Profitable Roofing Specialty Work, MN Metro Area

OFFERING
VR Business Brokers, Mergers and Acquisitions is pleased to introduce a profitable Roofing Specialty Work business. The Company’s established 53-year history in the area has allowed them to build strong relationships and trust with its customers and vendors alike.

BUSINESS HIGHLIGHTS
- Contracts and Reputation: Direct contracts with reputable Plumbing and HVAC companies in MN. Over 50 years establishing its reputation in the Twin Cities metro area. Established and stable relationships with independent contractors for hire.
- Customers: No customer concentration issues with no seasonality component as seen in other traditional roofing businesses in MN.
- Continuity of Operations: The Owners remaining in the business post sale with roofing contractor’s license in place.
- Place: Minnesota is ranked in the top 5 states where roofers earn the most money according to Zippia(2).
- Services: Repair and Maintenance services contracted by Plumbing Offers a two-year guarantee program which costs the company <2% of its income, but rather is more of a testament of their products and service level of quality.

INDUSTRY TRENDS
• Employment by roofing contractors increases . Overall employment by roofing contractors changed 4.7% in December compared to a year ago, according to the latest data from the Bureau of Labor Statistics.
• Easing Interest Rates Boost Mortgage Activity- Apr 14, 2023. US mortgage applications rose 5.3% for the week ending April 7, 2023, marking the fifth straight week of increases, according to the Mortgage Bankers Association.
• Industry Forecast. Sales for the US roofing and siding contractors industry are forecast to grow at a 5.03% compounded annual rate from 2022 to 2027, comparable to the growth of the overall economy.
(1) Vertical IQ

Down Payment: N/A

Total Sales: $751,906

Cash Flow: $268,037

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

FFE Included: Yes

Inventory: N/A

Year Established: 1970

Non-Owner Payroll: N/A

Absentee Owner: No

Real Estate: N/A

Real Estate Included: No

Monthly Rent: N/A

Franchise: No

Relocatable: Yes

Reason For Sale:

Personal

Training & Support:

Owner(s) are willing to assist with the transition