Highly profitable and highly respected Roofing Specialist in PRIME West Los Angeles. This company has a stellar reputation and services some of the most affluent areas of West Los Angeles for both commercial and residential properties. In business for over 30 years, this company specializes in providing various types of roofing installations, roofing repairs and offers roofing maintenance plans. Property types range from Commercial to Apartment Buildings to high-end single-family homes. Most of the single-family homes are high end and owned by high-net-worth individuals to celebrities in various prime West Los Angeles communities such as Pacific Palisades, Beverly Hills, Malibu, Brentwood and Santa Monica to name a few. The company services all roof types and keeps current with the latest trends and technologies being used in the Roofing Industry. This company has a stellar reputation in the industry and deals with clients directly and works with some of the top GCs in the area as their go to roofing specialist. The history of properties that this company has worked on over the years in very impressive.
Revenue over the last several years has ranged from $1.4M - $1.7M and the current fiscal year ending June 2021 finished at $1.6M even with all the issues around Covid and supply chain issues. Cash flow has averaged $360K - $490K. There is also a healthy pipeline of work or work in progress under contract. The current pipeline of jobs is very healthy and includes more commercial jobs at higher margins. The asking price includes a large amount of furniture, fixtures, and equipment plus vehicles. 12 trained employees including several supervisors are in place. Current owner oversees the business as a manager. Seller will provide long term training as necessary as well as seller finance for a qualified buyer with a significant down payment. Buyer will need to qualify for a C-39 Contractor’s Roofing License. The business can also be relocated anywhere in the greater Los Angeles area. SBA finance is available for a qualified buyer with industry experience and Seller will consider seller finance with a significant down payment for a qualified buyer.
According to industry stats, Los Angeles is considered the second largest construction market in the U.S. Residential and commercial property owners are expected to invest heavily in improvements. Industry experts expect the market to remain strong and stable into the future for several reasons including the fact the most homeowners are remodeling their existing home rather than moving due to the shortage of inventory as well as other factors. Commercial property owners and apartment building owners are also trending towards improving their properties to compete with other properties and maintain their properties for long-term ownership. This is a unique opportunity to purchase a 30 + year old roofing company with a stellar reputation, servicing a prime area in West LA with room for growth and a healthy pipeline of contracts in place.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.