Schedule a Call
General Business Information
Listing Type:
Exclusive Right of Sale
Price:
$2,500,000
Down Payment:
$409,000
Category:
Construction
Subcategory:
Contractor Roofing
County:
Orange
State/Prov:
Florida
Country:
United States
Sales:
$4,148,290
SDE:
$950,637
Description of Business
EASY TO OPERATE BUSINESS. The seller does not believe the Buyer needs roofing experience as long as he/she has a lot of business experience. The license is held by a 3rd party who is willing to hold for the Buyer. There is also an employee that is in the process of getting his license, so a roofing license is no issue. 99% of their work is reroofing. They currently do not do roofs through insurance companies so they get a higher price, they are paid quickly and is much easier from a paperwork standpoint. However, marketing with insurance companies would be a great way to grow the business as well as other ideas the Seller is willing to share with a new owner. They have two offices that handle work in multiple counties in Florida. The Seller has had many businesses over the years so he has done a great job creating great standard operating procedures in the business. The business runs very smoothly and they have a great software program and good systems. An employee can already do 90% of what the Seller does and can be trained relatively quickly to do his whole job with oversight from a buyer that has strong business experience. This tends to be a very RECESSION RESILIENT type of business. Great business and it's priced right so it won't stay on the market long.
Listing Details
Location:
Central Florida
Organization Type:
Sub-S Corporation
Hours of Operation:
Monday - Friday 8a - 5p
Years Established:
7
Years Owned:
7
Employees FT:
5
Employees PT:
3
Amount of Hours Owner Works:
50
Is Relocatable:
Yes
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
Yes
May Qualify for a Visa:
Yes
Financial Information
INCOME PERIOD, Year
GROSS SALES
– Costs of Goods Sold
= Gross Profit
– Total Expenses
= Net Before Taxes
ADD BACKS
+ Owner(s) Salary
+ Benefits
+ Interest Expense
+ Depreciation
+ Other $0
TOTAL OWNER BENEFIT
2022
$4,148,290
$2,715,784
$1,432,506
$486,797
$945,709
$0
$0
$2,543
$2,385
$0
$950,637
2021
$3,452,582
$2,423,316
$1,029,266
$504,527
$524,739
$0
$0
$372
$10,011
$5,000
$540,122
2020
$3,273,888
$2,320,684
$953,204
$421,163
$532,041
$0
$0
$1,591
$1,576
$0
$535,208
Assets Included in Sale
Other:
$0
Lease Information
Monthly Rent:
$3,000
Expiration Date:
2024-01-14
Terms and Options:
5 year option / Negotiable
Building Type:
Two locations - both with a warehouse and office.
Summary
Reason for Sale:
The Seller is at a point in life where he wants to take a step back and concentrate his energies on family.
Training and Support:
The seller will work in the business at no compensation for a period of 30 days, in order to familiarize a new owner with the business.
Non Compete:
Three years within a 75 mile radius of the business.
Owner Qualifications:
Roofing License, however, license is already in place for a new owner.
Financing Summary:
SBA Lender Pre Qualified Loan Term...................................10 Years Fully Amortized Rate ...................................P+2.75 % (7.50% present rate) Monthly Loan Payment........................................$30,950 *Down Payment Would Include Working Capital of $150,000 Buyer Down Payment: $ 409,000* Small Business Administration financing is subject to the qualification of individual Buyers. This business has not directly been reviewed by the SBA.
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing Type: Exclusive Right of Sale
Price: $2,500,000
Down Payment: $409,000
Category: Construction
Subcategory: Contractor Roofing
County: Orange
State/Prov: Florida
Country: United States
Sales: $4,148,290
SDE: $950,637
Description of Business
EASY TO OPERATE BUSINESS. The seller does not believe the Buyer needs roofing experience as long as he/she has a lot of business experience. The license is held by a 3rd party who is willing to hold for the Buyer. There is also an employee that is in the process of getting his license, so a roofing license is no issue. 99% of their work is reroofing. They currently do not do roofs through insurance companies so they get a higher price, they are paid quickly and is much easier from a paperwork standpoint. However, marketing with insurance companies would be a great way to grow the business as well as other ideas the Seller is willing to share with a new owner. They have two offices that handle work in multiple counties in Florida. The Seller has had many businesses over the years so he has done a great job creating great standard operating procedures in the business. The business runs very smoothly and they have a great software program and good systems. An employee can already do 90% of what the Seller does and can be trained relatively quickly to do his whole job with oversight from a buyer that has strong business experience. This tends to be a very RECESSION RESILIENT type of business. Great business and it's priced right so it won't stay on the market long.
Listing Details
Location: Central Florida
Organization Type: Sub-S Corporation
Hours of Operation: Monday - Friday 8a - 5p
Years Established: 7
Years Owned: 7
Employees FT: 5
Employees PT: 3
Amount of Hours Owner Works: 50
Is Relocatable: Yes
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: Yes
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2022
GROSS SALES: $4,148,290
– Costs of Goods Sold: $2,715,784
= Gross Profit: $1,432,506
– Total Expenses: $486,797
= Net Before Taxes: $945,709
ADD BACKS
+ Owner(s) Salary: $0
+ Benefits: $0
+ Interest Expense: $2,543
+ Depreciation: $2,385
+ Other $0: $0
TOTAL OWNER BENEFIT: $950,637
INCOME PERIOD, Year: 2021
GROSS SALES: $3,452,582
– Costs of Goods Sold: $2,423,316
= Gross Profit: $1,029,266
– Total Expenses: $504,527
= Net Before Taxes: $524,739
ADD BACKS
+ Owner(s) Salary: $0
+ Benefits: $0
+ Interest Expense: $372
+ Depreciation: $10,011
+ Other $0: $5,000
TOTAL OWNER BENEFIT: $540,122
INCOME PERIOD, Year: 2020
GROSS SALES: $3,273,888
– Costs of Goods Sold: $2,320,684
= Gross Profit: $953,204
– Total Expenses: $421,163
= Net Before Taxes: $532,041
ADD BACKS
+ Owner(s) Salary: $0
+ Benefits: $0
+ Interest Expense: $1,591
+ Depreciation: $1,576
+ Other $0: $0
TOTAL OWNER BENEFIT: $535,208
Assets Included in Sale
Other: $0
Lease Information
Monthly Rent: $3,000
Expiration Date: 2024-01-14
Terms and Options: 5 year option / Negotiable
Building Type: Two locations - both with a warehouse and office.
Summary
Reason for Sale: The Seller is at a point in life where he wants to take a step back and concentrate his energies on family.
Training and Support: The seller will work in the business at no compensation for a period of 30 days, in order to familiarize a new owner with the business.
Non Compete: Three years within a 75 mile radius of the business.
Owner Qualifications: Roofing License, however, license is already in place for a new owner.
Financing Summary: SBA Lender Pre Qualified Loan Term...................................10 Years Fully Amortized Rate ...................................P+2.75 % (7.50% present rate) Monthly Loan Payment........................................$30,950 *Down Payment Would Include Working Capital of $150,000 Buyer Down Payment: $ 409,000* Small Business Administration financing is subject to the qualification of individual Buyers. This business has not directly been reviewed by the SBA.
LISTING BROKER