Cincinnati Roofing Repair/Replacement Business

Blue Ash, OH (Hamilton County)

Cincinnati Roofing Repair/Replacement Business

Asking Price:$425,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2003

Cincinnati Roofing Repair/Replacement Business

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Business Description

Company is a family business which specializes in roof replacement and repair and also offers siding and gutter installation. Company has found a niche in the Greater Cincinnati Market by providing quality and timely service and generates referrals from existing customers as well as business referral groups. Contributing to Company’s success is the preferred contractor status with Owens Corning as well as Company’s use of one subcontracting group which performs 90% of its work. Company has positioned itself as a reliable, affordable and trustworthy contractor within the Greater Cincinnati Market.

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Detailed Information

Employees:
2
Facilities:
Company has chosen to operate the business from the owner’s home to reduce overhead. As the business changes ownership, the opportunity exists to open an office in a prime location positioning the Company for future growth. (Home Based)
Competition:
A key component that Company has managed to create is the relationship with its subcontractors. Company relies upon one subcontracting group to perform nearly 90% of its jobs. Maintaining this relationship will be critical in transition to new ownership. Current Owner plans for business to generate 90% of its revenues over 7-8 month period. Typically, the winter months generate little income with an occasional job completed during mild winter weather. Company’s existing customer base is somewhat narrow in large part concentrated on the East/Southeast part of Cincinnati with some jobs northeast of the city. Northern Kentucky is an untapped market for Company and there are certainly opportunities to expand around Cincinnati as well. Company has separated itself from its competitors by providing honest work at a reasonable price and standing behind their work. Customers choose Company because they believe in and trust the current owner, which is proven by Company’s business being based on almost entirely on referrals. Company’s competition changes based on the area of town the job is located in. Company is not competing with the big name companies like Ray St. Clair Roofing
Growth & Expansion:
As mentioned, Company derives most of its revenues from referral sources (97%) including customers, realtors, insurance agents and business groups. Company consistently maintains a 2 week backlog with nominal advertising. Growth opportunities certainly exist to expand revenues in both the replacement and repair segments. Bringing on a sales person and/or maintaining a retail location with good visibility would potentially increase Company’s opportunities in the industry. A retail location could double as office space. Likewise, utilizing a marketing/advertising program could propel Company growth. Historically, Company has a few jobs per year that are significant jobs, those greater than $50,000. Marketing to this sector could be a substantial revenue producer. Another growth opportunity exists within the repair segment. Hiring a full time seasonal employee dedicated to roof repairs has potential to generate growth. Company’s existing approach results in pulling subcontractor off jobs on average 1 day/week to complete the repair work. Dedicating a person to repair work for the roofing season would not only enable Company to increase repair work, but would also benefit the replacement work schedule.
Support & Training:
As part of the purchase, current owner is willing to provide assistance in a consulting type role for a period of 3 to 9 months. During this time, current owner would introduce vendors, subcontractors, customers and referral sources to new owner. Personal introductions and current owner's presence for a transition period creates intrinsic value to establish new owner and maintain and develop future business.
Home-Based:
This business is Home-Based

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Prosperitas Advisors LLC

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Prosperitas Advisors LLC

Prosperitas Advisors LLC

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