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Commercial Roofing Company In Ohio For Sale

Ohio, US
Asking Price:
$4,500,000 Furniture / Fixtures included
Sales Revenue:
$2,600,000
Cash Flow:
$1,060,000

In the upper Midwest region of the U.S., a commercial roofing company has established a commanding strategic position in a large metropolitan area, encompassing three major cities. The location itself has offered a robust market for commercial roofing opportunities, driven by a growing demand to service aging buildings in the area.

Financially, the company is on solid ground, with sales ranging between $2 million to $4 million. The business has consistently demonstrated its capability to manage large-scale projects, such as a notable $1.5 million project for a local school system, underscoring its competency in handling significant endeavors that contribute meaningfully to its revenue.

The reputation of the business is another notable strength. Its A+ rating by the Better Business Bureau, alongside a perfect 5-star rating on Google, reflect a well-established trust and credibility with customers. Such a strong reputation has been invaluable in maintaining a loyal client base and has created a solid foundation for attracting new clients into the future.

One of the key attributes of this company is its resilience and adaptability, particularly highlighted during the Covid period. Classified as an essential business, it operated continuously, navigating challenges like supply chain disruptions. The business not only managed to survive during this tumultuous period but also thrived, thanks in part to securing large-scale projects. This resilience is further supported by the long sales cycles the business experiences, with some projects taking up to three years to materialize. This aspect of the business model provides a buffer against the possible threat of economic fluctuations and has contributed to financial stability.

Additionally, the company's relationships with vendors (who love that they pay early) and its skilled workforce are significant assets. The close relationships with primarily two trusted vendor brands demonstrate the company's standing in the industry and potential for exclusive deals, discounted rates, and preferential treatment. Moreover, the presence of factory-trained crews, ready to operate under new ownership, ensures continuity and quality in service delivery.

With its established operations and consistent demand in its service area, the company presents a promising platform for growth and profitability under new ownership. The owners are choosing to exit at this time to spend quality time with family as they draw closer to retirement age.

For more information, including a video Q&A with the owner, financials, SWOT analysis and more, please visit the goexio site and locate the listing. Select "Get Private Access" to sign an electronic NDA & unlock the hidden content.

Property Information

Real Estate:

Lease

Location:

Upper Midwest Region of the U.S.

Premises Details:

The company operates from a leased space in a large warehouse, occupying approximately 1,700 square feet. This arrangement is flexible, as evidenced by their recent shift to month-to-month lease terms.

Business Operation

Reasons for selling:

Owners are close to retirement and would like to spend more time with family.

Employees:
15
Years established:
50

Other Information

Support & training:

Owners are willing to stay on to facilitate a smooth transition. An employee has also been groomed to take over current owners' tasks.

Furniture / Fixtures value:
$314,000 - included in the asking price