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Listing Number: 3881
50 YEAR OLD COMMERCIAL ROOF CONTRACTING BUSINESS
This is a unique opportunity to acquire a 50-year-old Commercial Roofing business. It is a turnkey business operating in an attractive South Florida market. This Commercial Roofing Contractor specializes in Single Ply Membrane roofing.
The business has long tenured relationships with the major General Contractors in South Florida. The vast majority of the Company work is with Public Entities in Palm Beach, Broward and Miami-Dade counties; Target, Walmart, Banks, School Boards of the Tri-County area and Local Municipalities, Shopping Centers and Large Warehouse Developers.
Their facility is located in West Palm Beach in a 3,000 sq. ft. office building with additional 3,600 sq. ft. of warehouse space in a separate building on one acre fenced lot with easy access to the major highways. Very scalable by adding service contracts once offered and hiring a dedicated salesperson to the staff.
The company was challenged between 2020 and 2022 due to supply chain/logistics issues and unable to secure large quantities of materials for big jobs. The company has recovered from this issue since their last fiscal year (September 1 through August 31, 2022)
One partner is looking to retire while the other would stay on with an employment agreement post-closing for six months and up to one year. Several million dollars of contracted WIP/Backlog.
Sellers own the property and will execute a lease with favorable terms. Buyer has the first right of refusal to acquire the land and buildings.
If interested in this Commercial Roofing Business for sale in West Palm Beach, give us a call!
Listing Broker
Patrick-Gagliardi
Chief Operating Officer
Phone: 954-633-7278
Email:
pgagliardi@capitalbbw.com
- Category: Special Trades
- Asking Price: $1,295,000
- Gross Sales: $2,635,160
- Cash Flow: $617,637
- County: Palm Beach
- Area: West Palm Beach
- FFE: $ 164,284
- Inventory: $5,000
- Real Estate: $0
- Employees: 14 - Full-Time 0 - Part-Time
- Facilities: Seller owned two stand alone building on one acre lot
- Relocatable? Yes
- Home Based? No
- Market Notes: There is a High Demand for Roofing Contractors in the State of Florida. Insurance companies will not insure commercial/residential building with roofing materials more than 10-15 years old. Florida is susceptible to storm related weather events and hurricane.
- Growth Notes: By adding a website, a social media presence and a sales person to develop new relationships, referrals and grow the customer base. Expand into the residential roofing business and offering maintenance service contract are other opportunities no currently offered.
- Support Training: 30 days of familiarization at zero cost. One partner may stay on for 6 months, if offered.
- Year Established: 1995
- Financing Terms: SBA pre-approved lending for qualified Buyer with a State Roofing License
- Reason for Selling: Retirement
- Inventory Included: Yes
- Is Franchise No
- Lender Prequalified Yes
- Absentee Owner Yes
- Selling Financing? No
- Is FEE Included? Yes