Jet-Black Asphalt Sealcoating & Repair

Winona County, MN

Seller Financing Available
jet black
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Asking Price: Get Financing: $110,000

Cash Flow: $45,000

Gross Revenue: $175,000

EBITDA: N/A

FF&E: $18,500

Inventory: $1,000

Established: 2014

Jet-Black Asphalt Sealcoating & Repair

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Business Description

TYPE OF BUSINESS: Rochester based, Asphalt Sealing and Coating Business. Territories include Rochester Mn. and La Crosse WI. This is a full-service Asphalt Sealing company. Services include seal coating, crack repair, joint repair, oil treatment, sunken asphalt repair, line striping, infrared repair, and more asphalt maintenance services. They service residential and commercial accounts.

Jet-Black is an established franchise and carries the highest quality sealant possible with the perfect mix of the best additives for your climate. The Sellers have managed the company well and established a great reputation in their service area.

Seller runs a profitable, well systematized, turnkey business with very little fixed overhead expenses. One owner oversees the “outside” work in the field including managing the sales/project managers, crews (independent contractors), quality control and troubleshooting. The other owner oversees the “inside” work including office admin., proposal/contract approvals, sales meetings etc. Both work between 30 to 60 hours per week depending on the work load.
Hours of operation are 8:00a.m. – 5:00p.m. Monday – Friday.

FACILITY: This business operates out of the seller’s home.

EMPLOYEES: This business has 2 owners with 2 part-time employees.

GROSS SALES/CASH FLOW: The gross sales for 2017 were $175,000, 2016 were $146,500 and 2015 were $104,500. Cash flow to an owner/operator based on 2017 sales was approximately $45,000. One owner can replace the two sellers. The buyer is responsible to pay the $3,000 transfer fee. Owner and Franchisor will train new owner at no additional cost.

ASKING PRICE: The asking price for the business is $110,000. This includes inventory valued at $1,000 and equipment, furniture and fixtures with an estimated value of $18,500.

REASON FOR SALE: Other Interests.

Detailed Information

Inventory:
Included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business operates out of the seller’s home.
Growth & Expansion:
A tremendous opportunity to grow the business. Two territories are included in this sale. Owner is working only one of them.
Financing:
Seller willing to finance a portion of sale to a "qualified" buyer.
Support & Training:
Seller willing to train new owner at no cost to them.
Reason for Selling:
Other Interest
Franchise:
This business is an established franchise
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Bill Kraemer

Business Listed By:
Bill Kraemer

Opportunities In Business

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Sponsoring Broker:
Thomas Green

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