Popular Sealcoating and Paving Contractor

Essex County, MA

Popular Sealcoating and Paving Contractor

Asking Price:$425,000

Cash Flow:$165,000

Gross Revenue:$735,000

EBITDA:N/A

FF&E:$150,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:2007

Popular Sealcoating and Paving Contractor

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Business Description

Great Add-On for Landscaping or Construction Company

A popular sealcoating company with steady commercial and residential work is available for sale. In business for 9 years, this company primarily does commercial work, such as large shopping center parking lots, which are very profitable. Sales have been strong year over year and the business grossed over $730,000 in sales in seven months in 2015, with an owner’s cash flow of over $165,000.

According to industry report IBISWorld, revenue for paving services will continue to rise at an annualized rate of 2.8% to $34.2 billion in the five years to 2021. Sealcoating is an important service because it protects the pavement from wear and tear and weather factors, preventing cracks and the need for frequent repaving.

The business sale includes approximately $150,000 of equipment and supplies, all in excellent condition, much of which was purchased in the last two years.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
6 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business leases an office as well as parking spaces for the vehicles and has a flexible month to month lease.
Growth & Expansion:
There is a lot of opportunity to grow the business by adding more residential work, since there is a high demand in the area. The business receives more residential requests than they are able to take on. Since they have a strong customer base of commercial clients, plowing services could be added in the winter, when sealcoating services aren’t provided.
Support & Training:
The seller will provide necessary support and training.
Reason for Selling:
To focus on other business interests

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Sarah Grossman

Business Listed By:
Sarah Grossman

BayState Business Brokers

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Sponsoring Broker:
Marc Gudema, CBI

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