Last Revised: 11/6/19. Posting #: 10249172
Key Words: contractor, roofing, roofs, roofer, roofing installation, roofing contractor, sonoma
Financial Info: Asking Price: $599,000. Some seller financing may be available for qualified buyer. SBA eligible. Annual Gross Revenue: $613,415 (2018); $700K (Jan–July 2019). Seller’s Discretionary Earnings approx. $243,000 (2018).
Profile: Operating in the Napa-Sonoma Counties market for three decades, this roofing installation contractor is noted for its excellent quality with a name that conveys confidence and commands respect. They install ALL types of roofing materials—new construction and renovation/repair/replacement.
The business is being offered for sale for an asking price of $599,000. This includes the name, reputation, market presence, web links, phone number, customer database, vehicles, tools & equipment, employee pool, lease of storage and operations building, etc.
Sales-Gross Revenues in 2018 were $613,415, with Net Profit of $236,489 included in Seller’s Discretionary Earnings (“SDE”) for the husband and wife owners of $242,885. Sales from January through early August 2019 were $702,528.
The business operates from a centrally located storage & workshop building of 2,700 sq. ft. (plus outside parking) at a rent of $2,681 per month, that the new owner can continue with the landlord.
There are five full-time W2 production employees, plus two owners (husband & wife) who also work full time.
The furniture, fixtures, and equipment (“FF&E”) includes ALL the shop tools, site tools, vehicles, equipment, warehouse racks, etc. needed to operate the business. The seller estimates the cost to replace the FF&E to be $150-$200K.
The Transaction: The Asking Price is $599,000. This would be for all the assets of the business including the name, reputation, market presence, web links, phone number, customer database, vehicles, tools & equipment, employee pool, lease of storage and operations building, etc., except for accounts receivable, cash-on-hand, and security deposit. The seller will be responsible for all notes payable (if any) and accounts payable at closing. The seller will consider providing some seller financing for a qualified buyer. The business should be SBA loan qualified. All reasonable offers will be considered.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
Broker: Tim Cunha, J.D. Cal. BRE# 01919755
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Steve brings to his clients a wide-ranging business background with a focus on providing the highest level of customer satisfaction. Steve’s experience includes work in mergers and acquisitions, as well as small business brokerage, finance, business development and sales and account management.
Key Words: steve zimmerman, transworld, transworld business advisors, business broker, roofing, contractor, tour, restaurant, fitness, logistics, warren, morris, bergen, union, hudson, middlesex
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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Profile: Determining a reasonable deposit and appropriate timeline for the various steps involved in a small business transaction can ultimately have a large impact on the sale of a business. BizBenNetwork Manager Jordan Green explains the important role that deposits play in a business’s sale.
Key Words: deposits, escrow, deposit, non-refundable deposit, purchase agreement, attorney, cpa, broker, brokers, buyers, buying a business, due diligence, deal structures, jordan green
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