Commercial Roof Coating Business in the Rio Grande Valley
| Asking Price: | $1,500,000 |
| Gross Revenue: | $2,086,147 |
| EBITDA: | $196,430 |
| Real Estate: | $1,000,000 |
| Cash Flow: | $516,048 |
| Inventory: | $10,000 |
| FF&E: | $400,000 |
| Established Year: | 2009 |
15 years in business with phenomenal real estate attached
This established business focuses on commercial roofing repairs and coating, with a small amount of residential work. Sometimes confused with paint-like coatings available at big box hardware stores, commercially applied roof coatings are a cost-effective solution to extend the life of flat and angled roofs while improving weather resistance and increasing energy efficiency.
The company has relatively low customer concentration and a wide range of job sizes, completing 175-250 projects per year for 80-100 customers. Projects range from a few thousand dollars for roofing repairs to several hundred thousand dollars for large entire roof coatings. The company does not have a true accrual, percentage of completion accounting system and large projects cause wide swings month-to-month in financials. With this in mind, a trailing 36-month average of revenue and earnings has been presented.
2022
Revenue: $2.6M
SDE: $57k
2023
Revenue: $2.3M
SDE: $188k
2024 YTD (August)
Revenue: $1.8M
SDE: $238k
The company operates with 18 employees including the owner's two sons. A second office in Corpus Christi is managed by a husband and wife sales and project management team in CC, though crews will occasionally come up from Edinburg to assist the Corpus office with larger project.
The company owns its facility near Edinburg and expects to sell this along with the business. We are estimating a real estate value of approximately $1M, which is not included in the listing asking price here.
This business requires an active manager and is a fit for a strategic buyer or local owner-operator. For more information, please submit the contact information on this page and we will revert with an NDA.
