business for sale hathaway roofing company anderson … · roofing contractor, who maintains a good...
TRANSCRIPT
Why buy a Roofing Company? “Contractors make anywhere from $30,000 to millions annually but...your average roofing contractor, who maintains a good rep...running an average of 10 crews with 2-3 foreman in there is going to be able to make about $100,000 – 150,000 a year or more.” Jobshadow.com This roofing company was built from scratch; Not only do they have a great reputation, but they have shown 1,000% growth in the last year in the North Houston Metro Area of Texas! They use reputable suppliers and employ loyal, competent contractors as well. A winning combination.
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300TheWoodlands,TX77381
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
BUSINESS OVERVIEW $266,000
Dawn Rogers Office Manager
Pouya Tiraie Business Broker
Rick Stallings, MBA Business Broker
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300TheWoodlands,TX77381
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
WHEN BUYING A BUSINESS, REMEMBER:
Business Strengths overcome Industry Challenges & Business Weaknesses are overcome by Industry Opportunities
The Owners of this Business add the following Opportunities:
Roofing Management Training, Construction Contacts
Strengths Great Reputation
Top Pro Award – . Strong Growth Potential
Solid Relationship with Supplier Loyal & Highly Skilled Contractors
Very Low Capital Costs Relatively Simple Management
Management Flexibility – Off Season Limited Liability Corp
Weaknesses Smaller Business
Seasonal Business Long Hours – In Season
Requires Strong Investigative Skills No Salesmen on Payroll
Opportunities Hurricane Region
Explosive Growth in North Metro Area Small Builders Entering Market Construction Related Referrals
Integration into Construction Projects Expansion into Greater Houston
Challenges More Competitors Since Harvey Fewer Contractors in the Market
Insurers Restricting Roof Coverage Long Product Cycle per Customer
SWOC ANALYSIS (specifically for this business)
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300TheWoodlands,TX77381
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300TheWoodlands,TX77381
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
Profit from IRS Schedule C 3,134$ Interest - Depreciation 12,600 Amortization - Discresionary Expenses
Compensation to Owners 63,299 Meal/Entertainment - Home Office Expense 5,540 Misc. Expenses 15,000
Cash Flows 99,573$
1. Tax Returns will be provided to serious buyers upon the signing of a Non-Disclosure Agreement
Annual Cash Flows For the Year Ending 2018
PRIMARY TERRITORY OF BUSINESS OPERATION
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300TheWoodlands,TX77381
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
Demographic and Income Profile7902 Willowick Dr Prepared by Esri7902 Willowick Dr, Spring, Texas, 77389 Latitude: 30.11854Ring Band: 10 - 15 mile radius Longitude: -95.54561
Summary Census 2010 2019 2024Population 493,927 602,458 661,610Households 164,425 197,569 215,979Families 123,866 149,535 163,715Average Household Size 3.00 3.04 3.06Owner Occupied Housing Units 104,497 126,157 140,515Renter Occupied Housing Units 59,928 71,412 75,463Median Age 31.2 33.0 33.4
Trends: 2019 - 2024 Annual Rate Area State NationalPopulation 1.89% 1.59% 0.77%Households 1.80% 1.55% 0.75%Families 1.83% 1.53% 0.68%Owner HHs 2.18% 1.63% 0.92%Median Household Income 2.78% 2.50% 2.70%
2019 2024 Households by Income Number Percent Number Percent
<$15,000 15,519 7.9% 13,926 6.4%$15,000 - $24,999 15,340 7.8% 14,004 6.5%$25,000 - $34,999 18,171 9.2% 17,069 7.9%$35,000 - $49,999 23,109 11.7% 22,651 10.5%$50,000 - $74,999 36,508 18.5% 38,767 17.9%$75,000 - $99,999 26,953 13.6% 29,664 13.7%$100,000 - $149,999 33,846 17.1% 41,266 19.1%$150,000 - $199,999 12,693 6.4% 17,609 8.2%$200,000+ 15,430 7.8% 21,023 9.7%
