MergerPlace

Well Established Asphalt Seal Coating

Michigan (Wayne)


  • Asking Price: $550,000
  • Gross Income: $487,631
  • Cash Flow: $249,167
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $100,000
  • Listing ID: #212733
  • Established: 2008
  • Employees: 5

Business Description

Well established commercial and residential asphalt seal coating business. Offering seal coating, cold patch repair, crack filling, and replacement services for over 10 years. This would make great addition to a B2B or B2C business! Regular, growing sales and cash flow. The seller works from May 1st through October 31st and makes almost $250,000! 2018 sales were up 10% over 2017. Owner runs day to day operations including bids and quality control. A couple longer term employees and newer key employee who could assist in the owner’s regular duties. Over 4500 clients and counting! Business clients maintain every year and residential clients every 2 years. Many clients are regular, repeat, long term customers. There is an additional opportunity with this business to take on additional clientele and potentially double the business (ask for details). The business is home based and easily transferable. This would be a great add on business that could be eligible for $0 down SBA expansion funding. A Non-Disclosure Agreement and proof of financial ability for possible bank financing are necessary to learn about this opportunity. Owner may consider seller financing terms with a solid down payment. Please contact Jon Swanson at 248-688-9080 or email me at Jswanson@impcre.com


Business Details

Primary Business Category: Contractors - Special Trade
Location: Michigan
County: Wayne

Company Information

Year Established: 2008
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 5

Financial Information

Asking Price: $550,000
Gross Revenue: $487,631
Cash Flow: $249,167
FF&E: $100,000
Seller Financing Available: Yes

Property Information

Facilities:

The business is run from the owner’s personal garage and a storage garage. This can easily be moved to another home or facility. The garages house the equipment and some product inventory. (Home Based)

Growth & expansion opportunities:

The owner does some advertising and works with a large return clientele! The current database has over 4500 customers and counting. There is huge opportunity to possibly take on a another companies book of business (we can discuss) which could easily double the current business.

Competition:

This is a competitive market. The seller is selective on the projects they accept to keep above average premium margins.

Reason for selling:

Focus on Other Business

Support & Training:

Yes, Negotiable

Contact Business Seller

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Business Listed By:

Jonathan Swanson

Imperium Property Group