Industry: Roofing and Gutters | Location: Littleton, CO
Asking Price: $325,000 | Inventory/FFE: $(Included in Price)
Gross Revenue: $1,249,000 | Cash Flow: $186,000
Lease: None | Real Estate for Sale: None
1) The Potential:
The company has several large and small contracts lined up for the near future, guaranteeing a revenue stream. The 2017 YTD Revenue was $1,249,000. In 2017 it had a seller’s discretionary cash flow of $227,000. The seller paid himself a salary of $123,000 and the company had a profit of $62,000. The seller paid himself an approximate total of $186,000 in combined cash flow.
2) Dependable Name Recognition:
This is a Team Dave Logan, (Approved), roofing and gutter company! This company gets requests for more bids than it currently has the capacity to fulfill. A new owner could easily grow the company and increase profits by hiring more roofing teams.
As the new owner of the company, you will get:
3) A Reliable and Skilled Manager:
The production manager (the seller) has been in the roofing industry for over 25 years. He is skilled at all levels of operations including estimating, dispatch, project management, reading blueprints and more. The manager is willing to stay on with the transition for a year or more. The roofing crews (sub-contractors) are reliable, trustworthy tradespeople, accustomed to being held to the highest standards in the industry.
4) An Impeccable Professional Reputation:
People in the construction industry and affiliated industries continue to hire and recommend this roofing company. As a member of several professional organizations, the company’s solid reputation is one of its key assets. Customer service isn’t just a word; it is what the company does when something doesn’t go as planned. This company never leaves until the client is satisfied.
5) A Strong Online Presence and Reputation:
It has stellar reviews on sites such as Yelp and Google, and on several referral sites. Their ratings range up to 5 stars. They earned an A+ rating with the Better Business Bureau and a Gold Star Award winner from 2009 through 2014. They also have a strong presence on several referral sites. It has a professionally managed website and social media presence.
6) The Background Story:
A booming construction business and high demand for replacement or repair of roofs and gutters in Denver created a space for many roofing companies in the local economy. Traditional roofing companies are small, locally-owned operations. Although companies vie for market share, this company stands out from the pack because of its skill and reputation. As a result, it has grown steadily, and it has the potential for even greater growth under the right leadership.
The owner attributes their success to always leaving the customer satisfied with the timeliness and quality of the projects. This is evidenced with their clients, such as developers and general contractors. The company’s record of accomplishment is their strongest sales tool. The owner built solid relationships with contractors and other key professionals in the industry. After years of nurturing this company, they must sell it for personal reasons. They are looking for the next owner who can run the company while maintaining quality.
7) Are You Ready to Buy and Earn Cash Flow Today?
It takes someone with sound business practices and integrity to build a roofing company into a thriving business with great cash flow. The current owners have done that and are ready to hand the baton off to the next owner. If you have the skills and desire to take the company to the next stage of development and profitability, call today! For more information call 303-290-7449.