PRICE REDUCED! 33-Year Paving & Maintenance Co, Excellent Cash Flow

Reno, NV (Washoe County)

Seller Financing Available
PRICE REDUCED!  33-Year Paving & Maintenance Co, Excellent Cash Flow
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Asking Price: $2,400,000

Cash Flow: $753,579

Gross Revenue: $4,542,402

EBITDA: N/A

FF&E: $1,085,300

Inventory: N/A

Real Estate: N/A

Established: 1978

PRICE REDUCED! 33-Year Paving & Maintenance Co, Excellent Cash Flow

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Business Description

For over 33 years this family-owned and operated, full-service asphalt paving and maintenance company has provided residential, commercial, and industrial clients in Northern Nevada with professional, dependable service. They specialize in every type of asphalt service, including replacement, patching, overlays, fog sealing, sealcoating, line striping, driveways, curbs, parking lots, and roads. Regular asphalt maintenance is required in Nevada's climate, and their repeat customer base is extensive. Accounts are diverse and include property managers, supermarkets, warehouses, malls, HOAs, and many, many residents. In addition to the profitable paving and maintenance side of the business, this company brings in considerable revenue through contracting out oil-spreading services at time and material rates to other paving companies in the area. Yet another revenue stream comes from the sales and distribution of several products, including in-demand oil sealing materials. The sale includes 20 licensed, well-maintained vehicles (boot trucks, transfer and transport trucks, a seal coat truck, pick-up trucks, etc.). Their radius includes Reno, Carson, Gardnerville, Fallon, Fernley, Portola, Quincy, and occasionally Elko and Tahoe. Nineteen employees, including a long-term office manager, mechanic, and 2 foremen, plan to stay. Employees are loyal and there is little turnover. Their facility is located near a freeway for easy truck access. Real Property, available for lease or purchase, includes 4 bays, a large office, and a mezzanine to store parts and equipment (or even use as living quarters). Owner has solid relationships with many suppliers and general contractors. He is willing to stay on for a month or more to ensure the success of the business. The Business is SBA pre-qualified for a Small Business Administration Loan (SBA 7a Loan). Buyer could purchase with as little as 10% down of the acquisition price. Seller is prepared to finance a portion of the purchase.

Detailed Information

Location:
Reno, NV
Real Estate:
Owned
Building SF:
4,000
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4,000 sq. ft. premises on nearly an acre. Ample parking for all equipment and vehicles. Located near a freeway and easily accessed. Building includes a 4-bay shop, 1,000 sf office and large mezzanine. Owner willing to lease or sell Real Property to a qualified Buyer.
Competition:
This company has over 40 years of name recognition and reputation in a business where repeat clients are huge. They also have good relationships with their competitors who, when they win bids, oftentimes end up hiring them for their oil-spreading services. Their diverse revenue streams ensure that profits will remain strong even if a client is lost.
Growth & Expansion:
The company could be grown by expanding into the realm of mass excavating and underground work, as well as bidding for larger paving jobs. Diversifying into the area of thermoplastics is another option. A tech-savvy Buyer could also invest in estimating tools and programs.
Financing:
Seller will carry with an SBA Loan.
Support & Training:
1 month (negotiable) for the success of the business. Seller willing to finance through SBA loan.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Bradley Bottoset

Business Listed By:
The Liberty Group of Nevada

The Liberty Group of Nevada

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