32295 Ashpault contractor

Mid West

Seller Financing Available
32295 Ashpault contractor

Asking Price:$400,000

Cash Flow:$200,000

Gross Revenue:$1,350,000

EBITDA:$200,000

FF&E:N/A

Inventory:N/A

Established:1982

32295 Ashpault contractor

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Business Description

Founded in 1982, with current ownership assuming control in 1998, this Blacktop company is a premier provider of asphaltic concrete services for the commercial, residential, and industrial markets. It provides services in Ohio, Kentucky, Tennessee, and Indiana.
Services
They have services that include two divisions: blacktop and concrete services. The blacktop services include resurfacing, crack sealing, seal coating, line striping, pot hole, patch repair, catch basin, and drain repair. The second division provides concrete services including driveways, patios, sidewalks, porches, extruded concrete curbs, and gravel. Blacktop installation, or asphalt services, accounts for the majority of revenue generated.It is primarily an Asphalt Services Company but does get offered concrete work on a regular basis. While it is not a primary focus of the business, it does represent a solid opportunity for growth in the market. At this juncture, concrete services represent less than 2% of revenues but with marketing, it could easily rise to 10%. Present ownership has not pursued that opportunity due to approaching retirement.

Detailed Information

Employees:
9 full time
Facilities:
500 sgft home office for adm. yard site for equipment
Competition:
some local and national competition
Growth & Expansion:
concrete services and expand geographically
Financing:
some seller financing for qualified buyers
Support & Training:
owner will stay for extended period
Reason for Selling:
retirement

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Jerry Yocum

Business Listed By:
Jerry Yocum

J&R Yocum LLC

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