MergerPlace

Established Concrete & Asphalt Paving Co

Virginia (Fairfax)


  • Asking Price: $260,000
  • Gross Income: $886,600
  • Cash Flow: $128,501
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $190,000
  • Listing ID: #203685
  • Established: 1974
  • Employees: 7

Business Description

Incredible opportunity to own an established paving company serving the Northern VA, Maryland, and the greater DC Metro Area. The business has been family owned and operated for over 40 years and maintains a very strong reputation for providing quality workmanship at competitive pricing. The company is completely turn key with all the equipment and vendor relationships in place to continue operations and make money on day one. The company employs a team of skilled workers that are well-trained and do the job right the first time, often repairing jobs of their competitors that didn't get done right the first time.

The company is predominately a commercial contractor (about 80%), but also does some residential work (about 20%). This presents a great opportunity for growth in the residential market and in the commercial space with a new active owner that can take the business to the next level with a strong marketing campaign and bidding government work. The business specializes in providing general maintenance, resurfacing, pothole repair, paving & texturing, speed bumps; working with both concrete & asphalt. They also provide design services, excavation, hauling, and snow removal. With over 40 years in business they have developed a very loyal customer base that generally yields at least $400k of revenue per year from repeat customers. The owner is retiring and looking to pass the torch to someone to carry on the legacy of the company taking care of its employees and customers. Don’t let this opportunity pass you by and contact us today!


Business Details

Primary Business Category: Contractors - Special Trade
Location: Virginia
County: Fairfax

Company Information

Year Established: 1974
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 7

Financial Information

Asking Price: $260,000
Gross Revenue: $886,600
Cash Flow: $128,501
FF&E: $190,000
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

The business currently operates out of a home office in Northern VA and has a storage yard for the trucks and materials in Upper Marlboro MD. The business can easily be moved and operated from anywhere in the DC Metro area.

Growth & expansion opportunities:

There is tremendous opportunity for growth with this company by just leveraging the name and reputation, but if a new owner develops a local marketing & advertising campaign for the residential market since the business is primarily commercial work (80%) the sky is the limit!

Competition:

Standard competition in the local marketplace, but with a company that is over 40 years old it has a competitive edge that sets it apart from other small paving contractors in that they truly provide quality workmanship at very reasonable pricing using the best industry practices to ensure their clients are happy and return as a customer.

Reason for selling:

Owner is retiring after running the business for 40 years.

Support & Training:

Seller will offer necessary training and support.

Contact Business Seller

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Business Listed By:

Dustin Zeher

Horizon Business Brokers, LLC