Residential Roofing With 2 Locations
Manassas, VA Manassas City County
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- RE: Residential Roofing With 2 Locations
- Contact: Not Disclosed
Quick Facts
| Asking Price: | $2,200,000 | |
| Annual Revenue: | $6,782,305 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $711,398 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2011 | |
| Employees: | 19 | |
| BBN Listing #: | 954157 | |
| Broker Reference #: | CBI032-N |
Business Overview:
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 day to-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.
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Property Features and Assets:
Assets in Purchase: $884,440
Market Competition and Expansion:
Growth Opportunities: Expanding services to commercial and government opportunities
Reason for Selling:
Strategic Buyer who can bring business and financial acumenAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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