Commercial Roofing – 100% Recurring Clients

Business Overview:

This commercial roofing business has nearly 100% repeat customer base – there is no storm chasing. In 2024, there is already $12M in backlog and $6.5M in work in progress. Most of their projects are completed in less than one year, services are varied including, covering membrane roofing, metal roofing, sheet metal, slate & tile steep slope roofing, waterproofing, plaza pavers, and solar installation and repairs. Their well-developed team of 51 is made up of 1 Controller, 1 HR Manager, 1 Superintendent, 2 Project Managers, 3 Estimators, 1 Accounting Assistant, and 42 Laborers. The owner coordinates with the Controller & Superintendent, along with overseeing banking. He is confident that the Controller & Superintendent are qualified and capable of operating the company. With the purchase of this company, a buyer would receive $3.3M in assets, which includes $630,000 in equipment (forklifts, air compressors, generators, safety equipment, boom lifts, anything needed for their jobs), 16 vehicles, computers, FF&E, office software, and working capital. The business operates out of a 16,000 square feet facility with 4,000 square feet of office space. Priced at $7,200,000, this company is poised for a seamless transition. The owner is willing to carry up to 10%.

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Property Features and Assets:

Equipment: $630,342: Including jobsite forklifts, air compressors, generators, safety equipment, boom lifts

Vehicles: $501,835: 16 vehicles including 12 trucks, 3 SUV’s, and 1 cargo van

Computers/FF&E/Software: $130,085

Roofing A/R: $2,603,147 Solar A/R: $190,028

Roofing A/P: $678,762 Solar A/P: $78,576

Working Capital (A/R – A/P): $2,793,175 - $757,338 = $2,035,837

Market Competition and Expansion:

Focus more on the solar side.

Reason for Selling:

Retirement

Additional Details:

Documents:

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