Commercial Roofing Focusing on Industrial

Pittsburgh, PA
Allegheny County

Service Ares is within 75 miles of Pittsburgh

Asking Price: Annual Revenue:
$14,200,000 $18,610,635

Services: Construction, Contractors

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RE: Commercial Roofing Focusing on Industrial Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $14,200,000 15% Buyer Down Payment $2,130,000 15% Seller Financing or Equity $2,130,000 70% Bank Loan $9,940,000

Quick Facts

Asking Price: $14,200,000
Annual Revenue: $18,610,635
Net Profit: Not Disclosed
Cash Flow: $3,009,048
Total Debt: Not Disclosed
FF&E: $2,743,549
Real Estate: Not Disclosed
Year Established: 1999
Employees: 90
BBN Listing #: 378834398
Broker Reference #: CBI019

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Business Overview:

This roofing company in Pittsburgh has $14M worth of signed contracts in their backlog! Offering reroofing (50% of their revenue) new construction (40%) and repair & maintenance (10%), this team of 90 employees is comprised of 75 craftsmen and sheet metal workers, along with 15 salaried support staff. They self-perform 95% of their work, subbing out only as needed based on project size and ancillary services in the contract. Their clientele is a diverse assortment of consultants, general contractors, and private owners; this business is highly sought after in the greater Pittsburgh region. They currently have 28 jobs that are in various stages of progress. Project sale size ranges from $75k to over $3.75M, and project length can range from one week to 2 years or more.

The company is a mixture of union and non-union, with the union side making up 80% of their total sales and 60% of their current projects. Generally, they are the largest employer on a month-to-month basis in the union, they employ an average of 44 roofers and 15 sheet metal workers per day with a fairly even split of new construction vs. renovation, and mostly in the public sector. There are a large number of institutions in the area that require union members to perform their projects. The non-union side is more in the private sector, with 80% of their revenue comprised of new construction.

With year-over-year growth since 2017, this business did over $18M in sales in 2019 and is in a prime position for growth. Pursuing more maintenance work and roofing-related sheet metal projects would certainly increase revenue. With already long-standing client relationships in place, organic growth is inevitable if services are expanded.

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Property Features and Assets:

Services: 50% reroofing, 40% new construction, 10% repair & maintenance. Clients: 100% commercial: Consultants, General Contractors, private owners. Building Lease: 12,500 square feet building, 5,800 of which is office space, all on 3.4 acres.

Reason for Selling:

Other Endeavors.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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