Median Household Income $66,255 $75,994Average Household Income $90,422 $104,175Per Capita Income $29,568 $33,900
Census 2010 2019 2024 Population by Age Number Percent Number Percent Number Percent
0 - 4 42,607 8.6% 47,133 7.8% 52,111 7.9%5 - 9 43,397 8.8% 47,448 7.9% 51,334 7.8%10 - 14 42,088 8.5% 47,037 7.8% 50,780 7.7%15 - 19 38,524 7.8% 42,211 7.0% 45,200 6.8%20 - 24 33,495 6.8% 40,868 6.8% 41,582 6.3%25 - 34 75,767 15.3% 95,128 15.8% 107,945 16.3%35 - 44 75,818 15.4% 85,163 14.1% 95,616 14.5%45 - 54 66,631 13.5% 75,379 12.5% 77,266 11.7%55 - 64 44,490 9.0% 64,046 10.6% 65,862 10.0%65 - 74 19,669 4.0% 39,273 6.5% 47,760 7.2%75 - 84 8,508 1.7% 14,285 2.4% 20,762 3.1%
85+ 2,934 0.6% 4,487 0.7% 5,391 0.8%Census 2010 2019 2024
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 280,000 56.7% 331,573 55.0% 358,037 54.1%Black Alone 98,907 20.0% 118,611 19.7% 129,146 19.5%American Indian Alone 3,416 0.7% 3,839 0.6% 4,217 0.6%Asian Alone 32,956 6.7% 44,100 7.3% 50,768 7.7%Pacific Islander Alone 511 0.1% 597 0.1% 652 0.1%Some Other Race Alone 62,300 12.6% 81,426 13.5% 92,719 14.0%Two or More Races 15,837 3.2% 22,312 3.7% 26,071 3.9%
Hispanic Origin (Any Race) 167,099 33.8% 219,002 36.4% 253,390 38.3%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
June 27, 2019
©2019 Esri Page 5 of 6
Demographic & Income Profile
15 Mile Radius
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300,TheWoodlands,TX77381
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
Demographic and Income Profile7902 Willowick Dr Prepared by Esri7902 Willowick Dr, Spring, Texas, 77389 Latitude: 30.11854Ring Band: 10 - 15 mile radius Longitude: -95.54561
AreaStateUSA
Trends 2019-2024Trends 2019-2024
Ann
ual R
ate
(in
perc
ent) 2.5
2
1.5
1
0.5
0Population Households Families Owner HHs Median HH Income
20192024
Population by AgePopulation by Age
Perc
ent
16
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2019 Household Income 2019 Household Income
<$15K7.9%
$15K - $24K7.8%
$25K - $34K9.2%
$35K - $49K11.7%
$50K - $74K18.5%
$75K - $99K13.6%
$100K - $149K17.1%
$150K - $199K6.4%
$200K+7.8%
2019 Population by Race2019 Population by Race
Perc
ent
55
50
45
40
35
30
25
20
15
10
5
0White Black Am. Ind. Asian Pacific Other Two+
2019 Percent Hispanic Origin: 36.4%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
June 27, 2019
©2019 Esri Page 6 of 6
Demographic & Income Profile
15 Mile Radius
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300,TheWoodlands,TX77381
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
Net Worth Profile7902 Willowick Dr Roofing Company Report7902 Willowick Dr, Spring, Texas, 77389 Latitude: 30.11854Ring Band: 10 - 15 mile radius Longitude: -95.54561
2019-2024 2019-2024Summary Census 2010 2019 2024 Change Annual Rate
Population 493,927 602,458 661,610 59,152 1.89%Median Age 31.2 33.0 33.4 0.4 0.24%Households 164,425 197,569 215,979 18,410 1.80%Average Household Size 3.00 3.04 3.06 0.02 0.13%
2019 Households by Net Worth Number PercentTotal 197,569 100.0%
<$15,000 52,938 26.8%$15,000-$34,999 16,022 8.1%$35,000-$49,999 7,236 3.7%$50,000-$74,999 9,796 5.0%$75,000-$99,999 10,577 5.4%$100,000-$149,999 14,164 7.2%$150,000-$249,999 18,889 9.6%$250,000-$499,999 22,669 11.5%$500,000-$999,999 16,545 8.4%$1000000-$1499999 8,897 4.5%$1500000-$1999999 4,042 2.0%$2000000+ 15,795 8.0%
Median Net Worth $106,134Average Net Worth $735,095
Data Note: Net Worth is total household wealth minus debt, secured and unsecured. Net worth includes home equity, equity in pension plans, net equity in vehicles, IRAs and Keogh accounts, business equity, interest-earning assets and mutual fund shares, stocks, etc. Examples of secured debt include home mortgages and vehicle loans; examples of unsecured debt include credit card debt, certain bank loans, and other outstanding bills. Forecasts of net worth are based on the Survey of Consumer Finances, Federal Reserve Board.Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri Forecasts for 2019 and 2024.
