MergerPlace

Asphalt Paving Business

California


  • Asking Price: Not Disclosed
  • Gross Income: $9,012,882
  • Cash Flow: $1,483,330
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $1,804,350
  • Listing ID: #199505
  • Established: 1990
  • Employees: 26 FT/ 1 PT

Business Description

Successful Southern California asphalt paving business that has thrived from referrals and repeat business from satisfied customers for over 25 years. The business's very experienced employees have built a reputation for quality workmanship on new asphalt paving, seal coating, striping, and repair / maintenance of commercial / industrial parking lots, as well as, public works projects such as streets, schools, parks, and fire stations. Many of the employees have been with the business for over 10 years. The business has sparkling clean, well-maintained machinery and equipment. With a large backlog of projects, the outlook for this business is outstanding.


Business Details

Primary Business Category: Contractors - Special Trade
Location: California

Company Information

Year Established: 1990
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 26 FT/ 1 PT

Financial Information

Gross Revenue: $9,012,882
Cash Flow: $1,483,330
FF&E: $1,804,350
Seller Financing Available: No

Property Information

Facilities:

The business utilizes a 5,333 sq. ft. office building with a 33,924 sq. ft yard.

Growth & expansion opportunities:

Growth could be achieved by investing into marketing and launching a www site. Also, growth could be achieved by recruiting sales representatives / estimators. There is vast potential for this business to increase its public works projects. According to the California Transportation Commission, 58% of California's roadways require rehabilitation or pavement maintenance. The California legislature recently passed the Road Repair and Accountability Act of 2017 (SB1) which will dedicate $52 billion to transportation infrastructure (over a 10 year period).

Competition:

There are over 150 asphalt paving contractors in Southern California, and many of those companies are small patch and repair companies. This business is one of the largest asphalt paving companies in Southern California with a reputation for the highest quality workmanship, a team of very experienced employees, and well-maintained equipment. This business thrives from referrals and repeat business from satisfied customers.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ no cost. The company’s services include new asphalt paving, seal coating, striping, and repair of commercial and industrial properties, as well as, public works projects such as streets, schools, parks, and fire stations. The following licenses and permits are required for this business: a contractor’s license, city business licenses, and licenses / permits for the vehicles.

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Business Listed By:

John Holland

Murphy Business Brokers