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Commercial Roofing with 16 Million in Backlog

30 years established with 70% maintenance work!

CASH FLOW
$3,615,422

Specifications

  • Price
    $14,950,000

  • Revenue
    $17,541,382

  • Cash Flow
    $3,615,422

  • Equipment
    $3,650,000

  • Inventory
    $40,000

  • Down Payment
    10%

 

 

After 30 years in business, this 100% commercial roofing company has over 16 million in backlog and does 70% maintenance work! Their team includes 25 administrative staff members and a combined 60 metal workers and craftsman. The business will use subcontractors on a rare and minimal scale for specialty work. Their client base spans over a 120-mile radius of Erie, PA and consists of exclusively commercial clients, which, coupled with their excellent reputation, has led to their customer pool being made up of 60% recurring clients. Having been open for over 30 years, this business and team have been able to acquire an excellent reputation with their clients and have established profitable partnerships in their community and surrounding areas which keeps word of mouth marketing effective all year round. Though the owner is active in oversight and management, he is willing to stay on for 2 years post-close to not only train & transition, but to help find and train his replacement if the buyer desires. With over $6 million of assets included in the purchase, new ownership can expect to continue this business’s ongoing growth pattern without investing excessive resources into expanding opportunities. They fully self-perform all labor and have an extensive staff and established chain of command.

 

This area is well known for their requirements of union-based employees and businesses for construction or repair work. Thankfully, this business is well intertwined with local unions, and 75% of their current projects come from those established partnerships. While they do some public work with these ties, expanding their partnerships and open bids to include more municipal work would be a huge opportunity for growth. Other opportunities would include expanding into residential work or growing the new installation side of business as their current primary focus is maintenance and repair.

 

Priced at $14,950,000 a 10% down payment of $1,495,000 returns $1,619,957 in the first year after debt payments. The current owner is selling as part of his retirement strategy. 

 

Purchase Price:

$14,950,000

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Years
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Bank Loan Needed: $

Years
%
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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2022 Annualized Cash Flow 		$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2022 Annualized Cash Flow 		$
Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.