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Opportunities

Maintenance of Large Campus Roofs – Repeat Client Base

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

CASH FLOW
$1,537,646

Specifications

  • Price
    $6,650,000

  • Revenue
    $16,786,322

  • Cash Flow
    $1,537,646

  • Location
    Fairfield County, Connecticut

  • Service Area
    Western Connecticut, lower Hudson Valley, and the 5 boroughs of NYC & Long Island

  • Reason for Sale
    Approaching retirement

  • Employees
    71: 11 office staff (9 FT, 2 PT) + 60 FT field employees

  • Equipment
    $3,497,132

  • Intangible Assets
    Well-established relationships with private customers, word-of-mouth referrals, extremely diversified client base, considerable repeat business with general contractors, construction managers, and owners

 

In 2024, there is already $8.3M in backlog and $18M 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 $3.2M in assets, with $1.9M in Working Capital in addition to $760K 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.

 

Purchase Price:

$6,650,000

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Bank Loan Needed: $

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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
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Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
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Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
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Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.