32 Year Old Roofing Company

FL

Seller Financing Available
32 Year Old Roofing Company
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Asking Price: $3,900,000

Cash Flow: $1,047,860

Gross Revenue: $7,147,538

EBITDA: N/A

FF&E: $360,000

Inventory: $8,000

Established: 1987

32 Year Old Roofing Company

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Business Description

32 year old established Florida roofer. 60% Residential and 40% Commercial business. Key management in place to ensure continued success. The company focuses on the installation of metal roofs, shingles, concrete tile, TPO, EPDM, single-ply, modified bitumen, roof coatings along with re-roofing projects and repairs. Most trucks are newer 2017 or 2018 models. Tax Returns are Cash Basis so we utilized Accrual based P & L's prepared by their CPA. Qualified buyers are encouraged to inquire about generous seller financing. Through February '19 business is up 19% vs. last year.

Detailed Information

Inventory:
Included in asking price
Employees:
48 FT / 4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3,000 square feet building with 1,500 square feet office space. Adjoining 3/4 acre is a fenced yard for storage and work vehicles. Exceptionally attractive building with relatively newer construction on a major road for great access.
Competition:
The county is experiencing significant growth including both residential and commercial. There are only two other good sized roofers within the entire county.
Growth & Expansion:
There are no reasons seller is aware of that with restrict future growth consistent with previous growth.
Financing:
$2,000,000 Down / $1,900,000 for 120 mos @ 5%
Support & Training:
Will train for 4 weeks @ $0 cost. Licensing is a requirement however one of the two partners is willing to stay on to assure the new owner for a successful transition of ownership.
Reason for Selling:
Seller wishes to retire.
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Jim Dunmire

Business Listed By:
Jim Dunmire

Murphy Business & Financial Corporation

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Sponsoring Broker:
Murphy Business

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