For More Information Contact
Listing Agent: R. Troy Wolfe(Principal)
Phone: (239) 425-0677
Email: abb@abbrokers.com

Featured Business Profile

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ROOFING CONTRACTOR WITH STRONG ANNUAL GROWTH

Industry Segment: Contractor Roofing

General Location: SW FLORIDA

Listing Number: 924-01499

Purchase Information

Selling Price:
$9,500,000 
Down Payment:
$9,500,000 
Terms:
 

Financial Information

Gross Sales:
$18,108,848 
Inventory:
$25,000  
Included  
Cash Flow:
$3,236,578 
Equipment:
$1,196,000 
Included  
Real Estate:
$350,000 
Available  

Other Business Information

Year Established:
1980 
Is this a Franchise?
Monthly Rent:
$5,117 
Square Feet:
4888 
Employees:
80 FT, 4 Mgrs 
Days & Hours:
Mon-Fri 9:00 - 5:00 
Home-Based Business?
Can be Relocated?

Business Description

HIGHLY RESPECTED ROOFING CONTRACTOR WITH STRONG ANNUAL GROWTH SERVICING THE GREATER SARASOTA AREA FOR DECADES


This company benefited from a great reputation and solid growth prior to Hurricane Ian, and is now experiencing massive volume increases due to localized impacts from Hurricane Ian throughout their established service area.   The seller estimates a 3-5 year workflow from the storm damage and has signed contracts for over $10M in projects since the storm.  The seller is working to implement additional high quality crews to increase capacity. Prior to the hurricane volume surge, the business was  tracking to $18M in sales with SDE estimated at $3.2M. 


This company enjoys excellent online reviews and an A+ BBB ranking with a long history of providing quality work through corporate values of integrity to thousands of satisfied customers. The business features a dedicated workforce of over 75 professional crew members and managers, well-maintained fleet and equipment, loyal and repeat customers, proven systems, exceptional WC experience Mod and preferential vendor pricing. 


The focus has been existing residential re-roofing and repair including tile, shingle and metal roofing materials with occasional custom new home construction projects. Breakdown is approximately 55% shingle, 45% tile and 5% metal for residential work comprising 95% and commercial at 5% of the volume. Roofing customers often take advantage of "up-sell" services, including aluminum gutter, soffit and fascia systems, that are also installed by experienced in-house aluminum crews. 


Seller is willing to remain for an extended period to assist with a smooth transition and can qualify if needed. 


Lender Pre-qualified- terms approximate.


HIGHLY CONFIDENTIAL: POF AND RESUME MUST ACCOMPANY ALL PROSPECT NDA'S. 

 

Last Revision:11/21/2022 11:30:00 AM
R. Troy Wolfe
(239) 425-6163
(239) 443-0009
troy@abbrokers.com
American Business Brokers
8191 College Pkwy
Suite 306
Fort Myers, FL 33919
www.abbrokers.com
Listing Number:  924-01499
 

Contact Us For More Info

(239) 425-6163

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Please Note: All listings herein are exclusive to this listing office as of the date of submission. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect.
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