Roof Inspection & Installation: $10M Backlog

Manassas, VA
Prince William County


Asking Price: Annual Revenue:
$2,800,000 $7,277,202

Services: Construction, Contractors


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RE: Roof Inspection & Installation: $10M Backlog Broker: Jared Olson
Owner Financing is Available!
10% Buyer Down Payment $280,000 20% Seller Financing with SBA Standby $560,000 10% Promissory Note $280,000 60% Bank Loan $1,680,000

Quick Facts

Asking Price: $2,800,000
Annual Revenue: $7,277,202
Net Profit: Not Disclosed
Cash Flow: $857,637
Total Debt: Not Disclosed
FF&E: $66,274
Real Estate: Not Disclosed
Year Established: 2011
Employees: 19
BBN Listing #: 805734398
Broker Reference #: CBI032-L

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Business Overview:

This residential roofing business has been in service since 2011 and they have $2.4M in receivables! they have 2 locations with their main location in Manassas, VA and the second satellite location an hour away, both locations have a General Manager to ensure smooth individual operations. The services offered include roof inspection and installation, gutter repair, siding, windows, floors, decks, drywall, and storm restoration which are utilized by over 5,000 clients in Virginia, West Virginia, and Maryland. The team consists of 19 employees including 2 office managers, 5 office staff, and 7 sales reps, this roofing business not only has an established chain of command but has also been able to keep their CapEx and liability low by outsourcing all of the labor. Their team works with clients’ insurance companies to ensure that customers get the most out of their claim. The current owner only focuses on the oversite of sales and even with his minimal involvement in day-to-day activities, he is willing to stay on board with the business for 2-3 years post-close to ensure a smooth transition. Coupled with the high levels of customers coming in due to referrals (70%!), and their average online rating of 4.8, this business is primed for growth. The current owner is willing to carry 30% of the $2,800,000 purchase price, to show their established confidence in the company’s ability to continue successfully. A 10% down payment of $280,000 is what Is needed to step into ownership of this projected 10 Million dollar revenue roofing company.

In the Northeast U.S., April through September is storm season, which is the busiest time of year for this company. After a hailstorm, there is a 50% chance that a roof will have a leak. They have learned to utilize this information by increasing their marketing to coincide with this optimum business opportunity. Because of this niche market, the business has proven to be pandemic and recession proof. Outside of their already incredible client base, there would be easy expansion into commercial and government work as well.

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Property Features and Assets:

Assets in Purchase: $2,137,727 Vehicles: 10 pickups Contract Balances: $1,964,358 AR: $107,095 Equipment and office furniture: $66,274 Intangible Assets: Client list (5000+), website, 4.8 average rating from online reviews, social media followers.

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:

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