Commercial Paving Company with 50+ Year Track Record

CA (Relocatable)

Seller Financing Available
Commercial Paving Company with 50+ Year Track Record

Asking Price:$850,000

Cash Flow:$310,384

Gross Revenue:$4,733,799




Rate/Sq. Ft.:N/A


Commercial Paving Company with 50+ Year Track Record

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Business Description

This is an opportunity to acquire one of Southern California's leading asphalt maintenance companies. For over 52 years, the company has helped property managers and property owners maintain the beauty and structural integrity of their paved surfaces Some key attributes:
• 52 years experience providing exceptional customer service
• Consistent financial performance, with business generating $4.5M-$5.5M revenue and $300K-$500K earnings for past three fiscal years
• Highly diversified customer base (no customer accounts for more than 15% of revenue)
• Diversified revenue stream with key services including resurfacing, replacement, fabric overlay, seal coating, lot marking/striping and concrete
• Long term, established relationships with key customers
• Equipment Fleet (including dumpers, tankers, flat bed trucks and pick up trucks) all in excellent condition
• Long term, committed employees, many of whom have been with company 15+ years
• Licensing: Owner maintains a C-12 Earthwork and Paving Contractor License
• Accounts Receivable is not included in the asking price

Detailed Information

Real Estate:
Building Sq. Ft.:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Equipment lot - 9,000 sq. ft. Offices with parking for fleet - 3,000 sq. ft.
This is a fragmented market with several competitors, but by continuing to perform and satisfy new and long-standing customers, the company h as many opportunities for increased revenue and margin. It has a high percentage of "clean-up" work and is hired to do redo work of low-quality competitors.
Growth & Expansion:
Marketing efforts could easily double the business
Yes, seller willing to finance 25% of purchase price
Support & Training:
Seller to provide 40 hours a week of training for four weeks included in purchase price but would be willing to stay for an agreed upon time and rate to assist in training, transitioning and introductions to customers
Reason for Selling:
Owner wishes to retire

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Kevin Berson

Business Listed By:
Kevin Berson

Seapoint Business Advisors

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