Maintenance Of Commercial Roofs For Universities

Business Overview:

This commercial roofing company provides a comprehensive range of services, including membrane roofing, metal roofing, slate and tile steepslope roofing, below-grade waterproofing, plaza pavers, ornamental sheet metal work, and solar installation and repairs. Having built long-term relationships with a diverse and loyal client base, the company serves hospitals, pharmaceutical laboratories, universities, private schools, military facilities, and a range of government agencies. Included in the sale are $1.2 million in assets and over $1 million in working capital, ensuring a smooth transition and solid financial footing from day one. Supported by a team of over 50 employees, operations include a Controller, HR Manager, Superintendent, two Project Managers, three Estimators, one Accounting Assistant, and skilled union laborers. The owner remains semi-involved in coordinating field operations and oversight of internal functions, spending roughly 20 hours per week in the business. The decision to sell stems from the owners age and as a show of good faith and long-term commitment, the owner is willing to carry 20% of the purchase price and stay on for up to two years. Priced at $6,650,000, this company is poised for a seamless transition. The business operates out of a 16,000 sq. ft. facility with 4,000 sq. ft. of office space. Currently there is no marketing or outside sales taking place, and there is a lot of untapped potential on the solar side of the business, which will greatly improve revenues and profit margins.

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Property Features and Assets:

Working Capital (A/R – A/P): $1,187,889

Equipment: $760,427: 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

WIP & Backlog: $5,115,592*

Market Competition and Expansion:

Growth Opportunities: Focus on cross selling the private solar side

Reason for Selling:

Retirement/Age. Kindly ask the seller for more information.

Additional Details:

Documents:

Relevant Links:

• View more Connecticut businesses for sale
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