According to Stanford research, 33% of searchers don't find a business to buy. Of those that do, only 65% generate returns for investors. That equals a meager 43% success rate. The Olympus search fund model addresses all the weaknesses in the traditional search fund model to create better outcomes for searchers and investors.
We help source and close deals, line up investors, and offer full support in operating, including our "business in a box" with processes, workflows, and software configuration.
We are positioned to do this because we have bought two roofing companies that we operate. We can help navigate the search landscape and then scale a successful roofing company.
As our mission states, we BUILD IT BETTER.
Roofing is the hidden gem of home services and is ripe for investment for search funds. Residential roofing breaks into two main areas -- retail (replacing or repairing old roofs) and insurance (replacing or repairing roofs damaged by weather events and paid for by insurance). In both cases, having a stable and functional roof is a key element on Maslow's Heirarchy of Needs.
The business model for residential roofing is driven by marketing, sales, doing great work, and generating referrals. At each step in the model, there is enormous opportunity to differentiate from competition and BUILD IT BETTER.
Roofing is a NEED not a want. 94% of the spend in the roofing industry is non-discretionary, which means it is consistent regardless of the economic headwinds.
The roofing industry is highly fragmented, with thousands of owners looking to retire and pass along their company.
The key differentiator in roofing is creating a great customer experience. Responsiveness, communication, and professionalism are all the top words from 5-star reviews.
The searcher goes through an apprenticeship, learning the basics of roofing . This not only gives the searcher more context to help the search process, but also prepares the searcher to run the business. Instead of spending 2 years learning an industry AFTER you buy the company, you can learn as you search.
With focus in one industry, the search can go faster with higher likelihood for success. Due diligence is shorter and more accurate, because we have benchmarks and comparisons. We know what is a good company and what is not. The concentration in roofing, also creates a better exit opportunity.
We provide "business process and systems in a box" so the search hits the ground running. We know how to modernize a roofing company and build it for scale. We also provide a network of other owners from the search fund, as well as direct support, mentoring. and coaching.
Since 1973, Olympus has served Utah with expertise, quality, and professionalism. We specialize in residential homes and multi-family properties.
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One of the most trusted commercial roofing companies in Utah, Idaho, and Wyoming. Specializing in single-play membrane roofs adn metal roofs.
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Mount Olympus - Salt Lake City, Utah - 9,026 feet
Life is hard. Business is hard. Things go wrong...a lot. We are a stable force that calms the waters for our companies and leaders through the highs and the lows. We provide mentorship and support through the entire life cycle of searching, buying, and building your business.
Mount Olympus - Greece - 9,573 feet
As the highest peak in Greece, Mount Olympus has stood the test of time. The sharp tower-like ridge line was formed by rain and wind. Likewise, Olympus Venture Group withstands the elements to demonstrate strength of partnership, investment, and outcomes.
In Greek mythology, Olympus was the home of the Gods. It's where the 12 Olympians brought their unique abilities together to rule the world. Likewise, we bring together entrepreneurs and companies of different backgrounds, sizes, and geographies to provide world-class services and experiences for residential and commercial roofing. Our owners network called "Pantheon" facilitates best practices, solve problems, and enhances learning through MBA-level education.
We have re-imagined the search fund. We combine experience in roofing operations and technology to provide a unique platform for investment in roofing companies.
