Roofing, Replacement, Repair & Maintenance Roofing Company

Business Activity: The company is a green-certified holistic day spa that offers beauty treatments, massages, waxing, facials, pedicures, body wraps, and scrubs.

History: The Owner started the business on a part-time basis, roofing homes for family and friends.  In 1992, the owner had so much business that he quit his job and started the Company. With no formal sales and marketing program the company has grown solely by referral for the past 30 years.  The owner is retiring and as part of the transition will stay on for 30 days as part of the purchase price and if needed will entertain an employment agreement for up to six (6) months.  

 The Company has two full time crews with foreman and an office support staff.  A new owner would need to find new office space (approximately 800 feet) to accommodate the staff.

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 SALES AND SELLER’S DISCRETIONARY CASH FLOW: (A death in the family in 2023 caused a one-time drop in profitability)

Marketing Strategy: The Company has grown organically over its 30-year history and has relied on its past customers for referrals and its reputation in the market.  The company has no website or advertising.  

‍Furniture, Fixtures, and Equipment: The purchase price includes all on-site furniture, fixtures, and equipment.

Days & Hours:  Monday – Friday 8:30 a.m.to 5:00 p.m.   

Employees: The Company has two office staff, two complete crews with experienced foreman and the owner. 

Facilities: The business is operated out of a home office.  A new buyer would need to secure an office of approximately 800 feet.  That expense is represented in the financials  

Reason For Sale: The owner is in his mid-60’s and would like to retire.

Terms: The asking price is $1,250,000. This is an SBA transaction with a Buyer’s cash infusion of $125,000 and commercial lending of $1,125,000 plus SBA Fees. The SBA loan is for 10 years at an interest rate of 8.5% (subject to market rates) with a monthly payment of approximately $13,948.

‍Initial Investment: The buyer will need to have approximately $140,000 for the following acquisition costs:

Down Payment                            $125,000

Bank and Closing Costs            $10,000

Miscellaneous                             $5,000

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‍Directions: Contact Brent Freeman for more information at (503) 233-8600, Extension 2 or e-mail brentf@thecbbgroup.com.

No additional information will be released until the buyer has been pre-qualified by the Broker.

NOTE: THE BROKERS HAVE MADE NO INVESTIGATION OR VERIFICATION OF THE INFORMATION PRESENTED HEREIN

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