Asphalt Paving Business for Sale

Grand Rapids, MI (Kent County)

Seller Financing Available
Asphalt Paving Business for Sale
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Asking Price: $2,200,000

Cash Flow: $900,000

Gross Revenue: $1,500,000

EBITDA: $1,200,000

FF&E: $950,000

Inventory: $47,500*

Rent: $1,000 /Month

Established: 1960

*not included in asking price.

Asphalt Paving Business for Sale

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Business Description

Asphalt Paving Business for Sale

Hello, my name is Donald Burke. I started a Paving business five years ago. We had many years of experience in the paving business and sold our original company back in 2000. There are three things necessary to have a profitable Paving Company. number one would be sales number two would-be production and number three would be quality. We have had the winning formula for 50 years. We started as a family business and remain so. We have experienced, loyal and valuable men that work for us. We have state-of-the-art equipment. We are constantly trading in buying Better Equipment. We are in a specialized field of Paving. We are one of the only companies in Michigan and surrounding areas that do Chip Seal Paving on residential driveways. We have calls coming in every day from around the state. We charge a premium price for this type Paving. We have a A+ rating with the Better Business Bureau and a 4. 7 star rating with Google business. Thank you Don Burke

Detailed Information

Grand Rapids, MI
Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
One. Cold mix asphalt producing plant . 8 trucks all 2016 or newer except one. 3 Bobcat skid loaders. 3 asphalt rollers. 6 equipment and dump trailers. 2 asphalt flow boys for the hauling of material. 1 Sealcoat machine weed kill and site preparation units. 3 specialized chip spreading units. 1 semi trailer and 500 horsepower caterpillar generator. This unit generates all power no electric bills. 2self propel leeboy Paving and laydown machines . Manymiscellaneous items as well. (Home Based)
Our Paving Company is very unique. we are the only company in the state of Michigan that does chip and seal Paving on residential driveways.Call's come flowing in everyday. We charge a premium price for this type Paving. The profit margin is almost too good to be true. Our company is growing every year. We do standard blacktop Paving also. Competition here is fierce. 5 years ago we started marketing the chip and seal end of the company. The chip and seal part of the company now is 98% of our Paving. Sales, production and quality are our motto. We can do
Growth & Expansion:
We are growing every year because of the unique service we offer. We are actually growing faster and not having to add more employees. Personally I like the company where it is right now. It is very profitable and everybody is content. We do subdivisions Condominiums private roads, we could add more of these types of jobs if needed. Pro. Growing the company would increase revenue and income con. More hours /not as much quality control and purchase of more equipment.
Must have a substantial down payment
Support & Training:
My son or i wouls stay for one season and teach the operationI
Reason for Selling:
Ready for retirement I have done this for over 40 years.
This business is Home-Based
Business Website:
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Business Listed By:
Don Burke

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