Asphalt Repair and Maintenance for Parking Lots and Driveways

WA

Asphalt Repair and Maintenance for Parking Lots and Driveways

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$6,000,000

EBITDA:$1,900,000

FF&E:N/A

Inventory:N/A

Established:1990

Asphalt Repair and Maintenance for Parking Lots and Driveways

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Business Description

This 26 year-old Company provides parking lot, driveway, and sidewalk maintenance services. Revenue is derived from the following: Asphalt repair and paving (30% of sales), parking lot painting (25%), seal coating (20%), asphalt grinding (10%), concrete modifications (10%) and other services (5%). The Company primarily targets commercial accounts (95%) in Washington and Oregon. The Company has secured two separate three-year contracts with its largest customer (with two year extensions). In 2014, the Company completed close to 600 projects with above average profit margins.

The Company is strategically located on a 1.5 acre lot with two buildings totaling 5,200 square feet which includes office, storage, and shop space. The Company has an extensive amount of fixed assets including trailers, trucks and other equipment such as two asphalt grinders and an asphalt paver. The Company has a knowledgeable team of employees with expertise in the industry. The Company is well-positioned within its market and is known to have excellent supplier relationships, effective quality control and a superior reputation. As a result, the Company enjoys a high level of repeat business estimated at 75% annually. In addition, management believes the Company has excellent growth opportunities going forward.

Detailed Information

Financing:
Negotiable
Support & Training:
As needed
Reason for Selling:
Pursue other interests

Listing Statistics for Premium Members

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Mike Meredith

Business Listed By:
Mike Meredith

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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