Listing ID: 76837
Highly profitable and highly respected Roofing Specialist in PRIME West Los Angeles. This company has a stellar reputation and services some of the most affluent areas of West Los Angeles for both commercial and residential properties. In business for over 30 years, this company specializes in providing various types of roofing installations, roofing repairs and offers roofing maintenance plans. Property types range from Commercial to Apartment Buildings to single-family homes. Most of the single-family homes are high end and owned by high-net-worth individuals to celebrities in various prime West Los Angeles communities such as Pacific Palisades, Beverly Hills, Malibu, Brentwood and Santa Monica to name a few. The company services all roof types and keeps current with the latest trends and technologies being used in the Roofing Industry. This company deals with clients directly and works with some of the top GCs in the area as their go to roofing specialist. The history of properties that this company has worked on over the years in very impressive.
Revenue over the last several years has ranged from $1.4M – $1.7M and the current fiscal year ending June 2021 finished at $1.6M even with all the issues around Covid and supply chain issues. Cash flow has averaged $360K – $490K. The current pipeline of jobs is very healthy and includes more commercial jobs at higher margins. The asking price includes a large amount of furniture, fixtures, and equipment plus vehicles. 10 trained employees including supervisors are in place. Current owner oversees the business as a manager. Seller will provide long term training as necessary as well as seller finance for a qualified buyer with a significant down payment. Buyer will need to qualify for a C-39 Contractor’s Roofing License. The business can also be relocated anywhere in the greater Los Angeles area. SBA finance is available for a qualified buyer with industry experience or Seller will consider seller finance with a significant down payment for a qualified buyer.
According to industry stats, Los Angeles is considered the second largest construction market in the U.S. Residential and commercial property owners are expected to invest heavily in improvements. Industry experts expect the market to remain strong and stable into the future for several reasons including the fact the most homeowners are remodeling their existing home rather than moving due to the shortage of inventory as well as other factors. Commercial property owners and apartment building owners are also trending towards improving their properties to compete with other properties and maintain their properties for long-term ownership. This is a unique opportunity to purchase a 30 + year old roofing company with a stellar reputation, servicing a prime area in West LA with room for growth and a healthy pipeline of contracts in place.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Matt Coletta at email@example.com or call (818) 991-9621 to receive a confidentiality agreement and to learn more about this opportunity.
- Asking Price: $1,150,000
- Cash Flow: $400,000
- Gross Revenue: $1,608,142
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1987
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Seller will provide training at no cost to buyer.
Seller to discuss
Seller to discuss
The venture was started in 1987, making the business 35 years old.
The business has 12 employees and is located in a building with approx. square footage of N/A sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nevertheless, the genuine reason and the one they tell you might be 2 absolutely different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be excuses to try to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or a range of other reasons. This is why it is extremely crucial that you not depend entirely on a vendor's word, yet rather, utilize the vendor's response in conjunction with your total due diligence. This will repaint an extra realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that earnings margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract brand-new customers? Most times, businesses have repeat customers, which form the core of their everyday earnings. Particular variables such as brand-new competition growing up around the location, roadway building and construction, and personnel turn over can influence repeat customers and also negatively influence future earnings. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the better the opportunity to construct a returning consumer base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Exactly how might the regional typical home earnings effect future revenue potential?