Listing ID: 82904

Business Overview

Extremely fast Growing roofing company with 93% sales growth year ending 6/30/21 and over $15M in revenue. Company netted $1.5M in current year. 47% revenue growth in the year prior. Excellent brand and reputation in the area. Serves St. Louis and St. Charles Counties as well as surrounding areas. Owner relocating. For additional information please contact listing agent Bruce Thompson at 314-614-6390 or bruce@fcbb.com.

Financial

  • Asking Price: $4,990,000
  • Cash Flow: $1,495,307
  • Gross Revenue: $15,159,564
  • EBITDA: N/A
  • FF&E: $697,126
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2012

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:21
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Seller is active in the business with 21 FT employees. Hours of operation are 24 hours daily. $697,126 in FF&E included in asking price.

Is Support & Training Included:

4 Weeks

Purpose For Selling:

Relocation

Additional Info

The business was started in 2012, making the business 10 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell companies. Nonetheless, the real factor vs the one they tell you might be 2 absolutely different things. As an example, they may claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, recent decrease in profits, or a variety of other reasons. This is why it is really important that you not rely completely on a seller's word, however rather, use the seller's response combined with your overall due diligence. This will repaint a more reasonable picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover points such as supplies, 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 come 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 commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be fulfilled or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new clients? Many times, operating businesses have repeat consumers, which develop the core of their everyday revenues. Certain aspects such as brand-new competitors growing up around the location, roadway construction, and also employee turnover can influence repeat consumers and negatively influence future incomes. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business regularly, the greater the possibility to develop a returning client base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? How might the local mean family earnings influence future revenue prospects?