Schedule a Call
General Business Information
Listing Type:
Exclusive Right of Sale
Price:
$650,000
Down Payment:
$78,000
Category:
Construction
Subcategory:
Contractor Roofing
County:
St. Lucie
State/Prov:
Florida
Country:
United States
Sales:
$2,175,830
SDE:
$449,509
Description of Business
Great opportunity to own a profitable, reputable roofing business situated in Florida that is experiencing phenomenal growth in 2023. With a down payment of just $78K, not only do you secure this business, but you also get a whopping $100K in working capital back on the day of closing!
Roofing is a recession-resilient industry - a haven of security amidst economic fluctuations. While consistently performing with steady numbers in the past, the current owner has overseen a start to this year that has the business on track to generate over $2.1M in revenue, and an owner benefit that is set to double last year’s number (the owner benefit for 2023 is on track to reach $449k, with 2022 finishing at $224k). The business still has further room to grow, and with the right vision and strategy, the sky's the limit.
Established over a decade ago, this business boasts a stellar reputation for quality craftsmanship – a name known and trusted across their market.
One of the unique aspects of the Floridian market is that many local insurance companies require people with a roof more than 15 years old to have it replaced before renewing their insurance.
The current owner, who works only 30 hours per week, is willing to hold the license for a year. Additionally, an employee already holds a GC license and could obtain a roofing license, providing two reliable sources to qualify the business out of the gate.
This is a rare and exciting chance to acquire a turnkey operation in a rapidly growing market, offering the perfect blend of stability, potential, and lifestyle. If you're ready to take on this lucrative venture, we'd love to hear from you.
Listing Details
Location:
East Central Florida's space coast.
Organization Type:
Sub-S Corporation
Hours of Operation:
Monday - Friday 7a - 6p
Years Established:
10
Employees FT:
6
Amount of Hours Owner Works:
30
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
2023
$2,175,830
$1,027,714
$1,148,116
$752,660
$395,456
$45,269
$3,218
$0
$0
$5,566
$449,509
2022
$2,022
$964,106
$695,435
$509,566
$185,869
$26,000
$3,218
$591
$4,025
$5,288
$224,991
2021
$1,548,699
$1,011,452
$537,247
$339,388
$197,859
$26,000
$3,218
$4,687
$39,731
$5,288
$276,783
Assets Included in Sale
Other:
$0
FF+E:
$95,000 Included
Total Assets Included:
$95,000
Lease Information
Monthly Rent:
$2,175
Expiration Date:
2023-12-10
Square Footage:
warehouse 1,000 sq ft | office 500 square foot
Terms and Options:
5-year lease and 5-year option
Building Type:
warehouse + office space seller recommends new owner leasing two of the warehouses
Summary
Reason for Sale:
This seller is ready to retire.
Training and Support:
The seller agrees to work in the business at no compensation for a period of 30 days, in
order to familiarize the Buyer with the Business.
Non Compete:
The seller agrees to sign a non-compete agreement for 3 years within a 50 mile radius of the business.
Owner Qualifications:
Great opportunity to own a profitable, reputable roofing business situated in Florida that is experiencing phenomenal growth in 2023. With a down payment of just $78K, not only do you secure this business, but you also get a whopping $100K in working capital back on the day of closing! Roofing is a recession-resilient industry - a haven of security amidst economic fluctuations. While consistently performing with steady numbers in the past, the current owner has overseen a start to this year that has the business on track to generate over $2.1M in revenue, and an owner benefit that is set to double last year’s number (the owner benefit for 2023 is on track to reach $449k, with 2022 finishing at $224k). The business still has further room to grow, and with the right vision and strategy, the sky's the limit. Established over a decade ago, this business boasts a stellar reputation for quality craftsmanship – a name known and trusted across their market. One of the unique aspects of the Floridian market is that many local insurance companies require people with a roof more than 15 years old to have it replaced before renewing their insurance. The current owner, who works only 30 hours per week, is willing to hold the license for a year. Additionally, an employee already holds a GC license and could obtain a roofing license, providing two reliable sources to qualify the business out of the gate. This is a rare and exciting chance to acquire a turnkey operation in a rapidly growing market, offering the perfect blend of stability, potential, and lifestyle. If you're ready to take on this lucrative venture, we'd love to hear from you.
Financing Summary:
SBA Lender Pre-Qualified Loan Down Payment...... $78,000 | Term.....10 Years Fully Amortized | Rate.....P+2.50% (10.75% present rate) | Monthly Loan Payment......$9,489 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: $650,000
Down Payment: $78,000
Category: Construction
Subcategory: Contractor Roofing
County: St. Lucie
State/Prov: Florida
Country: United States
Sales: $2,175,830
SDE: $449,509
Description of Business
Great opportunity to own a profitable, reputable roofing business situated in Florida that is experiencing phenomenal growth in 2023. With a down payment of just $78K, not only do you secure this business, but you also get a whopping $100K in working capital back on the day of closing!
