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Opportunities

Roof Inspection & Installation: 10 Million in Residential backlog for 2023

2 Locations with 2 General Managers and $2.4M in Receivables!

CASH FLOW
$803,349

Specifications

  • Revenue
    $7,277,202

  • Price
    $2,900,000

  • Account Receivable
    $2,071,453

  • Cash Flow
    $803,349

  • Equipment
    $66,274

  • Employees
    16 including current owners split between two locations – 2 office managers, 5 office staff members, and 7 sales representatives. Labor, bookkeeping, marketing, and insurance work is outsourced

 

 

This residential roofing business has been in service since 2011 and they have $2.4M in receivables! they have 2 locations with their main location in Manassas, VA and the second satellite location an hour away, both locations have a General Manager to ensure smooth individual operations. The services offered include roof inspection and installation, gutter repair, siding, windows, floors, decks, drywall, and storm restoration which are utilized by over 5,000 clients in Virginia, West Virginia, and Maryland. The team consists of 19 employees including 2 office managers, 5 office staff, and 7 sales reps, this roofing business not only has an established chain of command but has also been able to keep their CapEx and liability low by outsourcing all of the labor. Their team works with clients’ insurance companies to ensure that customers get the most out of their claim. The current owner only focuses on the oversite of sales and even with his minimal involvement in day-to-day activities, he is willing to stay on board with the business for 2-3 years post-close to ensure a smooth transition. Coupled with the high levels of customers coming in due to referrals (70%!), and their average online rating of 4.8, this business is primed for growth. The current owner is willing to carry 30% of the $2,900,000 purchase price, to show their established confidence in the company’s ability to continue successfully. A 10% down payment of $290,000 is what Is needed to step into ownership of this projected 10 Million dollar revenue roofing company. In the Northeast U.S., April through September is storm season, which is the busiest time of year for this company. After a hailstorm, there is a 50% chance that a roof will have a leak. They have learned to utilize this information by increasing their marketing to coincide with this optimum business opportunity. Because of this niche market, the business has proven to be pandemic and recession proof. Outside of their already incredible client base, there would be easy expansion into commercial and government work as well.

 

Purchase Price:

$2,900,000

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Years
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Bank Loan Needed: $

Years
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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: $
Yearly Payment to Seller: $
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:
3 year avg cash flow 		$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
3 year avg cash flow 		$
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.