Status: Sold
Established, Fast-Growing, Profitable Roofing Contractor - Listing #: NAPFL001-N107
| Listing No: BBF-966-11107 | |
| Category | : | Construction | SIC | : | 1761 | |
| Detail | : | Contractor Roofing | Price | : | 2,900,000 | |
| County | : | Lee | Down | : | 290,000 | |
| State/Prov | : | Florida | Adj Net | : | 1,150,998 | |
| Country | : | USA | Sales | : | 5,072,122 |
|
***UNDER CONTRACT*** The Company is an incredibly profitable roofing contractor with sustained growth that serves both residential and commercial customers with new installations, re-roofing, and spot repairs. They work on virtually any type of roofing material including shingle, tile, metal, and commercial flat roofs. The Company can also spray silicone on flat roofs to prolong the life expectancy. The majority of customers are individual home and commercial property owners. Strong referral network from real estate professionals, including Realtors, title agents, and property managers. Home builders round out the remaining customer base. |
| Reason for Sale | : | Retirement |
| General Location | : | S.W. Florida |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 20 |
| : | Years Established: 15 Years Owned: 15 Emp FT: 20 Emp PT: 7 Mgrs: 3 | |
| Non Compete | : | Miles: 5 Years: 100 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | M-F 7 AM to 3 PM |
| Skills/Licenses | : | CCC FL Roofing License |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source | Annualized | Tax Return | Tax Return | |
| Year (Cash Flow) | 2021 (N) | 2020 (N) | 2019 (N) | |
| Gross Revenue | 5,072,122 | 3,382,001 | 2,905,140 | |
| Cost of Goods | 3,497,003 | 2,241,760 | 1,915,099 | |
| Gross Profit | 1,575,119 | 1,140,241 | 990,041 | |
| Expenses | 754,405 | 690,567 | 674,808 | |
| Net | 820,714 | 449,674 | 315,233 | |
| Owner Salary | 71,117 | 73,385 | 79,762 | |
| Benefits | 80,112 | 15,398 | 32,178 | |
| Interest Expense | 1,730 | 7,048 | 10,173 | |
| Depreciation | 51,415 | 47,865 | 54,967 | |
| Other | 125,910 | 0 | 0 | |
| Owner Benefit | 1,150,998 | 593,370 | 492,313 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 61,000 | Y* | ___________ | 0 | N* |
| F F & E | 303,000 | Y* | Total Assets | 364,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 2500 | Square Footage: 1652 | Building Type: Flex Space |
| Terms & Options: Long term lease available | Expiration Date: 6/1/2022 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 2,900,000 | Down Payment | 290,000 | |
| Working Capital | 100,000 | Loan/Assumable | 0 | |
| Loan Fees | 105,000 | Loan/Seller | 0 | |
| Closing Costs | 5,000 | Loan/Other | 2,820,000 | |
| Total | 3,110,000 | Total | 3,110,000 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Other | - Amt: | 2,820,000 Mos: | 120 Rate: | 5.75 Mo Pmt: | 30,954.92 |
| FRANK CAMPOAMOR | Office | : | (239) 849-9334 | |
| ASSOCIATE | Fax | : | ||
| Home | : | (239) 404-9557 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 404-9557 |
| 999 VANDERBILT BEACH RD. STE 200 | ||||
| NAPLES, FLORIDA 34108 | : | fcampoamor@sunbeltnetwork.com | ||
| USA | Home Page | : | sunbeltofflorida.com |