Maintenance Of Large Campus Roofs: Repeat Client Base In New York City For Sale

In 2024, there is already $12M in backlog and $6.5M
in work in progress for this commercial roofing
business. Their loyal client base is all referrals or
repeat, consisting of hospitals, pharmaceuticals,
military, universities, private schools, government
(schools, town halls, police, fire), government
agencies, and national retail – there is no storm
chasing. With the purchase of this company, a buyer
would receive $3.3M in assets, with $2.2M in Working
Capital in addition to $630K in equipment and 16
vehicles. Their well-developed team of 51 is made up
of 1 Controller, 1 HR Manager, 1 Superintendent, 2
Project Managers, 3 Estimators, 1 Accounting
Assistant, and 42 Laborers. The owner is willing to
carry up to 10% of the price, plus roll equity of 5% and
has offered to stay on board for 1-2 years, showing a
vested interest in the ongoing success of the
company. The owner coordinates with the Controller
& Superintendent, along with overseeing banking. He
is confident that the Controller & Superintendent are
qualified and capable of operating the company.
Priced at $6,650,000, this company is poised for a
seamless transition. The business operates out of a
16,000 sq. ft. facility with 4,000 sq. ft. of office space.
Currently there is no marketing or outside sales taking
place, and there is a lot of untapped potential on the
solar side of the business, which will greatly improve
revenues and profit margins. Most of their projects are
completed in less than one year, services are varied
including, covering membrane roofing, metal roofing,
sheet metal, and solar installation and repairs.