Acquisition Opportunity: High-End Roofing Company
Asking: $1,795,000
Gross: $1,900,000
Net: $590,000
SQUARE FOOTAGE: 2 Acres
Extremely profitable roofing company established in 1950 is now for sale as the owners are retiring. This Long Island based residential / commercial roofer specializes in slate roofing, tile, copper, Cedar % also architectural sheet metal roofing. This company also specializes in gutters and leaders, composition shingles and many more services. This company retains a certain niche and market share in the high-end roofing business on Long Island. The scalability of this company offers an extreme amount of growth potential to a new buyer. A perfect new buyer for this company is a roofer, a construction company, someone in the home remodeling business, or a builder. The synergy of this component to add to your existing construction business has unlimited potential. This roofing company has a long track record of excellent profits and customer service. They have a constant wait list and most of their work comes through referrals from high net worth customers. A new owner can step into the role of salesperson and reap the benefits of the sizable seller’s discretionary earnings or can hire a new salesperson/manager and still see generous profits. There are several other roofing companies in the area, but not many like this who hold market-share in this unique sector. This company is always busy and scheduled out for 6 months, sometimes a year out. There are very few companies that provide the service and quality like this one. The owner will stay on as long as needed for an ample transition. Terms to be determined as long as there is a deal in place with an accepted offer. The caveat to this deal is the property is for sale for an additional price, making this the perfect business for a 504 SBA deal or 7A without property. $585k EBIDTA totally bankable
Deal Source / East Coast Business Brokers.com/index.html
If you have any questions or would like to schedule a viewing, call or email Henry Galasso.
Reference listing 12093.
Henry Galasso
516-779-8900