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Excellent profit margins! This specialty trade roofing contractor provides installation, maintenance, and repair services for residential and commercial structures. Primary services include damage inspections, insurance claim support, and repairing or replacing existing roofing. Currently, 90% of revenue is derived from the sale of roof repair and replacements to residential property owners. Meanwhile, commercial only represents 5% of sales. Another 5% of revenues come from residential clients for the sale of painting, fencing, siding, deck staining, gutter repairs, etc. which are sold to residential property owners. According to the owner, an opportunity to expand into this market is available. With its broad range of services, marketing efforts focus on targeting homeowners and businesses within Colorado Springs and the surrounding areas. Revenues have been increasing on average of 42% over the past 3 years, due to poor weather conditions, damaging over 100,000 roofs in the area. Last year, total revenues exceeded $4 million with an adjusted EBITDA over $1 million.
The company has a proven track record, supported by its longstanding reputation it maintains with its customers. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Owner financing may be negotiable for the right buyer. Please contact IAG for full details, including location specifics.
The company operates from a 1,200 square-foot leased facility with two offices. The term of the lease is for two years, ends January 2019, with options to renew.
While the owners is approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.
Owner financing will be negotiable for the right buyer.
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