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Full Service Roofing, Maintenance & Snow Removal Co, Many Ways to Grow

Eagle, CO (Eagle County) (Relocatable)

Seller Financing Available
Full Service Roofing, Maintenance & Snow Removal Co, Many Ways to Grow
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Asking Price: $550,000

Cash Flow: $323,000

Gross Revenue: $849,000

EBITDA: $323,000

FF&E: $84,000

Inventory: N/A

Established: 1993

Full Service Roofing, Maintenance & Snow Removal Co, Many Ways to Grow

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Business Description

Lowered from 625K to 550K!Locate Anywhere in the Central Mtns High Profit Margin

The trailing 12 months earnings from September 1 2018 to August 31 2019 were 323K on 849K in revenue. The price of the business was just lowered to 550K which includes everything except his personal vehicles which will be removed from the balance sheet before the closing. The sales price is ONLY 1 ¾ times the trailing 12 months earnings and 2 times the 2 year average earnings.

This company is well established with a great reputation and an A+ Better Business Bureau 5 star rating. They do both residential and commercial roofing. They have mostly recurring revenues and turn down work every week. He has kept the business around $1M in revenues on purpose. A new owner can easily grow this business many ways including just saying yes to more work.

This business would be easy to grow with their reputation, new website, Better Business Bureau A+ rating, and by hiring more employees. He has created a solid base for future sales and growth. The hard work has already been done.

The company will have work waiting for the new owner after the closing. The owner doesn’t do the work himself. He has 2 employees that do the work. This company’s recurring customers are mostly large well-known companies. The majority of their work is custom high end re-roofing, repairs and maintenance. He has decided to do very little new construction. This can be a potential growth area for new owner. This company dominates the roof snow removal business in their market.

Location: The owner works out of his home office. This business can be located anywhere in the Central Mountains. A small warehouse will allow a greater range of services and allow the company to grow.

The Sales Price is currently $550K including all assets except personal vehicles. No construction experience is necessary. He will train you and stay and help for up to 4 months post closing.

Brief Overview and Selling Points:

The company installs all types of roofing, especially high end custom roof systems including fully adhered tapered flat roof systems. This company also averages between $180,000-$320,000+ depending on yearly snow totals, in roof snow removal alone due to their solid client relationships.

They have steady work and expect a great year based on the recent trends. The majority of their work comes from referrals. The new owner will step into a very strong reoccurring cash flow from solid relationships with individuals that refer them work.

The business has $80K in assets including 4 wrapped vehicles that are included in the sale.

Since 1993, they have completed hundreds of new roofs and have never had one complaint they didn’t take care of right away. They are A+ rated with the Boulder BBB with no complaints and have a perfect track record. They also have a stellar worker’s safety history without one claim and they enjoy the lowest insurance and workman’s’ comp rates available due to their “perfect” safety record. The seller will agree to full Reps and Warranties to a solid legal and business standing. This is an S Corp and can be either a stock or an asset sale.

Marketing/Growth: He has grown the business from $0 to $1M in revenue. The seller says, "The new buyer can grow this company by taking on more of the work that is offered and by starting to market the company and their A+ rating.”

The company has a 36% profit margin with is very valuable.

They use only the finest materials and have great relationships with the suppliers which has taken years to develop. They enjoy the lowest costs from a local vendors they have used for many years.

The business has 2 skilled and loyal employees. The main employee has been employed there for 16 years and makes $30/hour. The seller will stay on for several months. This will ensure a comfortable transition of employee, vendor, and customer relationships. The seller has a wealth of knowledge and many ideas to grow the business. In short, he is committed to help the new owner take the business to the next level. He will teach a new buyer the business and allow him/her to use his license until the new owner acquires their own.

The owner works out of his house which gives the new owner a chance to do the same or to get an inexpensive small warehouse. The employees use their own tools and equipment.

Plus, Colorado is the best State in the country to own a business. Colorado is the "#1" fastest growing and strongest economies in the United States, per Money.MSN and Business Insider

Financial Information: Asking: $550,000. He will keep cash and net AR/AP. The business will transfer debt free.

Sincerely,

Jeff Chapman Eisnaugle
Direct 303-905-7607
Office 303-284-7025
Fax 720-524-6482
jce@companybroker.com

This is prepared by Company Broker Group with information provided by the Seller. It was not created by the seller and neither the Broker or the Seller are responsible for its accuracy. Buyers are responsible for their own due diligence. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections. The information contained in this e-mail message is confidential and may be protected from disclosure. Please be aware that any other use, printing, copying, disclosure or dissemination of this communication may be subject to legal restriction or sanction.

Different Brokerage relationships are available which include Seller agency, buyer agency, or transaction – brokerage.

Brokerage disclosure to Buyer or Tenant of Property. Definition of working relationships.

Seller's Agent: a seller's agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty, and fidelity. The agent negotiates on behalf of and ask as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the business/property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.

Buyer’s Agent: a buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of an accident advocate for the buyer. The buyer’s agent must disclose to all potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction. A separate written by a Buyer agreement is required which sets forth the duties and obligations of the broker and the buyer.

Transaction broker: the transaction broker assist the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care and the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction – broker concerning the property or a buyer's financial ability to perform the terms of a transaction and whether the buyer intends to occupy the property. No written agreement is required.

Company Broker Group, LLC, and Jeff Chapman Eisnaugle will be operating solely as a “Seller Agent” in all transactions.

Detailed Information

Location:
Eagle, CO
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location: The owner works out of his home office. This business can be located anywhere in the Central Mountains. A small warehouse will allow a greater range of services and allow the company to grow.
Competition:
This company is well established with a great reputation and an A+ Better Business Bureau 5 star rating. They do both residential and commercial roofing. They have mostly recurring revenues and turn down work every week. He has kept the business around $1M in revenues on purpose. A new owner can easily grow this business many ways including just saying yes to more work.
Growth & Expansion:
Marketing/Growth: He has grown the business from $0 to $1M in revenue. The seller says, "The new buyer can grow this company by taking on more of the work that is offered and by starting to market the company and their A+ rating.”
Financing:
5%
Support & Training:
No construction experience is necessary. He will train you and stay and help for up to 4 months post closing.
Reason for Selling:
The owner is Retiring
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Jeff Chapman Eisnaugle

Business Listed By:
Jeff Chapman

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