June 27, 2019
©2019 Esri Page 5 of 6
Net Worth Profile
15 Mile Radius
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300,TheWoodlands,TX77381
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
Net Worth Profile7902 Willowick Dr Roofing Company Report7902 Willowick Dr, Spring, Texas, 77389 Latitude: 30.11854Ring Band: 10 - 15 mile radius Longitude: -95.54561
Number of Households2019 Net Worth by Age of Householder <25 25-34 35-44 45-54 55-64 65-74 75+
Total 8,868 39,211 43,148 40,169 34,681 21,667 9,826<$15,000 6,434 18,558 12,562 7,259 4,769 2,371 985$15,000-$34,999 1,036 4,253 4,212 3,299 1,798 1,104 320$35,000-$49,999 363 1,764 1,969 1,328 1,046 601 165$50,000-$74,999 265 2,902 2,583 1,607 1,155 772 512$75,000-$99,999 333 2,929 2,558 2,300 1,252 866 340$100,000-$149,999 201 3,219 3,253 2,678 2,704 1,470 640$150,000-$249,999 107 2,592 4,464 4,752 3,437 2,487 1,050$250,000-$499,999 47 1,738 5,273 5,841 4,962 3,195 1,613$500,000-$999,999 82 885 2,450 4,160 4,115 3,278 1,574$1000000+ 0 371 3,825 6,945 9,445 5,520 2,627
Median Net Worth $10,337 $18,162 $77,008 $175,971 $289,411 $313,962 $358,039Average Net Worth $28,155 $88,052 $416,721 $890,033 $1,436,023 $1,217,030 $1,183,095
Data Note: Net Worth is total household wealth minus debt, secured and unsecured. Net worth includes home equity, equity in pension plans, net equity in vehicles, IRAs and Keogh accounts, business equity, interest-earning assets and mutual fund shares, stocks, etc. Examples of secured debt include home mortgages and vehicle loans; examples of unsecured debt include credit card debt, certain bank loans, and other outstanding bills. Forecasts of net worth are based on the Survey of Consumer Finances, Federal Reserve Board.Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri Forecasts for 2019 and 2024.
June 27, 2019
©2019 Esri Page 6 of 6
Housing Profile7902 Willowick Dr Roofing Company Report7902 Willowick Dr, Spring, Texas, 77389 Latitude: 30.11854Ring Band: 10 - 15 mile radius Longitude: -95.54561
Population Households2010 Total Population 493,927 2019 Median Household Income $66,2552019 Total Population 602,458 2024 Median Household Income $75,9942024 Total Population 661,610 2019-2024 Annual Rate 2.78%2019-2024 Annual Rate 1.89%
Census 2010 2019 2024Housing Units by Occupancy Status and Tenure Number Percent Number Percent Number Percent
Total Housing Units 179,816 100.0% 211,033 100.0% 229,502 100.0%Occupied 164,425 91.4% 197,569 93.6% 215,978 94.1%
Owner 104,497 58.1% 126,157 59.8% 140,515 61.2%Renter 59,928 33.3% 71,412 33.8% 75,463 32.9%
Vacant 15,391 8.6% 13,464 6.4% 13,523 5.9%
2019 2024Owner Occupied Housing Units by Value Number Percent Number Percent
Total 126,118 100.0% 140,475 100.0%<$50,000 2,702 2.1% 2,152 1.5%$50,000-$99,999 12,312 9.8% 10,128 7.2%$100,000-$149,999 24,227 19.2% 21,141 15.0%$150,000-$199,999 25,067 19.9% 24,782 17.6%$200,000-$249,999 16,354 13.0% 18,779 13.4%$250,000-$299,999 11,397 9.0% 12,822 9.1%$300,000-$399,999 15,797 12.5% 21,846 15.6%$400,000-$499,999 8,009 6.4% 12,988 9.2%$500,000-$749,999 6,920 5.5% 10,324 7.3%$750,000-$999,999 1,963 1.6% 3,364 2.4%$1,000,000-$1,499,999 1,027 0.8% 1,593 1.1%$1,500,000-$1,999,999 96 0.1% 170 0.1%$2,000,000+ 247 0.2% 386 0.3%
Median Value $197,509 $232,042Average Value $256,926 $296,054
Census 2010 Housing Units Number PercentTotal 179,816 100.0%
In Urbanized Areas 165,460 92.0%In Urban Clusters 2,113 1.2%Rural Housing Units 12,242 6.8%
Data Note: Persons of Hispanic Origin may be of any race.Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
June 27, 2019
©2019 Esri Page 5 of 6
Housing Profile
15 Mile Radius
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300,TheWoodlands,TX77381
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
Housing Profile7902 Willowick Dr Roofing Company Report7902 Willowick Dr, Spring, Texas, 77389 Latitude: 30.11854Ring Band: 10 - 15 mile radius Longitude: -95.54561
Census 2010 Owner Occupied Housing Units by Mortgage Status Number PercentTotal 104,497 100.0%
Owned with a Mortgage/Loan 83,854 80.2%Owned Free and Clear 20,643 19.8%
Census 2010 Vacant Housing Units by StatusNumber Percent
