 |
Uses
| Purchase price | $1,570,000 |
| Closing costs (est.) | $47,100 |
| SBA guaranty fee | $39,431 |
| Total project | $1,656,531 |
- Monthly payment
- $19,088
- Annual debt service
- $229,057
- DSCR
- 1.44xBANKABLE
- Injection check
- Meets 10% ($165,653 against $165,653 required)
- Closing costs estimated at 3% of asking price
- Owner salary of $120,000, loaded
- Rate of Prime + 2.25% = 9.25%
- 10-year term, fully amortizing
- Injection split half cash, half seller standby note
How we would go about buying it
The order matters. Every step below is free until the last one, and each is a chance to walk away before it costs you anything.
- 1
Call the broker, not the bank
The listing is brokered, so the broker is the gate. Ask for the CIM and the last three years of tax returns, and expect to sign an NDA first. Do this before you talk to a lender: no lender will size a loan without the numbers, and the broker will not release them to a lender you have not engaged.
Open the listing - 2
Ask these before you spend anything
Specific to this business, from our read of the listing. The answers decide whether the numbers above survive contact.
- What share of trailing twelve month revenue came from insurance-paid storm or hail restoration jobs versus discretionary remodels like kitchens and basements, and how has that split moved over the last three years?
- Who currently holds the contractor registration or license that lets the company pull permits in Arapahoe County and its cities such as Aurora or Centennial, and does that credential transfer to a new owner or does the buyer need to personally qualify or hire a qualifying party?
- What is the signed backlog and work-in-progress value right now, and how much of the stated revenue reflects jobs that are billed but not yet completed?
- Of the ten employees, how many are licensed tradespeople doing electrical or plumbing work directly versus general labor or project management, and how much of the trade work is subcontracted out?
- Are there any open warranty claims, callbacks, or unresolved insurance disputes on jobs completed in the last two years?
- 3
Take it to lenders who do this size
Talk to more than one. Rate is the least of it: the lender who has done fifty of these in Colorado will close, and the one who has done two will waste your quarter. Below are the lenders whose typical deal size actually fits this one.
- 4
Structure the offer around the coverage
Our structure clears the floor at 1.44x, and a lender will run its own version with its own add-backs. If the earnings come back lower than stated, the price has to come down or the seller note has to grow. Model both before you make an offer.
Model it yourself
Who we would call
Active Colorado acquisition lenders whose typical deal size fits this one.
- Hanmi Bank
79 loans in COmedian $750,000median rate 9.00%~18 days to first disbursement
- First Internet Bank of Indiana
22 loans in COmedian $633,000median rate 10.00%~23 days to first disbursement
- VelocitySBA, LLC
22 loans in COmedian $787,500median rate 9.75%~17 days to first disbursement
Loan counts and medians are that lender’s change-of-ownership loans in Colorado, FY2025 to FY2026 Q3. Funding speed is the lender’s national median from approval to first disbursement. Names link to our data profile for each lender.
The fine print
The statements this write-up makes about the trade and its rules, as opposed to the figures, were checked against public sources on September 21, 2026. 4 claims were checked.
Run your own numbers
The deal analyzer models price, seller note, equity injection, and DSCR under current SBA terms, with every assumption adjustable.
Open the deal analyzerListing facts as stated by the listing on September 22, 2026, not independently verified. Structure, payment, DSCR, and injection figures are our own computation under the assumptions above, using the Prime rate as of September 28, 2026. Lender shortlist from the SBA 7(a) FOIA file, FY2025 to FY2026 Q3, as of June 30, 2026. Methodology. See an error? Email us and we will correct it.