Roofing with Storm Restoration Pandemic Proof

Not Disclosed, VA


Asking Price: Annual Revenue:
$2,850,000 $8,116,706

Services: Construction, Contractors


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RE: Roofing with Storm Restoration Pandemic Proof Broker: Jared Olson
Owner Financing is Available!
15% Buyer Down Payment $427,500 20% Seller Financing $570,000 65% Bank Loan $1,852,500

Quick Facts

Asking Price: $2,850,000
Annual Revenue: $8,116,706
Net Profit: Not Disclosed
Cash Flow: $901,403
Total Debt: Not Disclosed
FF&E: $202,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 16
BBN Listing #: 207734398
Broker Reference #: CBI032

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Business Overview:

This roofing company with storm restoration services boasted over $1.4M in cash flow in 2021 and has 16 employees in place between two locations on the East Coast, including 2 office managers, 5 office staff, and 7 sales reps. This full team allows the current owner to focus strictly on the oversight of the sales division. Even still, he is willing to stay on board for 2-3 years post-close to ensure a smooth transition. All of the labor is outsourced, allowing this company to see a lower CapEx and liability. They service largely residential clients (95%) within a 2-hour radius from each location (Virginia, West Virginia, and Maryland). Services include roof inspections & installation, gutter repair, siding, windows, windows, floors, decks, etc., depending on the customer needs.

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%!), their client list of over 5,000 people, 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 $2.85M purchase price, which shows confidence in the company’s ability to continue successfully. Based on a 2020-2021 average cash flow, a down payment of $427,500 would return $481,751 in the first year after debt payments! Also included with this purchase is the 10 vehicles needed for the sales team, allowing a new owner to step in and hit the ground running from day one.

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Property Features and Assets:

Location: 1 location in Manassas, VA and second satellite office 1 hour away

Market Competition and Expansion:

Growth Opportunities: Expanding services to commercial and government opportunities

Reason for Selling:

Spend 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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