Commercial Roofing Focused on Maintenance

DANBURY, Connecticut

Asking Price	$6,100,000	Year Established	2010
Annual Revenue	$14,094,601	Reason for Selling	Retirement/Age
Annual P/L	$0	Attention
Annual Cash Flow	$1,480,338	Listing Number	1006928
# of Employees	52	Business Category	Services: Construction, Contractors

Business Overview:

Focused on preventative maintenance and repairs, this commercial roofing company has offered service for nearly 15 years throughout Connecticut and New York. They have a repeat and diverse client base, serving universities, private schools, military facilities, hospitals, pharmaceutical laboratories, universities, and a range of municipal buildings. Supported by a team of over 50 employees, operations include a Controller, HR Manager, Superintendent, two Project Managers, three Estimators, one Accounting Assistant, and 40+ Field Laborers. The owner remains semi-involved in coordinating field operations and oversight of internal functions, spending roughly 20 hours per week in the business. The decision to sell stems from the owners age and as a show of good faith and long-term commitment, the owner is willing to carry 20% of the purchase price and stay on for up to two years. Included in the sale are $1.2 million in assets and over $1 million in working capital, ensuring a smooth transition and solid financial footing from day one. Priced at $6,100,000, this company is poised for a seamless transition. The business operates out of a 16,000 sq. ft. facility with 4,000 sq. ft. of office space. Currently there is no marketing or outside sales taking place, and there is a lot of untapped potential on the solar side of the business, which will greatly improve revenues and profit margins.

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