Established Roofing Company - Owner Open to Extended Transition
| Asking Price: | $1,250,000 |
| Gross Revenue: | $1,800,000 |
| Cash Flow: | $400,000 |
This opportunity is an ideal situation for an entrepreneur or existing business wanting to grow and expand by gaining an already well-established customer base and relationships, as well as tested and proven processes and procedures.
Located in Southeast Louisiana, our client offers a stable and reputable company that has been in business for over a decade. The company provides residential and commercial roofing inspections, repairs, and maintenance, as well as new construction services.
Since 2020, the company's revenue has averaged just over $1,800,000 per year. Earnings for that same period averaged $400,000. Last year, financial performance was unusually low with no storms (hurricanes) hitting the coast of Louisiana and an unrelated personal injury limiting the owner's involvement for part of the year. Sales for 2024 are expected to be between $1.5M and $2.0M. If a hurricane makes landfall in eastern Louisiana, sales could easily exceed $2.5M. Sales for 2022 were $2.4M with seller's discretionary earnings over $600,000. Hurricanes affecting the area in the last 20 years include Katrina, Rita, Gustav, Ike, and Ida.
The business is operated by an owner with decades of industry experience. He has a flexible attitude towards transitioning the company and is willing to work for a brief or extended transitional period, based on transaction terms, salary, and/or commission.
