Business Overview

This business has been providing professional roofing services in Orange County for almost 35 years. They specialize in roof repair, restoration, certification, and new roof installation. They offer several material options including clay tile, slate shingles, composite roofing, and of course, the classic wood shake. They offer a stellar 10-year warranty on both materials and labor.

The company operates in the hands of two owners and three independent contractor roofers. The first owner focuses on sales, quotes, and scheduling, while the other owner handles the daily operations including pulling permits, managing construction sites, and QCing final work. The business is home-based, and the materials for each job are delivered from their supplier straight to the job-site every day. The three independent contractor roofers are seasoned pros, and have been working dedicated, full-time to the company for an average of 5+ years.

They do not actively advertise or market; they have a regular flow of leads from referrals, past clients, and their extensive network of real estate agents, construction companies and professional house flippers. As usual, they’re so swamped they can’t handle all the business! After almost 35 years in the business, it’s time for the owners to retire. The owner who handles sales is willing to remain on in a sales capacity for the right Buyer.

This is a great opportunity for somebody looking to enter the roofing business and be profitable on Day One, or a current roofing company to expand their team and book of business. Either way, every home has a roof that will one day need repair or replacement! If roofing is your calling, reach out to the Agent today!

Financial

  • Asking Price: $149,000
  • Cash Flow: $97,317
  • Gross Revenue: $943,704
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1987

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home-Based. Materials for each job are delivered from their supplier straight to the job-site. (Home Based)

Is Support & Training Included:

Yes

Purpose For Selling:

Retiring

Home Based:

This Business Is Home Based

Additional Info

The venture was established in 1987, making the business 35 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell companies. Nonetheless, the real reason and the one they say to you might be 2 completely different things. For instance, they may state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be justifications to try to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or a range of other factors. This is why it is really important that you not count absolutely on a seller's word, however instead, use the seller's answer together with your general due diligence. This will repaint a much more reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover things such as inventory, payroll, accounts payable, etc. Remember that occasionally this can imply that earnings margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be met or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract new consumers? Most times, operating businesses have repeat customers, which form the core of their day-to-day earnings. Certain aspects such as new competitors growing up around the area, road building, and also employee turnover can affect repeat consumers and adversely impact future earnings. One essential thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the higher the chance to develop a returning consumer base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? How might the neighborhood mean family earnings effect future earnings potential?