Parking Lot Striping & Maintenance

MD

Parking Lot Striping & Maintenance

Asking Price:$595,000

Cash Flow:$235,000

Gross Revenue:$1,800,000

EBITDA:$235,000

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:1986

Parking Lot Striping & Maintenance

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Business Description

This growing Company maintains commercial parking lots for a broad base of commercial clients. Services include striping (thermoplastic and painted), traffic sign installation, traffic control, asphalt seal-coating and snow plowing. In business for 30 years, the Company is known for its service, quality, and its pride and commitment to its clientele. The company's customer base is very stable; it rarely loses a client. The Company grows by adding new customers every year.

The owner of this Company has run it as a "lifestyle" business - he makes a good living but hasn't focused on growth.The Company has no website! Most work is for repeat customers. Approximately 50% is negotiated and 50% is bid. New ownership could easily accelerate the company's growth by creating an internet presence, adding a sales person and offering additional services (e.g. permanent and temporary marking tape) that customers have been asking for.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
12,000
Lease Expiration:
N/A
Employees:
23
Facilities:
The business leases a 12,000 s/f facility - 9000 s/f is warehouse space; 3000 is office space. Company vehicles are either parked inside or in the fenced-in lot. Rent is $5,500 per month. The landlord would be interested in discussing a long-term lease if the Buyer so desires.
Competition:
There are very few players in this stable and growing service niche in the Company's geography. There is one company that slightly larger and offers similar services; there is also a smaller company that offers fewer services. There is more than enough work to go around for all the competitors!
Growth & Expansion:
The Company has been experiencing steady organic growth which could be greatly accelerated by creating an internet presence (the Company has none!), adding a salesperson (the Company has none!), adding services that clients have been requesting and becoming a seal-coat sealant distributor (there are none in its area).
Financing:
Bank financing available for qualified buyers
Support & Training:
Seller will train and familiarize the buyer will all aspects of the business after closing.
Reason for Selling:
Other business interests.

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Bill Blumberg

Business Listed By:
Bill Blumberg

Prime Investments

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Sponsoring Broker:
Don Naideck

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