Northwest Ohio Roofing Business
Lucas County, OH
| Asking Price: | $600,000 |
| Gross Revenue: | $1,500,000 |
| EBITDA: | $350,000 |
| Established Year: | 1980 |
| Cash Flow: | $350,000 |
| Inventory: | $5,000 |
| FF&E: | $94,000 |
Listing ID: 2234343Listing provided by BizBuySell
BUSINESS DESCRIPTION
Well established roofing business (Over 40 years) focused upon direct customer relationships (as opposed to working for insurance companies). Provides shingle roof replacement, roof repairs, skylight repairs and replacements, gutter systems and repairs, and siding repairs for primarily residential projects. Has an A+ BBB rating, a 5-star Google Review rating and is the receiver of numerous awards based upon customer satisfaction.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Owners operate the business office out of their home and store vehicles, equipment and materials on another property of theirs. Buyer will need to secure a facility/location. All necessary vehicles and equipment are in well maintained good condition.
Competition
Past years' annual revenues have approached $2M. The Business has a substantial repetitive residential referral history + a core group of repetitive commercial accounts (Property Managers). This year's annual revenues are expected to approach $1.5M - the bulk of which is residential self pay work. Owner due to health reasons has discontinued his sales role and such is impacting sales in 2024.
Growth & Expansion
Owner indicates there is much more work presented and available for a Buyer of the business that is in position to provide financing. Owners' inability to offer financing greatly reduces captured opportunities/jobs.
Financing
Possibly to a very small degree. Has been SBA approved.
Support & Training
Turnkey set of employees and subcontractors are in place and owners will provide some limited transition and training. A Buyer team should have some construction experience and the ability to obtain required licenses.
Reason for Selling
Desires to retire on account of age & health - recent stroke.
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