Return To Opportunities List

Opportunities

Roofing with Storm Restoration – Pandemic & Recession Proof

Over $5M in backlog – all labor is outsourced!

CASH FLOW
$1,406,331

Specifications

  • Revenue
    $8,116,706

  • Location
    1 location in Manassas, VA and second satellite office 1 hour away

  • Price
    $2,850,000

  • Cash Flow
    $1,406,331

  • Equipment
    $66,274

  • Service Area
    Virginia, West Virginia, Maryland (2-hour radius)

This roofing company with storm restoration services boasted over $1.4M in cash flow in 2021 and has 16 employees in place between two locations on the East Coast, including 2 office managers, 5 office staff, and 7 sales reps.  This full team allows the current owner to focus strictly on the oversight of the sales division.  Even still, he is willing to stay on board for 2-3 years post-close to ensure a smooth transition.  All of the labor is outsourced, allowing this company to see a lower CapEx and liability.  They service largely residential clients (95%) within a 2-hour radius from each location (Virginia, West Virginia, and Maryland).  Services include roof inspections & installation, gutter repair, siding, windows, windows, floors, decks, etc., depending on the customer needs. 

 

In the Northeast U.S., April through September is storm season, which is the busiest time of year for this company. After a hail storm, there is a 50% chance that a roof will have a leak. After being in business for 20+ years, they have learned to utilize this information by increasing their cold call and door to door sales to coincide with this optimum business opportunity. Because of this niche market, the business has proven to be pandemic and recession proof.  Their team works with clients’ insurance companies to ensure that customers get the most of their claim. Coupled with their high levels of customers coming in due to referrals (70%!), their client list of over 5,000 people, and their average online rating of 4.8, this business is primed for growth.  Outside of their already incredible client base, there would be easy expansion into commercial and government work as well.

 

The current owner is willing to carry up to 20% of the $2.85M purchase price, which shows confidence in the company’s ability to continue successfully.  Based on a 2020-2021 average cash flow, a down payment of $427,500 would return $481,751 in the first year after debt payments!  Also included with this purchase is the 10 vehicles needed for the sales team, allowing a new owner to step in and hit the ground running from day one.

Purchase Price:

$2,850,000

$
%
OR
$
%
OR
$
Years
%

Bank Loan Needed: $

Years
%
$
$
$
$
$

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:
2 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:
2 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: %

Attachments

Document Title / Description

This folder is empty.

Access to this Deal Room is restricted

Would you like to access the deal room?

Yes, please

Interested in
this business?

Complete the following information to sign an NDA and see more details!

Already have an account? Log in here.

Click to download NDA form

Print, sign and send to:

210 N 78th St. 2nd Floor
Omaha, NE 68114

Or fax to:

f 402.939.0857

Thinking of Selling?
When selecting an M&A firm, please use the following Scorecard: click here for our M&A Scorecard

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.