Title: Growing Roofing Co. w/Real Estate
Industry: Construction/Trades Location: Denver, Colorado
Asking Price: $2,600,000.00 Inventory/FFE: $300,000.00 (*Included in Price)
Gross Revenue: $6,241,816 | Cash Flow: $900,000 | EBITA: $1,262,00+ | Real Estate Value: $575,000.00
*SBA has already pre-qualified the valuation microeconomics, which means, Faster time to close!
Description: Money through the roof (literally): The Opportunity to buy a successful, thriving roofing company has arrived.
The company has grown 17% annually for the last four years. It has several large and small contracts lined up for the near future, guaranteeing a revenue stream. It has a customer base of over 7,500, comprised of builders, contractors, and homeowners. In 2016 it had a seller’s discretionary cash flow (CF) of $1,262,000.
Growth: This company gets requests for more bids than it currently has the capacity to fulfill. A new owner could easily grow the company and increase profits by hiring more roofing teams.
As the owner of the company, you will get:
1) A Reliable and Skilled Labor Force
The production manager has been with the company 15 years and in the roofing industry 25 years. He is skilled at all levels of operations including estimating, dispatch, project management, reading blueprints and more. The 3 roofing specialists have between 13 and 26 years of experience. They work as field superintendents, handling everything from estimating to following safety protocol. The company has enough experienced roofers to make 6-8 roofing crews, depending on the season and the scope of the jobs. The roofing crews are reliable, trustworthy tradespeople, accustomed to being held to the highest standards in the industry. The office staff take responsibility for the bookkeeping, customer service, and general operations.
2) An Impeccable Professional Reputation
People in the construction industry and affiliated industries continue to hire and recommend this roofing company. As a member of several professional organizations, the company’s solid reputation is one of its key assets. Customer service isn’t just a word; it is what the company does when something doesn’t go as planned. This company never leaves until the client is satisfied.
3) Continuing Revenue Stream
Production builders and custom home-builders alike know to use and refer this roofing company. As a result, a bulk of their business comes from referrals and repeat customers. The company has several jobs “in the pipeline.”
4) A Strong Online Presence and Reputation
It has over 60 stellar reviews on such sites as Yelp and Google, and on several referral sites. Their ratings range from 4 ½ stars to 5 stars. They earned an A+ rating with the Better Business Bureau. They also have a strong presence on several referral sites. It has a professionally managed website and social media presence.
The company has about $200,000 in equipment and another $100,000 in other assets. The building where the company operates is owned by the sellers. Their current net working capital is just under the $1 million mark. They are willing to negotiate separate terms for selling or leasing the real estate, if desired.
The Background Story
A booming construction business and high demand for replacement roofs in Denver created a space for many roofing companies in the local economy. Traditional roofing companies are small, locally-owned operations. Although companies vie for market-share, this company stands out from the pack because of its skill and reputation. As a result, it has grown steadily and it has potential for even greater growth under the right leadership.
One of the partners learned the ropes of running a roofing company as an employee in the early 90s. After becoming a top estimator for the employer, the next goal was starting the path towards owning a roofing company. That was 17 years ago. The partners attribute their success to always leaving the customer satisfied with the timeliness and quality of the projects. This is evidenced with 98% of the clients, such as developers and general contractors. The company’s track record is their strongest sales tool.
The owners built solid relationships with contractors and other key professionals in the industry. After years of nurturing this company they must sell it for personal reasons. They are looking for the next owner who is capable of running the company and maintaining quality.
Are You Ready to Buy and Earn Cash Flow Today?
It takes someone with sound business practices and integrity to build a roofing company into a thriving business with great cash flow. The current owners have done that and are ready to hand the baton off to the next owner. If you have the skills and desire to take the company to the next stage of development and profitability, call today! For more information call 303-290-7449.
*Disclaimer: Listing Information displayed is usually deemed reliable but is NOT guaranteed accurate by Denver Business Brokers Intermediaries. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.