Seller's Contact Information
- RE: Roof Inspection & Installation: $10M Backlog
- Contact: Jared Olson
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 |
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.
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.
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 homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
Here are some of the similar listings you can choose from
Cash flow increases 4 years in a row
For 30 years, this business has provided the Central New York region with the highest quality custom and pre-made counter tops and cabinets while maintaining reliable, knowledgeable and friendly service. The business has an excellent reputation and has generated outstanding financial results, including four years of increasing cash flow.
Reputable Multi-Service Construction Business
With 30 years of construction experience, the owner started the business to pursue his passion for home flipping and construction projects. The business focuses on residential and commercial construction, distinguishing itself through a commitment to quality and extensive industry experience.