Total 15,230 100.0%For Rent 9,579 62.9%Rented- Not Occupied 350 2.3%For Sale Only 2,151 14.1%Sold - Not Occupied 364 2.4%Seasonal/Recreational/Occasional Use 436 2.9%For Migrant Workers 5 0.0%Other Vacant 2,345 15.4%
Census 2010 Occupied Housing Units by Age of Householder and Home Ownership Owner Occupied Units
Occupied Units Number % of OccupiedTotal 164,425 104,497 63.6%
15-24 8,774 1,273 14.5%25-34 33,712 14,688 43.6%35-44 40,362 26,402 65.4%45-54 37,745 28,081 74.4%55-64 25,732 20,233 78.6%65-74 11,591 9,358 80.7%75-84 4,906 3,666 74.7%85+ 1,603 796 49.7%
Census 2010 Occupied Housing Units by Race/Ethnicity of Householder and Home Ownership Owner Occupied Units
Occupied Units Number % of OccupiedTotal 164,424 104,496 63.6%
White Alone 98,748 71,145 72.0%Black/African American Alone 35,295 14,553 41.2%American Indian/Alaska Native Alone
962 572 59.5%Asian Alone 9,434 7,196 76.3%Pacific Islander Alone 134 72 53.7%Other Race Alone 16,056 8,792 54.8%Two or More Races 3,795 2,166 57.1%
Hispanic Origin 42,784 25,525 59.7%
Census 2010 Occupied Housing Units by Size and Home Ownership Owner Occupied Units
Occupied Units Number % of OccupiedTotal 164,424 104,496 63.6%
1-Person 32,384 13,881 42.9%2-Person 44,214 29,994 67.8%3-Person 29,909 19,606 65.6%4-Person 29,228 20,949 71.7%5-Person 16,177 11,357 70.2%6-Person 7,146 4,982 69.7%7+ Person 5,366 3,727 69.5%
2019 Housing AffordabilityHousing Affordability Index 136Percent of Income for Mortgage 14.6%
Data Note: Persons of Hispanic Origin may be of any race.Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
June 27, 2019
©2019 Esri Page 6 of 6
Housing Profile
15 Mile Radius
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300,TheWoodlands,TX77381
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
House and Home Expenditures7902 Willowick Dr Prepared by Esri7902 Willowick Dr, Spring, Texas, 77389 Latitude: 30.11854Ring Band: 10 - 15 mile radius Longitude: -95.54561
2019 Housing Summary 2019 Demographic SummaryHousing Units 211,033 Population 602,458
2019-2024 Percent Change 8.75% Households 197,569Percent Occupied 93.6% Families 149,535Percent Owner Households 63.9% Median Age 33.0Median Home Value $197,509 Median Household Income $66,255
Spending Potential Average AmountIndex Spent Total
Owned Dwellings 102 $13,023.03 $2,572,946,656Mortgage Interest 110 $4,167.79 $823,426,266Mortgage Principal 105 $2,008.90 $396,896,198Property Taxes 91 $2,362.43 $466,742,172Homeowners Insurance 100 $551.21 $108,901,833Ground Rent 106 $76.86 $15,184,615Maintenance and Remodeling Services 102 $2,186.48 $431,980,782Maintenance and Remodeling Materials 98 $477.59 $94,356,901Property Management and Security 104 $109.55 $21,643,668
Rented Dwellings 111 $5,712.89 $1,128,689,474Rent 111 $5,599.99 $1,106,383,680Renters' Insurance 112 $32.67 $6,455,522Maintenance and Repair Services 100 $54.34 $10,736,756Maintenance and Repair Materials 97 $25.88 $5,113,516
Other Lodging 89 $516.12 $101,969,994Owned Vacation Homes 89 $457.60 $90,408,291
Principal Paid on Home Loans 100 $73.57 $14,535,578Closing Costs 102 $19.78 $3,907,830Interest Paid on Home Loans 102 $104.64 $20,673,090Property Taxes 88 $121.25 $23,955,894Homeowners Insurance 77 $16.27 $3,214,826Maintenance and Remodeling 74 $101.98 $20,147,118Property Management and Security 89 $20.11 $3,973,956
Housing While Attending School 93 $58.52 $11,561,703Household Operations 104 $2,155.96 $425,950,821
Child Care 111 $565.62 $111,749,773Care for Elderly or Handicapped 86 $62.19 $12,286,345Appliance Rental and Repair 104 $21.13 $4,174,967Computer Information Services 103 $598.19 $118,184,358Home Security System Services 113 $46.75 $9,237,251Non-Apparel Household Laundry/Dry Cleaning 101 $28.54 $5,638,980Housekeeping Services 105 $195.25 $38,574,902Lawn and Garden 97 $457.74 $90,435,019Moving/Storage/Freight Express 118 $78.59 $15,526,834Installation of Computers 107 $0.65 $127,668PC Repair (Personal Use) 107 $6.94 $1,370,484Reupholstering/Furniture Repair 100 $9.76 $1,929,146Termite/Pest Control 107 $38.78 $7,662,603Water Softening Services 112 $7.13 $1,409,340Internet Services Away from Home 119 $9.86 $1,947,907Other Home Services (1) 102 $28.83 $5,695,243
