Profitable Roofing Specialty Work, MN Metro Area
Not Disclosed, MN Not Disclosed
MN Metro Area
Asking Price:
$495,000
Annual Revenue:
$751,906
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- RE: Profitable Roofing Specialty Work, MN Metro Area
- Contact: Young Bebus
Quick Facts
| Asking Price: | $495,000 | |
| Annual Revenue: | $751,906 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $268,037 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1970 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 502155277 | |
| Broker Reference #: | 15255440-YB |
Business Overview:
OFFERINGVR Business Brokers, Mergers and Acquisitions is pleased to introduce a profitable Roofing Specialty Work business. The Company’s established 53-year history in the area has allowed them to build strong relationships and trust with its customers and vendors alike.
BUSINESS HIGHLIGHTS
- Contracts and Reputation: Direct contracts with reputable Plumbing and HVAC companies in MN. Over 50 years establishing its reputation in the Twin Cities metro area. Established and stable relationships with independent contractors for hire.
- Customers: No customer concentration issues with no seasonality component as seen in other traditional roofing businesses in MN.
- Continuity of Operations: The Owners remaining in the business post sale with roofing contractor’s license in place.
- Place: Minnesota is ranked in the top 5 states where roofers earn the most money according to Zippia(2).
- Services: Repair and Maintenance services contracted by Plumbing Offers a two-year guarantee program which costs the company <2% of its income, but rather is more of a testament of their products and service level of quality.
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Market Competition and Expansion:
INDUSTRY TRENDS • Employment by roofing contractors increases . Overall employment by roofing contractors changed 4.7% in December compared to a year ago, according to the latest data from the Bureau of Labor Statistics. • Easing Interest Rates Boost Mortgage Activity- Apr 14, 2023. US mortgage applications rose 5.3% for the week ending April 7, 2023, marking the fifth straight week of increases, according to the Mortgage Bankers Association. • Industry Forecast. Sales for the US roofing and siding contractors industry are forecast to grow at a 5.03% compounded annual rate from 2022 to 2027, comparable to the growth of the overall economy. (1)Vertical IQReason for Selling:
Personal reasons.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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