Looking for a buyer.
This roof repair and installation company has been around for over 30 years! As experts in their field, this excellent team of 200 workers- including 80 metal workers and skilled craftsman, 12 office support staff, and over 100 W2 workers- has accumulated an excellent reputation in the Akron area as industry leaders. Specializing in commercial roofing services, this business’s revenue is made up of 60% maintenance and repair work and 40% new builds. This client base is currently overrun by a majority of recurring clientele, they make up 70% of sales! Thanks to the flexibility of union availability, they did not have to lay off any of their salaried staff workers. This means that, unlike many other businesses in this industry, they were able to retain their highly skilled workers and leadership team. This helped lead them to their excellent post pandemic revenue of over $16M and an industry leading profit margin over 20%. 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 $15,750,000 a 10% down payment of $1,575,000 returns $1,319,784 in the first year after debt payments. 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 excess resources into expanding opportunities.
Akron, OH, USA
Akron, OH, USA
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