Listing ID: 80753
Business Overview
**NEW PRICE** Well established roofing company that does both new installation and reroofs. The business has maintained a great reputation for quality work that has led to repeat business over the years. Employee retention has been high. Crew works year round with little to zero seasonal interruption. Business operates in multiple states.
Financial
- Asking Price: $850,000
- Cash Flow: $343,691
- Gross Revenue: $975,971
- EBITDA: N/A
- FF&E: $91,660
- Inventory: N/A
- Inventory Included: N/A
- Established: 1999
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:4
- Furniture, Fixtures and Equipment:N/A
Currently run from seller's home and shop. The home/property could be available to purchase in a separate transaction, if desired. (Home Based)
Will train for 4 weeks @ $0 cost. Contractor's license required, but not difficult to obtain. Required in two states.
Retirement.
Other competitors are in the area, but many others focus solely on new work as opposed to replacement.
The continued trend for demand is expected to remain for quite some time given the extremely high demand statewide. Re-roofs are part of the equation due to weather and age so growth is not tied simply to new construction.
This Business Is Home Based
Additional Info
The business was founded in 1999, making the business 23 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell operating businesses. Nevertheless, the real factor and the one they tell you may be 2 entirely different things. For instance, they might state "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or a variety of other factors. This is why it is very important that you not depend absolutely on a seller's word, but instead, make use of the vendor's solution combined with your overall due diligence. This will repaint an extra practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that earnings margins are too small. Many companies fall into 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 consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that must be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new customers? Most times, businesses have repeat customers, which create the core of their everyday earnings. Particular elements such as new competitors growing up around the area, road building, and staff turnover can influence repeat clients as well as adversely affect future profits. One essential point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the higher the chance to construct a returning client base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the neighborhood average home income impact future income potential?
