Metal Roofing, Siding, and Post-Frame Building Manufacturer

Business Description

For sale is a 15-year-old company that manufactures metal roofing and siding and offers post-frame building kits for residential, commercial, agricultural, and equestrian customers. The company has multiple regional locations in the Midwest. Contractors comprise 70% of their sales, B2B sales (lumber yards, home improvement retailers) 25%, and homeowners approximately 5%. Additionally, 80-90% of the customers are returning customers. The business has been growing 15-20% year over year and has massive growth potential both within their existing locations, as well as from new locations getting established. 2023 is looking to be a 30 million dollar revenue year, proving growth outside of any COVID era bump concerns.

70% of the revenue is from metal roofing and siding and 30% from post-frame building kits. The average order value varies by location. As each location ages, the order value increases. For example, the newest location has an average order value of $700, and the original location’s average order value is $3-5K. However, the newest location shows potential of being the second largest location. Altogether the company employs 50 full-time W2 employees, including managers at each of the locations.

2020 2021 2022 2023 TTM thru April 2023 Projected (Newest location growth)
Revenue $17,326,950 $21,002,334 $24,198,250 $24,668,482 $30,000,000
SDE $1,775,662 $2,480,068 $2,013,392 $2,669,847 $3,089,987

Financial Overview

Asking Price: $16,000,000

Revenue: $24,668,482 TTM

Income: $2,669,847 TTM

Multiple: 6x

The listing is either pending or closed so the NDA cannot be signed