Seller Financing Available
Gross Revenue: $1,088,000
Real Estate: $500,000*
* not included in asking price.
37304-Parking Lot Maintenance and Repair Services
2016 revenues already exceeded last year's! Located north of Tampa, Florida, this premier special trade contractor specializes in parking lot restoration and repairs. With over 28 years of experience, the company offers a variety of pavement services including asphalt sealcoat, crack-fill, stripe and restripe pavement markings, signage, asphalt repairs, ADA updates, and parking lot related concrete repairs including curbing, sidewalks, and ADA ramps. This business generates the majority (83%) of its revenues from the state of Florida, followed by North Carolina and Alabama. Revenues have been increasing over the past 4 years averaging 29% annually. Acquired in 2003, this business has expanded its operations and capabilities to become a one-stop shop for outdoor surface restoration and repairs.
Currently, 98% of the company’s revenue derives from services to commercial and industrial clients while 2% derives from residential communities including condominium and apartment complexes. Offering these services, it is helpful to have a state general contractor’s license, and requires specialized machines and trained personnel to operate them. Commitment to quality throughout the organization has resulted in many highly satisfied clients, and a high rate of repeat and referral business. Today, the company enjoys an enviable reputation, and is well positioned to pursue growth beyond the projections. This owner operated business is managed in a hands-on fashion giving the owner full control over the quality of products and the customer service provided.
Inventory: Included in asking price
Real Estate: Owned
Not included in asking price
Building Sq. Ft.: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Estimate around $500,000, the residential lot is four acres; the company occupies about one acre for business use. The business facility measures 1,920 square feet, has an office, a production area for a shop and warehouse. There is plenty of area around the facility to store trucks, vehicles, and equipment. The owners are open to negotiation in regards to selling the residential property with the business as well. Seeing as this company serves the majority of Florida, the business could be easily relocated if desired.
Competition: 90% repeat clientele.
Growth & Expansion: There exist several opportunities for significant revenue and profit increase, including leveraging the company’s enviable reputation to pursue new geographic markets, expanded operations, and new service offerings. These opportunities are easily attainable given appropriate investments in capital and human resources. Adding an outside salesperson could also triple gross sales. Adding additional marketing and advertising avenues would grow the business as well.
Support & Training: Key employees will most likely stay on after the sale and owners available for transitioning.
Reason for Selling: Approaching retirement.
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