Residential Roofing with 2 Locations

Manassas, VA
Manassas City County


Asking Price: Annual Revenue:
$2,875,000 $8,116,706

Services: Construction, Contractors


Request More Information
Contact the Seller

RE: Residential Roofing with 2 Locations Broker: Jared Olson
Owner Financing is Available!
15% Buyer Down Payment $431,250 20% Seller Financing $575,000 65% Bank Loan $1,868,750

Quick Facts

Asking Price: $2,875,000
Annual Revenue: $8,116,706
Net Profit: Not Disclosed
Cash Flow: $1,406,331
Total Debt: Not Disclosed
FF&E: $202,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 16
BBN Listing #: 627734398
Broker Reference #: CBI032-C

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

With over 20 years in service, this residential roofing business has 2 locations and over 5,000 customers in their client base. Thanks to their main location in Manassas, VA and their satellite location an hour away, they are able to offer their roof inspection and installation, gutter repair, siding, windows, floors, decks, drywall, and storm restoration services to client in Virginia, West Virginia, and Maryland. In order to keep CapEx and liability low, all of the business’s labor is outsourced and with a team of 16 employees including 2 office managers, 5 office staff, and 7 sales reps, the current owner only focuses on the oversite of sales. Even with his minimal involvement in day-to-day activities, he is willing to stay on board for 2-3 years post-close to ensure a smooth transition. This business boasted over $1.4M in cash flow in 2021 and comes with over $200,000 worth of hard assets to allow new ownership to continue and grow the business’s current operations.

In the Northeast U.S., April through September is storm season, which is the busiest time of year for this company. After a hail storm, there is a 50% chance that a roof will have a leak. After being in business for 20+ years, they have learned to utilize this information by increasing their cold call and door to door sales to coincide with this optimum business opportunity. Because of this niche market, the business has proven to be pandemic and recession proof. Their team works with clients’ insurance companies to ensure that customers get the most of their claim. Coupled with their high levels of customers coming in due to referrals (70%!), and their average online rating of 4.8, this business is primed for growth. Outside of their already incredible client base, there would be easy expansion into commercial and government work as well.

The current owner is willing to carry up to 20% of the $2.875M purchase price, which shows confidence in the company’s ability to continue successfully. A 15% down payment of $431,250 would return $478,070 in the first year after debt payments!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Market Competition and Expansion:

Growth Opportunities: Expanding services to commercial and government opportunities.

Reason for Selling:

Owners want to spend more time with family.

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.

Documents:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!