Business Description
GREAT Opportunity
RVA Business Brokers is pleased to bring this mean and lean Home Renovation Company to the Market.
Before you is an incredible opportunity to purchase a highly profitable exterior home renovation company in the greater Roanoke, VA, area. The Business covers all aspects of home and commercial building exteriors: windows, siding, roofing, doors, gutters, guards, and insulation within a 40-mile radius of the greater Roanoke area.
Windows comprise 50% of the business with siding at 40%.
Roofing, a recent addition in 2019, already represents 10% of the business.
Sales increased 8% in 2020 even through Covid restrictions.
Projects average $11,000 and are completed within 6 to 12 weeks of signing the contract.
The owner is the only employee. All others are subcontractors, including the site foreman.
The Business has a fantastic reputation with dozens of 5-star reviews for high-quality materials and a dedication to improving and protecting their customers’ homes and businesses above all else.
Customer reviews, referrals, and non-paid SEO leads generate the highest return on investment. The Seller recommends building on the excellent reputation and devoting more of the advertising budget to the roofing services as a first step in the growth plan.
Investment Highlights
39% Cash Flow in 2021
$11,000 Average sale value
$10,000 Assets, includes 1 vehicle
WIP $300,00 – $400,000
A/R (commercial only) $135,625
Residential pay on completion
17-year history
Room for Growth
Expand online advertising
Expand social media
Emphasize roofing
2021 Gross Sales: $1,065,720
2021 Seller’s Discretionary Earnings: $414,735
2020 Gross Sales: $928,273
2020 Seller’s Discretionary Earnings: $305,681
Asking Price: $1,150,000
Cash Flow: $415,000
Gross Revenue: $1,065,720
EBITDA: N/A
FF&E: $60,000
Inventory: N/A
Rent: $1,800 per Month
Established: 2005
