Active
Profitable-Paving-Sealcoating-Striping-Company
This locally owned and operated asphalt company is a family run business, serving the greater area for over 30 YEARS! Specializing in all areas of Asphalt including Sealcoating, Slurry Seal, Chip Seal, Handicaps, Stencils, Striping, Paving, Patching, Sign installation, Bumper Blocks and much more.
The business enjoys a Nitch market with limited competition. Sales volume was down due to the rain for the first three months of 2023. SDE was up over 2022 because the Seal Coating & Striping Business was up over 2022. Seal Coating & Striping has a higher profit margin.
Listed By: Verlen Love
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Background information
Reference:
52856
Year established:
1991
Reason selling:
Retirement and Other Business Interests.
Finance
Sales:
$4,700,000
Profits:
$860,000
Profit type:
Discretionary Earnings
Operations
Employees:
Varies with the season. 15-25.
Equipment:
Equipment List will be provided as part of the due diligence process.
Inventory:
Limited inventory of approximately $20,000.00 at times. A higher or lower inventory is included with the price of the business.
Premises
Facility:
Property is 1.26 Acres zoned M-2 with a 4,000 sqft office and warehouse.
Square footage:
4,000 SqFt Office/Warehouse Building on a 1.26 Acre Lot.
Rent and lease terms:
Property is for sale at an additional $750,000 or can be leased for $14.00/sqft/year NNN.
Opportunities
Growth:
Business could be increased by expanding market area, addition of another crew and adding a sales representative.
Market:
California
Price and terms
Price:
$2,750,000
Down payment:
$450,000
Financing:
Has been pre-qualified for an SBA loan.
Training:
4 weeks training 20 hours per week. If additional training is needed, Sellers are willing to stay on with a mutually agreed upon consulting agreement.