Asking Price: NEGOTIABLE
Sales: $11,996,995
Assets: $820,000
FF&E: $20,000
Inventory: $0
AR: $800,000
Cash Flow to Owner: $1,557,382
Business Description: The Company is a 20+ year old well-established insurance-focused residential reroofing contractor providing roof replacement, roof repair and storm damage restoration in the Dallas Fort Worth Metroplex. Their primary market (99%+) is insurance replacement residential customers. Typical additional turnkey replacement services provided during roofing include gutters, windows and screens, garage doors, stucco repairs, general exterior painting, fence/pergola staining, chimney, skylights, awnings, interior painting. Customers are in the greater Dallas Fort Worth Metroplex (including surrounding counties) and estimated as approximately 70% Tarrant, 20% Dallas and 10% all other counties (eg Collin, Denton, Parker, …).
GAME CHANGER: Effective 9/1/2019, homeowners could no longer take advantage of a “free roof” under a new law that went into effect. Texas House Bill 2102 made it clear that it became illegal for a contractor or roofer to waive an insurance deductible; roofing contractors who offered to waive any part of a homeowner’s deductible on their property insurance policy could face jail time. The value proposition for homeowners CHANGED: “You are going to pay the same amount (your deductible); so, why use a fly by night, storm chaser roof company, when you can use a well-established, highly reputable, guaranteed company.”
They are a leading provider of inspections, repairs and installations of roofs and gutters for residential properties across the greater Dallas Fort Worth Metroplex. The business has built an excellent reputation with honesty, professional no-pressure sales, superior customer service, quality-reliable installation, word of mouth and repeat/referral customers. The seller states that they have excellent books and records and can prove all sales-expenses.
The Company relies on its sales subcontractors who bring decades of experience in the roofing industry and strong relationships with the community, insurance and real estate professionals. These personal relationships, along with the frequent hailstorms in North Texas, allow the Company to enjoy a reoccurring stream of revenue. Additionally, the Company has developed a strong reputation with both homeowners and key referral sources, by delivering their reroofing services in a prompt and professional manner. The owner estimates that 99%+ of the Company’s work is insurance driven, allowing the Company to take advantage of pre-set rates on its projects with large locked-in margins. Additionally, as a result of the Company’s operating structure, the business has a dedicated team of sub-contractors.
The owner feels that a major advantage over competitors is the experience, professionalism and seniority of their loyal, dedicated subcontractors. The Company’s sales subcontractors handle all parts of the process from job acquisition, customer interaction, payments and post-job satisfaction. These long-standing relationships minimize the owner’s direct involvement. In fact, the owner does not work directly with customers or insurance adjusters. The sales subcontractors are incentivized to ensure that their customers are satisfied, and the Company is paid promptly & in full.
The Company’s estimating subcontractors handle all aspects of the insurance claim. They are highly experienced, professional, polite and smart. They meet the insurance adjuster, inspect the roof, demonstrate damage and provide justification for replacement. They NEVER try to get insurance companies or adjusters to pay for more than the fair, legitimate repair claim. They use the same tools/software as the insurance adjusters.
Additionally, all field workers are dependable, reliable subcontractors with pre-negotiated price agreements in place prior to beginning work. They are handled through one subcontracting company and supply labor, vehicles, trailer, insurance, …
The owner does not work directly with customers or insurance adjusters. The owner’s role is primarily overseeing this Residential Re-Roofing Contractor for Sale, ordering materials from wholesale suppliers, scheduling jobs with the installation contractor who installs the job and paying invoices. The owner typically handles all communications via texts and emails. The owner typically works ~1 hour/day in January and 6-7 hours/day (NO WEEKENDS) during a busy installation month (eg approximately 5-30 hours per week, depending on season).
The crews are professional and are a major asset to the company. Customers are happy with the service and committed to using the company. The owner can be replaced by a hard-working owner who is dedicated to the company, or by hiring a general manager.
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The company receives repeat business and referrals from an estimated 100+ realtors and insurance professionals, plus a 5,000+ estimated installed base of customers (4,000+ reroofs and 1,800+ roof repairs). Leads are generated from vehicle signage, homeowner associations, neighborhood associations, realtors, insurance agents and the company website. However, the business pays for very little advertising. The owner estimates that the business is operating at 30-40% capacity and feels that the business could grow MUCH faster by adding salespersons and scaling into other geographical markets, focusing on residential roof insurance replacement.
The owner estimates that the typical job takes approximately 1-2 days to install and totals approximately $40,000+/-. The number of customers varies per year and was ~311 roof replacements in 2024 plus repair jobs. The customer base is diversified with the largest customer estimated at 1.3% of total sales (varies by year) and the top 10 customers typically generating approximately 8.5% of total sales. Warranty service calls are rare due to their industry-superior installation methods and customer service. In fact, the company has had many repeat and referral customers for 15+ years.
Insurance-focused Residential Re-Roofing Contractor for Sale
Facilities: The business is home-based and simply requires space for an office with a few file cabinets. Customers NEVER go to the office.
Competition: The business attracts customers from the Dallas Fort Worth Metroplex and surrounding areas (but focuses on Fort Worth and surrounding area). The owner feels that the industry is very competitive. Most companies have 1 to 3 crews (4 to 18 employees) and may offer both residential and commercial roofing services. Despite the presence of competitors, the business has continued to thrive and can further grow with marketing and expanding to adjacent markets.
Growth & Expansion: The seller has used an excellent reputation with honesty, professional no-pressure sales, superior customer service, quality-reliable installation, word of mouth and repeat/referral customers to build the business. The company receives repeat business and referrals (all unpaid) from an estimated 100+ realtors and insurance professionals, plus a 5,000+ estimated installed base of customers. Leads are generated from vehicle signage, homeowner associations, neighborhood associations, realtors, insurance agents and the company website. However, the business pays for very little advertising.
A new, energetic owner can further increase sales & profits in many ways: a) expand (scale) into other geographic markets, focusing on residential roof insurance replacement, b) offer residential new roof construction, c) offer residential multi-family roof repair/replacement, d) offer residential multi-family new roof construction, e) offer commercial roof repair/replacement, f) offer commercial roof new construction, g) implement office automation/software.
Support & Training: Seller will train buyer for 4 weeks included with the purchase price. Seller is willing to provide additional training at mutually agreed compensation for a finite period.
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Reason for Selling: Retirement.
Purchase Price: The asking price for the assets of the business is NEGOTIABLE. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller. All financing is to be personally guaranteed by the individual principals of a prospective purchaser. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include Net Working Capital valued at $800,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $20,000. The price will be adjusted for actual Net Working Capital as of the sale date.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.
ALL STATEMENTS, FIGURES, AND VALUES ARE SUBJECT TO A PROSPECTIVE PURCHASER’S DUE DILIGENCE. THE INFORMATION FURNISHED BY M&A ADVISOR ABOUT THE BUSINESS AND ITS FINANCIALS HAS BEEN PREPARED BY OR IS BASED UPON REPRESENTATIONS AND INFORMATION SUPPLIED BY THE SELLER. ADVISOR HAS MADE NO INDEPENDENT INVESTIGATION OR VERIFICATION OF SAID INFORMATION.
For information, reference Residential Re-Roofing Contractor for Sale 20511 and contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC
Phone: (817) 467-2161
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KEYWORDS: apartment rehabilitation CapEx roofing gutter painting HVAC electric trade plumbing sewer concrete multifamily tile floor paint asset property management disaster recovery Sell my Residential Re-Roofing Contractor for Sale
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During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, Jeff has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and first-time buyers. Jeff establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. Jeff exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
Adam Noble Group has multiple M&A and business broker specialties: Manufacturing, Defense Industry, Oilfield services, Construction trades, Craft Breweries, Partnership Buyouts, Manufacturing, Service, and Wholesale Distributors.
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