This business is an award winning, roofing company serving an area outside of the Seattle metropolitan areas with an established reputation for quality, superior customer service, and fair market pricing.
The three counties served by the business have consistently been three of the fastest growing counties in the state during the last five years. The growth is based on affordable housing, quality of life, and commute proximity to the Seattle metropolitan area.
The company has the knowledge & skill to install and replace composition, wood shake, and metal roofing along with ancillary products like aluminum gutter systems and skylights. Projects completed by the company include re-roofs of existing residential construction (often of a roof prior installed that has lived out its productive life), new construction as the roofer of choice of many builders in the area, and lower rise commercial properties.
The staff of the business consists of between 125 – 135 employees. This staff has the ability to form approximately 35 crews of two to five members for deployment in the field. Ownership fills an executive management and CFO role in the company. This is a retirement sale, with some flexibility existing relating to the time ownership remains to assist with a smooth transition of ownership.
The sale price includes $2,350,000 of accounts receivable (Estimated: $1,500,000) and inventory (Estimated: $850,000). Another way of looking at the price is $7 million plus working capital assets.