Roofing is a recession-resilient industry - a haven of security amidst economic fluctuations. While consistently performing with steady numbers in the past, the current owner has overseen a start to this year that has the business on track to generate over $2.1M in revenue, and an owner benefit that is set to double last year’s number (the owner benefit for 2023 is on track to reach $449k, with 2022 finishing at $224k). The business still has further room to grow, and with the right vision and strategy, the sky's the limit.
Established over a decade ago, this business boasts a stellar reputation for quality craftsmanship – a name known and trusted across their market.
One of the unique aspects of the Floridian market is that many local insurance companies require people with a roof more than 15 years old to have it replaced before renewing their insurance.
The current owner, who works only 30 hours per week, is willing to hold the license for a year. Additionally, an employee already holds a GC license and could obtain a roofing license, providing two reliable sources to qualify the business out of the gate.
This is a rare and exciting chance to acquire a turnkey operation in a rapidly growing market, offering the perfect blend of stability, potential, and lifestyle. If you're ready to take on this lucrative venture, we'd love to hear from you.
Listing Details
Location: East Central Florida's space coast.
Organization Type: Sub-S Corporation
Hours of Operation: Monday - Friday 7a - 6p
Years Established: 10
Employees FT: 6
Amount of Hours Owner Works: 30
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: Yes
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2023
GROSS SALES: $2,175,830
– Costs of Goods Sold: $1,027,714
= Gross Profit: $1,148,116
– Total Expenses: $752,660
= Net Before Taxes: $395,456
ADD BACKS
+ Owner(s) Salary: $45,269
+ Benefits: $3,218
+ Interest Expense: $0
+ Depreciation: $0
+ Other $0: $5,566
TOTAL OWNER BENEFIT: $449,509
INCOME PERIOD, Year: 2022
GROSS SALES: $2,022
– Costs of Goods Sold: $964,106
= Gross Profit: $695,435
– Total Expenses: $509,566
= Net Before Taxes: $185,869
ADD BACKS
+ Owner(s) Salary: $26,000
+ Benefits: $3,218
+ Interest Expense: $591
+ Depreciation: $4,025
+ Other $0: $5,288
TOTAL OWNER BENEFIT: $224,991
INCOME PERIOD, Year: 2021
GROSS SALES: $1,548,699
– Costs of Goods Sold: $1,011,452
= Gross Profit: $537,247
– Total Expenses: $339,388
= Net Before Taxes: $197,859
ADD BACKS
+ Owner(s) Salary: $26,000
+ Benefits: $3,218
+ Interest Expense: $4,687
+ Depreciation: $39,731
+ Other $0: $5,288
TOTAL OWNER BENEFIT: $276,783
Assets Included in Sale
FF+E: $95,000 Included
Other: $0
Total Assets Included: $95,000
Lease Information
Monthly Rent: $2,175
Expiration Date: 2023-12-10
Square Footage: warehouse 1,000 sq ft | office 500 square foot
Terms and Options: 5-year lease and 5-year option
Building Type: warehouse + office space seller recommends new owner leasing two of the warehouses
Summary
Reason for Sale: This seller is ready to retire.
Training and Support: The seller agrees to work in the business at no compensation for a period of 30 days, in
order to familiarize the Buyer with the Business.
Non Compete: The seller agrees to sign a non-compete agreement for 3 years within a 50 mile radius of the business.
Owner Qualifications: Great opportunity to own a profitable, reputable roofing business situated in Florida that is experiencing phenomenal growth in 2023. With a down payment of just $78K, not only do you secure this business, but you also get a whopping $100K in working capital back on the day of closing! Roofing is a recession-resilient industry - a haven of security amidst economic fluctuations. While consistently performing with steady numbers in the past, the current owner has overseen a start to this year that has the business on track to generate over $2.1M in revenue, and an owner benefit that is set to double last year’s number (the owner benefit for 2023 is on track to reach $449k, with 2022 finishing at $224k). The business still has further room to grow, and with the right vision and strategy, the sky's the limit. Established over a decade ago, this business boasts a stellar reputation for quality craftsmanship – a name known and trusted across their market. One of the unique aspects of the Floridian market is that many local insurance companies require people with a roof more than 15 years old to have it replaced before renewing their insurance. The current owner, who works only 30 hours per week, is willing to hold the license for a year. Additionally, an employee already holds a GC license and could obtain a roofing license, providing two reliable sources to qualify the business out of the gate. This is a rare and exciting chance to acquire a turnkey operation in a rapidly growing market, offering the perfect blend of stability, potential, and lifestyle. If you're ready to take on this lucrative venture, we'd love to hear from you.
Financing Summary: SBA Lender Pre-Qualified Loan Down Payment...... $78,000 | Term.....10 Years Fully Amortized | Rate.....P+2.50% (10.75% present rate) | Monthly Loan Payment......$9,489 Small Business Administration financing is subject to the qualification of individual Buyers. This business has not directly been reviewed by the SBA.
LISTING BROKER