🧠 Valuation Insight: Revenue Peaks ≠ Sustainable Cash Flow

 🏠 Roofing companies often show strong income—but valuations need to correct for:

  • Owner as lead estimator or licensed roofer
  • No adjustment for seasonality (weather + storm response)
  • Deferred CapEx on trucks, trailers, safety gear
  • Revenue spikes from one-time insurance jobs

📌 High sales during storm season don’t always mean transferable value.