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Advert Ref: 1366-EJ

Upscale Commercial Residential Roofing Contracting Company For Sale

Long Beach, California - South, United States

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Details: Asking price:$2,500,000; Sales revenue:$3,328,061; Net profit:$700,000; Fixtures value:$329,000; Inventory value:$5,000

Business description: Two solid years of net income at $700,000. Perfect books and records. At a help run business. You need to look closer at this deal.

This company has been serving the Los Angeles metroples for 70 years. The company is diversified between Commercial, Municipal, and Residential roofing business, and has shown a history of growth when other less diversified roofer are struggling. The is two years worth of Municipal bid in the pipeline, thus there is not shortage of new business for a new owner.

Seller will allow Contractors License to be obtained following completion of purchase of the business.

Gross Sales are spread across the following sectors:
-Residential
-Commercial/Industrial
-Municipal Contracts

Geographic range: Los Angeles Basin

The current owner has a full management team, which allows the owner to work less than 20 hours per week. There are three full time crews all headed by experienced foremen. There are three estimators one for each business sector. The business has an experienced and capable office manager who handles all aspects of billings and collections. In the past the owner has taken off for up to, two months in a row and in his absence, the management team has successfully run the company. Because of this strong management team this business can be purchased by someone without construction/building/roofing experience.

Software:
-Estimating program
-Quickbooks

Professional membership in "Prosult" will be passed on to new buyer for 2007. This is a group of non-competing roofing companies who work together to make each other more profitable and productive.

General information: Years established:60 years; Employees: 16 Full Time; Trading hours: Monday-Friday 7-4; Real Estate: Real Property Included; Lease terms:Available for lease or purchase; Location:14,000 sq. ft. building; Support & training:Seller will provide training; Reasons for selling:Retirement; Financing available?SBA Lending Candidate