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.
R. Troy Wolfe
American Business Brokers
8191 College Pkwy
Fort Myers, FL 33919
|Listing Number: 924-01499|