Maintenance of Large Campus Roofs – Repeat Client Base

New York, NY

Seller Financing Available

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Asking Price:$6,650,000
Gross Revenue:$18,146,275
Cash Flow:$1,795,945
Established Year:2014
BUSINESS DESCRIPTION

$12M in backlog and $6.5M in WIP!

In 2024, there is already $12M in backlog and $6.5M
in work in progress for this commercial roofing
business. Their loyal client base is all referrals or
repeat, consisting of hospitals, pharmaceuticals,
military, universities, private schools, government
(schools, town halls, police, fire), government
agencies, and national retail – there is no storm
chasing. With the purchase of this company, a buyer
would receive $3.3M in assets, with $2.2M in Working
Capital in addition to $630K in equipment and 16
vehicles. Their well-developed team of 51 is made up
of 1 Controller, 1 HR Manager, 1 Superintendent, 2
Project Managers, 3 Estimators, 1 Accounting
Assistant, and 42 Laborers. The owner is willing to
carry up to 10% of the price, plus roll equity of 5% and
has offered to stay on board for 1-2 years, showing a
vested interest in the ongoing success of the
company. The owner coordinates with the Controller
& Superintendent, along with overseeing banking. He
is confident that the Controller & Superintendent are
qualified and capable of operating the company.
Priced at $6,650,000, this company is poised for a
seamless transition. The business operates out of a
16,000 sq. ft. facility with 4,000 sq. ft. of office space.
Currently there is no marketing or outside sales taking
place, and there is a lot of untapped potential on the
solar side of the business, which will greatly improve
revenues and profit margins. Most of their projects are
completed in less than one year, services are varied
including, covering membrane roofing, metal roofing,
sheet metal, and solar installation and repairs.


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
16,000
Employees
51
Facilities
Equipment: $630,342: Including jobsite forklifts, air compressors, generators, safety equipment, boom lifts Vehicles: $501,835: 16 vehicles including 12 trucks, 3 SUV’s, and 1 cargo van FF&E/Software: $130,085 Roofing A/R: $2,603,147 Solar A/R: $190,028 Roofing A/P: $678,762 Solar A/P: $78,576 Working Capital (A/R – A/P): $2,793,175 - $757,338 = $2,035,837 *amounts may vary, based on time of year!
Growth & Expansion
Focus more on the solar side
Financing
10% Buyer Down Payment $665,000 10% Seller Financing $665,000 5% Equity Roll $332,500
Support & Training
1-2 years
Reason for Selling
Retirement
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Jared
Olson
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Jared Olson