Long Established and Profitable Roofing and Siding Contractor

Nassau County, NY

Seller Financing Available

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Asking Price:$430,000
Gross Revenue:$788,000
FF&E:$100,000
Cash Flow:$214,000
Inventory:$5,000
Established Year:1990
BUSINESS DESCRIPTION

Owner financing, Growth Potential.

This long established roofing and siding contractor has been in business for nearly 100 years. The present owner is a roofer and has reached retirement age. He is willing to provide financing to a qualified buyer, on a case-by-case basis at his sole discretion.

The company provides both professional and first-rate roofing & siding services to residential and commercial clients, primarily in Nassau & Suffolk County.

The business presently operates with two (2) installers and one (1) helper, and the sale includes all equipment and tools necessary, including: 3 Vans, a Bucket Truck, Box Truck with gutter machine, and a sheet metal shop. The workers are expected to remain with the business after the sale.

The company works with all popular roofing types including asphalt shingle, and EPDM, providing new roofs and roof repairs to residential and commercial accounts. Residential roofing typically needs to be changed every 15-30 years, providing a constant stream of new and repeat business.

In addition to roofing and siding, the company also provides gutters to complete all renovations.


DETAILED INFORMATION
Location
Nassau County, NY
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
30/12/2034
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The seller owns the RE & will provide a 5/5 year triple net lease at an initial annual rate of $60K with normal escalators. • 2,500 sq ft building • 10 car parking lot • Downstairs office: 420 sq ft • Upstairs office: 252 sq ft • Yard: 1,000 sq ft • Mezzanine: 700 sq ft • Shop: 2,200 sq ft
Growth & Expansion
There is room for growth in neighboring communities.
Financing
Seller financing to qualified buyer on a case-by-case basis, at his sole discretion.
Support & Training
Seller will provide 3 weeks of support to transition the business as part of the transaction..
Reason for Selling
Owner has reached retirement age.
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Angelo
Ferrara
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Angelo Ferrara