Florida Roofing Company

Business Description

For sale is a 17-year-old father and son-owned roofing business on the east coast of Florida that offers roof inspections, consulting, repairs, roof replacement, waterproofing, and a maintenance program. The company works with a few general contractors for new construction roofs as well; however, there are no contracts or agreements in place. Nearly all of the customers are for high-end residential roofing requesting roof replacements of steel, tile, cedar, or wallaba shingles. Some roof replacements can cost a couple of hundred thousand dollars, but the average replacement is around $40K. The customers are cash paying with minimal dealings with insurance companies. While sales for the past few years have remained relatively steady, earnings shows fluctuations due to the company switching from accrual accounting to cash accounting method.

All of the business generated has been from word-of-mouth. A new owner could expand the business by introducing advertising, adding additional crews, and expanding the service area.

The company currently rents office and shop space through a separate LLC owned by the current owner. Real estate is available for lease or purchase.

Financial Overview

Asking Price: $2,500,000 + Inventory

Revenue: $5,515,358 (TTM)

Income: $1,582,828 (TTM)

Multiple: 1.58x

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