Data Note: The Spending Potential Index (SPI) is household-based, and represents the amount spent for a product or service relative to a national average of 100. Detail may not sum to totals due to rounding.Source: Esri forecasts for 2019 and 2024; Consumer Spending data are derived from the 2016 and 2017 Consumer Expenditure Surveys, Bureau of Labor Statistics.
June 27, 2019
©2019 Esri Page 7 of 9
House Expenditures
15 Mile Radius
RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300,TheWoodlands,TX77381
We obtained the information above from sources we believe to be reliable. However, we have not verified itsaccuracyandmakenoguarantee,warrantyor representationabout it. It is submittedsubject to thepossibilityoferrors, omissions, changeof price, rental orother conditions, prior sale, leaseor financing, orwithdrawalwithoutnotice. We includeprojections,opinions,assumptionsorestimates forexampleonly,andtheymaynot representcurrent or future performance of the property. You and your tax and legal advisors should conduct your owninvestigationofthepropertyandtransaction.
BERKSHIREHATHAWAY
HomeServicesAnderson Properties
COMMERCIAL DIVISION
ROOFING COMPANY BUSINESS FOR SALE
NORTH HOUSTON METROPOLITAN AREA, TEXAS
Information About Brokerage Services Texas law requires all real estate license holders to give the following information about
brokerage services to prospective buyers, tenants, sellers and landlords.
11-2-2015
TYPES OF REAL ESTATE LICENSE HOLDERS:A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER'S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker's own interests;Inform the client of any material information about the property or transaction received by the broker;Answer the client's questions and present any offer to or counter-offer from the client; andTreat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with theowner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker's minimumduties above and must inform the owner of any material information about the property or transaction known by the agent,including information disclosed to the agent or subagent by the buyer or buyer's agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usuallythrough a written representation agreement. A buyer's agent must perform the broker's minimum duties above and must inform thebuyer of any material information about the property or transaction known by the agent, including information disclosed to the agentby the seller or seller's agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the writtenagreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold orunderlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:
Must treat all parties to the transaction impartially and fairly;May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner andbuyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.Must not, unless specifically authorized in writing to do so by the party, disclose:
that the owner will accept a price less than the written asking price;that the buyer/tenant will pay a price greater than the price submitted in a written offer; andany confidential information or any other information that a party specifically instructs the broker in writing not todisclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent thebuyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLYESTABLISH:
The broker's duties and responsibilities to you, and your obligations under the representation agreement.Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create anobligation for you to use the broker's services. Please acknowledge receipt of this notice below and retain a copy for your records.
Berkshire Hathaway HomeServicesAnderson Properties
604417 [email protected] (713) 862-0000
Licensed Broker/Broker Firm Name or Primary Assumed Business Name License No. Email Phone
Michael Huff 0501323 [email protected] (713) 862-0000
Designated Broker of Firm License No. Email Phone
Cathy Trevino 455096 [email protected] (713) 516-6331
Licensed Supervisor of Sales Agent/ Associate License No. Email Phone
Richard Stallings 0620573 [email protected] (713) 503-0808
Sales Agent/Associate's Name License No. Email Phone
Buyer/Tenant/Seller/Landlord Initials Date
Regulated by the Texas Real Estate Commission Information available at www.trec.texas.govIABS 1-0
TAR 2501