Maintenance Of Large Campus Roofs – Repeat Client

Business Overview:

In 2024, there is already $8.3M in backlog and $18M in work in progress for this commercial roofing business. Their loyal client base is all referrals or repeat, consisting of hospitals, pharmaceuticals, military, universities, private schools, government (schools, town halls, police, fire), government agencies, and national retail – there is no storm chasing. With the purchase of this company, a buyer would receive $3.2M in assets, with $1.9M in Working Capital in addition to $760K in equipment and 16 vehicles. Their well-developed team of 51 is made up of 1 Controller, 1 HR Manager, 1 Superintendent, 2 Project Managers, 3 Estimators, 1 Accounting Assistant, and 42 Laborers. The owner is willing to carry up to 10% of the price, plus roll equity of 5% and has offered to stay on board for 1-2 years, showing a vested interest in the ongoing success of the company. The owner coordinates with the Controller & Superintendent, along with overseeing banking. He is confident that the Controller & Superintendent are qualified and capable of operating the company. Priced at $6,650,000, 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. Most of their projects are completed in less than one year, services are varied including, covering membrane roofing, metal roofing, sheet metal, and solar installation and repairs.

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Property Features and Assets:

Assets*: $3,258,090

Market Competition and Expansion:

Focus more on the solar side

Reason for Selling:

Additional Details:

Documents:

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