NOT DISCLOSED, California
| Asking Price |
$1,050,000 |
Year Established |
2001 |
|
| Annual Revenue |
$1,610,828 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
John Willingham |
|
| Annual Cash Flow |
$356,268 |
Listing Number |
1000818 |
|
| # of Employees |
5 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
Well Established and Profitable Roofing Business located in a business friendly city in California. This business doesn't require much of the owners time and still makes a good profit. It enjoys an excellent reputation based on over 30 years of excellent service to it's customers. It has many repeat customers and larger customers that give them regular business. However, the business has a balanced customer concentration with no one or two customers accounting for the bulk of their business.
The Business is available with the Real Estate where it operates for an Additional $650,000. The Real Estate consists of a 3,000 sq. ft. metal building with 1,800 sq. ft. of office space and 1,200 sq. ft. of warehouse space located on a completely fenced commercial zoned 35,284 sq. ft. lot. The space was remodeled about 2 years ago with new flooring, paint, electrical and two new HVAC units. Or if you don't want to buy, the owner may lease it back at $3,000 per month on a industrial gross lease.
Equipment: The Business has all of the equipment necessary to apply asphalt shingles, membrane, tlle and build up roofs. A complete list will be provided to qualified buyers.
Inventory: The Business has no inventory, however it does have a bone yard of spare singles that may be handy for repairs.
Furniture fixtures and equipment: The office area has desks, chairs, couches and etc. that you would expect to see in an office.
Property Features and Assets:
Facility: 3,000 sq. ft. metal building with 1,800 sq. ft. of office space and 1,200 sq. ft. of warehouse with a mezzanine for extra storage.
Rent and lease terms: $3,000 per month on an industrial gross lease, for a 5 year term with 3% annual increases. A 5 year options to extend is also possible, subject to the Seller's approval.
Market Competition and Expansion:
Growth: The community is growing and the industry is expected to grow at a Compounded Annual Growth Rate of 6.6% from 2024-2032.
Market: The community is growing so there is plenty of new construction work available in both residential and commercial. There is always re-roofing, repair and service work.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity