Solar Installation & Roofing Company

(Dave Adams Roofing & Solar) The seller was referred to one of our Brokers by another seller who had a great experience with us. The owner of the business had worked for over 30 years and was ready to retire and move to Florida to spend more time fishing. We had a couple of offers and then received a full-price offer of over 3X cash flow from another roofing and solar installation company that was looking to expand via acquisitions. The buyer only needed to put down 5% of the purchase price with SBA financing because he was already in the business, and this was an add-on to his existing business. The seller received almost all of the purchase price at closing and, as per SBA financing rules, needed to hold a small note to ensure that they stay on after the sale for a transition period before he goes fishing!