Residential Roofing with 2 Locations: Owner to Carry 35%
Asking Price: | $2,200,000 |
Gross Revenue: | $6,782,305 |
Established Year: | 2011 |
Cash Flow: | $711,398 |
FF&E: | $884,440 |
Services offered include roof inspection and installation, gutter
repair, siding, windows, floors, decks, drywall, and storm
restoration which are utilized by over 5,000 clients in Virginia,
West Virginia, and Maryland. They have 2 locations with their
main location in Manassas, VA and the second satellite location
an hour away, both locations have a General Manager to
ensure smooth individual operations. The team consists of 19
employees including 2 office managers, 5 office staff, and 7
sales reps with an established chain of command. This
residential roofing business has been in service since 2011 and
they have over $400,000 in receivables! Their team works with
clients’ insurance companies to ensure that customers get the
most out of their claim. The current owner only focuses on the
oversite of sales and even with his minimal involvement in dayto-day activities, he is willing to stay on board with the business
for 2-3 years post-close to ensure a smooth transition.
Coupled with the high levels of customers coming in due to
referrals (70%), and their average online rating of 4.8, this
business is primed for growth. The current owner is willing to
carry 35% of the $2,200,000 purchase price, to show their
established confidence in the company’s ability to continue
successfully. In the Northeast U.S., April through September is
storm season, which is the busiest time of year for this
company. After a hailstorm, there is a 50% chance that a roof
will have a leak. Outside of their already incredible client base,
there would be easy expansion into commercial and
government work as well.