Focused on preventative maintenance and repairs,
this commercial roofing company has offered service
for nearly 15 years throughout Connecticut and New
York. They have a repeat and diverse client base,
serving universities, private schools, military facilities,
hospitals, pharmaceutical laboratories, universities,
and a range of municipal buildings. Supported by a
team of over 50 employees, operations include a
Controller, HR Manager, Superintendent, two Project
Managers, three Estimators, one Accounting
Assistant, and 40+ Field Laborers. The owner
remains semi-involved in coordinating field operations
and oversight of internal functions, spending roughly
20 hours per week in the business. The decision to
sell stems from the owners age and as a show of
good faith and long-term commitment, the owner is
willing to carry 20% of the purchase price and stay on
for up to two years. Included in the sale are $1.2
million in assets and over $1 million in working capital,
ensuring a smooth transition and solid financial
footing from day one.
Priced at $6,100,000, 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.