Highly Profitable Roofing Business - No need to get on the roof and no experience necessary!
Projects include new roofs, roofing repairs, gutters, siding, and other associated work that falls under homeowner insurance claims. A majority of projects completed involve insurance claims.The business has one owner, and there is one additional full-time employee. The owner’s duties include Sales/Marketing, general business operations, ordering supplies, estimating bids, and project supervision. The employee’s duties include invoicing, A/R, customer/ insurance communication, and scheduling. It is important to emphasize that the owner believes the business is not dependent upon him personally and a new owner should experience the same success so long as he/she is willing to be personable and demonstrate competency. The owner will personally introduce the new owner to all of the business relationships.
This business is very attractive to someone looking to break into a first business. The accounting, books and records are extremely clean.
There is no prior roofing experience needed to operate this business, however, ideal candidates who may have an interest in purchasing this roofing business might possess the following: a general knowledge of construction or roofing, general business management skills, and roofing/construction sales skills, roofing/construction supervisor or management background. Also, people such as firefighters, coaches, teachers, and anyone who has lots of connections in the area would be a good fit as well. Once you meet the owner, he is sure you will feel comfortable about his ability to pass the torch on and teach you everything you need to successfully operate the business. Important to note, the owner had no prior roofing experience prior to starting this roofing business, and was taught by a mentor.
Financing: With a 50% down payment (approximately $250,000) Seller is willing to provide financing for 3 years. The fact the seller is willing to finance 50% should provide confidence to a Buyer that the Seller is going to do the absolute best job possible to provide a smooth, successful transition.
In addition, the business may be eligible for an SBA Loan if the buyer has specific industry experience. With an SBA Loan, it is possible that only approximately $50,000 down payment would be required.