Reroofing & Commercial Roofing Maintenance with 80+ Employees

Their client base consists of general contractors and developers within a 120-mile radius of Akron, OH. This fully commercial roofing business has a client base made up of 60% repeat clients and they already have $18M in contracts set. In addition to this backlog of contracts, the business has over $6M worth of assets including vehicles, equipment, office assets, and inventory. They have a large and skilled team of over 80 people including 25 administrative staff and 60 metal workers which allows them to self-perform all of their work from start to finish. Having been open for over 30 years, this business and team have been able to acquire an excellent reputation with their clients and have established profitable partnerships in their community and surrounding areas. Though the owner 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. 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 $16,000,000 a 10% down payment of $1,600,000 returns $1,479,808 in the first year after debt payments. The current owner is selling as part of his retirement strategy.