Profitable Florida Based Roofing Company

Not Disclosed, FL

Asking Price: Annual Revenue:
$4,199,000 $6,196,157

Services: Construction, Contractors

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RE: Profitable Florida Based Roofing Company Broker: Charlie Meeks
Owner Financing is Available!
$3,360,000 down/$839k over 60 mos. @ 6%.

Quick Facts

Asking Price: $4,199,000
Annual Revenue: $6,196,157
Net Profit: Not Disclosed
Cash Flow: $611,707
Total Debt: Not Disclosed
FF&E: $697,520
Real Estate: $1,600,000
Year Established: 2007
Employees: 49
BBN Listing #: 96844955
Broker Reference #: 1001-16756

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Business Overview:

Raise the roof: Amid rising demand, industry operators are expected to hire more workers.

Operators in the Roofing Contractors industry perform installation, maintenance, and repair on the roofs of residential homes and non-residential buildings. This work includes installing roofs and skylights and treating roofs. Over the five years to 2021, industry operators have benefited from broad economic improvements in the United States.

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Property Features and Assets:

Most roofing contractors don't require facilities other than an office and a small inventory. A yard is required to store company vehicles overnight and on weekends are would be secured. Inventory is typically delivered to the home or business where the roofing project is to be done. This makes it much easier to control inventory carrying costs. The owner of this business does adequate property that will handle most inventory and vehicle storage needs Assets= $2,695,663.

Market Competition and Expansion:

Companies within the Roofing Contractors industry primarily compete on price, reputation, portfolio of past work and quality. Since roofing services are not very differentiated, clients tend to consider price above other factors when choosing a bid for a project. Price competition increased during the housing bubble in 2008 as more businesses were willing to lower prices to obtain work in a low-demand environment. A company's reputation for timeliness and quality of work is also important; a company known for professionalism can justify somewhat higher prices and still expect to generate a healthy pipeline of work. Over the long term, competition among industry operators is intensified by the industry's low barriers to entry, which make it easier for new enterprises to enter the market. Residential roofing contractors can identify potential customers in the repair and renovation market with relative ease by undertaking street surveys within a region and directly approaching prospective customers based on the condition of their roof. Contractors can then provide customers with unsolicited price estimates and point out successful local jobs they have previously completed, thereby generating new demand based on reputation. Many local operators also rely heavily on establishing a relationship with building contractors to tender for new construction contracts. Larger contracting operators can benefit from economies of scale via the purchase of bulk quantities of tile and other roofing materials. Large companies often align with major roofing manufacturers to gain an advantage when competing for contracts. Larger operators also boast higher marketing budgets, enabling better name recognition among property owners. In recent years, some larger businesses have emphasized green roofing products, including solar panels and garden roofs. By offering such products, these operators are able to differentiate their services to compete on a basis other than pricing or reputation. Over the five years to 2026, environmentally friendly products are expected to become more cost-effective and widespread, and operators offer such services will likely be able to capitalize on this growing market. The industry competes with other industries that offer similar services. For example, operators in the Industrial Building Construction (IBISWorld report 23621) and Commercial Building Construction (23622a) industries also perform roof installation rather than hire a specialist from the Roofing Contractors industry. Industry operators also compete with businesses that install other types of building exteriors, such as in the Glass and Glazing Contractors industry (23815). Over the five years to 2021, industry operators have also had to contend with growing online competition. With low inventory, no rental expense, and low overhead, these online competitors have put downward pressure on profit. Finally, roofing contractors compete with general contractors, consumers, and building managers that maintain their own roofs. Operators can negate such external competition by highlighting the specialized nature of their work and emphasizing the knowledge and attention they bring to roofing jobs, as opposed to such work being only one component of a more general construction business. Likewise, contractors can leverage this specific roofing expertise to convince general contractors and homeowners that hiring an industry contractor or businesses will produce better results than doing the work in-house. The roofing industry's life cycle is in the growth stage due to the demand for housing and the economic expansion that is expected through 2026. The roofing industry's life cycle is in the growth stage due to the demand for housing and the economic expansion that is expected through 2026. Opportunities exist for high revenue growth.

Reason for Selling:

Retirement and change in business focus.

Additional Details:

  • The property is owned.
  • 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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