MergerPlace

Asphalt Paving Company/Northeast Ohio

Ohio (Cuyahoga)


  • Asking Price: $555,000
  • Gross Income: $2,007,743
  • Cash Flow: $218,811
  • Real Estate: Not Disclosed
  • Inventory: $13,516
  • FF&E: $363,938
  • Listing ID: #212016
  • Established: 1982
  • Employees: 9 FT

Business Description

This Company, started in 1982, services both commercial and residential clients. The Company provides asphalt paving, sealcoating, repair and resurfacing.
This is a seasonal business that operates from April through November. The Owner uses the off-season to work on bids, service equipment, take some personal time and gear up for the upcoming season.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Ohio
County: Cuyahoga

Company Information

Year Established: 1982
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 9 FT

Financial Information

Asking Price: $555,000
Gross Revenue: $2,007,743
Cash Flow: $218,811
FF&E: $363,938
Inventory: $13,516
Seller Financing Available: No

Property Information

Facilities:

The Company operates out of a facility that has a warehouse (approx. 2,500 sq ft), outside storage (total is 200 ft x 200 ft) and office space (500 sq ft). The real estate is NOT included in the purchase price but is available for lease at $1,500/month or for the purchase price of $150,000. The Real Estate is listed with Thomas J. Shutrump Realty.

Growth & expansion opportunities:

The company started in 1982 as a sealcoating company. In 1992, the company added residential asphalt paving and it quickly became the company focus. By 1993, the asphalt paving surpassed sealcoating sales. In 1998, the company started doing commercial paving and by 2012 the company achieved over $1 million in sales. The Company has grown steadily and by 2018 exceeded $2 million in revenue. The company has maintained its residential customer base and continued to focus on growing the commercial side of the business.

Reason for selling:

Owner would like to retire due to health issues.

Support & Training:

Will train for 4 weeks @ $0 cost. Installs and repaves asphalt driveways for residential homes and commercial properties. Sealcoating to protect driveways, parking lots and other types of commercial sites. Curb repair, rubber crack filling and line striping.

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Business Listed By:

Michael Carrozza

Murphy Business Brokers