$18M in Backlog: Commercial Roofing w/60% Repeat Clients

This 100% commercial roofing company has $18M in backlog (committed contracts), with 60% repeat clients! With a prime location in Akron, Ohio, they provide maintenance & repair work (60%) and new builds (40%) for their clients within a120-mile radius. The large, well-established and trained team of 25 admin staff and 60 metal workers & craftsmen self-performs all of the work from start to finish. Included with the sale of the business is over $6M in assets, including $3.65M in vehicles & equipment and $40K+ in inventory. 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 $16,500,000 a 10% down payment of $1,650,000 returns $1,509,744 in the first year after debt payments. The current owner is selling as part of his retirement strategy. Though he 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. This established business comes with a loyal client base, an experienced team of industry experts, and a reputation that keeps word of mouth marketing effective all year round! New ownership can expect to continue this business’s recent growth streak without investing excessive resources into expanding opportunities.