Profitable, Growing Roofing Contractor

San Diego, CA (San Diego County)

Seller Financing Available
Profitable Roofing Contractor for Sale in San Diego
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Asking Price: $1,000,000

Cash Flow: $384,000

Gross Revenue: $4,200,000

EBITDA: N/A

FF&E: $230,000

Inventory: $40,000

Real Estate: $850,000*

Established: 1980

*not included in asking price.

Profitable, Growing Roofing Contractor

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Business Description

Profitable and growing Roofing Contractor based out of San Diego in business with same owners for almost 40 years!

Majority of the company's projects include apartment buildings or complexes as well as residential projects. Company is known for its commitment to excellence and customer service. Capable and experienced staff in place. Company enjoys established, long-term relationships and has gained the trust of a few major developers, which has lasted for 25-30 years in some cases.

Annual revenue over $3.5M. The business has been experiencing revenue growth between 10% and 11% annually for a number of years and SDE has been averaging between 7% - 9% annually. 2018 revenues are expected to be higher than 2017. All customers and growth acquired via word-of-mouth with no marketing at all.

Asking price of $1M includes $40k Inventory + $230k in FF&E and Vehicles. Owners are willing to include real estate in sale for additional price.

Owners are ready to retire and will provide training. Owner open to staying on as RMO/RME until buyer obtains contracting license. Excellent opportunity for current roofing business to expand into the San Diego market.

To sign an electronic NDA and unlock full operational details and financials on the company, visit https://goexio.com/roofing-company

Listed by: Lamar Rutherford, Exit Consulting Group. c) 619.333.6296, lamar@exitconsultinggroup.com

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
1,667
Employees:
25-34
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Company operates out of a 1,677 sq. ft. building, which the Sellers own. The building and property is available for purchase with the sale of the business at an additional price. The property is currently valued at approximately $850k. The Sellers believe it makes the most sense for a buyer to purchase the building with the business. However, a buyer will have the option to lease the property if they prefer. A lease rate at fair market rent is included in the financials.
Competition:
Company has successfully weathered economic downturns in the past decades (partly because clients tend to stay in their current buildings during economic downturns and are more likely to re-roof as opposed to move to new construction).
Growth & Expansion:
The owners have never spent a dime on advertising—ever. A purchaser equipped to handle untapped growth in the company could potentially benefit from launching marketing initiatives for the first time ever.
Financing:
10-15%
Support & Training:
Training will be provided, and one of the owners is willing to stay on as the RMO/RME for a specified period of time allowing the new owner to operate under his license while actively working towards obtaining their own license.
Reason for Selling:
Retirement
Business Website:
http://goexio.com/roofing-company
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(from currently available funds)
 
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Lamar Rutherford

Business Listed By:
Lamar Rutherford

EXIT CONSULTING GROUP

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Sponsoring Broker:
John Ovrom

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