Are you looking for a new business opportunity? Or maybe you’re already in the roofing industry and you’re considering starting your own company. Either way, you might be wondering if it’s worth it to purchase an existing roofing company. Here are some things to consider that may help you make your decision.
- The roofing industry is growing.
There’s no doubt about it, the roofing industry is booming. It’s projected to grow by 3% every year through 2021.* That means there’s plenty of work to go around, and owning your own company can give you a chance to get a piece of that pie. Not to mention, as the industry grows, so does the potential for profits.
- You can get a head start on the competition.
When you buy an existing roofing company, you’re buying its reputation, clientele, and team of employees. That means you’ll have a leg up on the competition when it comes to winning new business. And since your company will already be established, you won’t have to waste time and money on marketing and advertising to try to attract customers – they’ll already be coming to you.
- You can take advantage of existing relationships.
If you purchase a roofing company that’s been in business for a while, chances are it has established relationships with suppliers and other businesses in the industry. These relationships can be extremely valuable, as they can lead to discounts, exclusive deals, and other benefits that can save you money and help your business run more smoothly.
- You can learn from the previous owner.
If you do decide to purchase an existing roofing company, be sure to ask the previous owner if they’re willing to stay on for some time to help you get acclimated to the business. They can teach you the ropes and show you what has worked (and what hasn’t) in the past. Having this guidance can be invaluable, especially when you’re first getting started.
- It’s an opportunity to build something great.
Starting your own business is always a risk, but it’s also an opportunity to achieve your entrepreneurial dreams. If you’re passionate about the roofing industry and you have what it takes to be a successful business owner, buying an existing company can give you the chance to create something truly special.