Business Overview

This successful Commercial & Residential Paving & Seal Coating Company has been proving customer satisfaction for 25 years! Services include paving, sealcoating, striping and maintenance at its highest level. Most of the equipment is new or purchased in the last few years and includes items such as TB290 Excavator, Interstate Yodla TRL, 4 Triaxle Dump Trucks, 2 Skid Steers, Wacker Rollers, Pavers and more. The equipment value is around $1.4 million! This is a turn key operation with sales continuing to grow…on tract for their best year ever. (*Cash Flow is SDE…was $524,235 in 2019)

Financial

  • Asking Price: $2,950,000
  • Cash Flow: $346,840
  • Gross Revenue: $2,569,641
  • EBITDA: N/A
  • FF&E: $1,500,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1995

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business currently runs out of sellers property and will lease the space to new owner.

Is Support & Training Included:

Seller will provide whatever is needed for a smooth transition.

Purpose For Selling:

Semi- Retirement

Opportunities and Growth:

Plenty of business for growth

Additional Info

The venture was established in 1995, making the business 27 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell businesses. Nonetheless, the genuine reason and the one they say to you may be 2 completely different things. For instance, they might say "I have a lot of various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be excuses to try to hide the reality of changing demographics, increased competitors, current reduction in incomes, or an array of various other factors. This is why it is really essential that you not count completely on a vendor's word, yet rather, make use of the vendor's answer combined with your total due diligence. This will paint a more reasonable image of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that earnings margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new consumers? Many times, companies have repeat clients, which create the core of their day-to-day profits. Particular aspects such as new competitors sprouting up around the area, road building, as well as personnel turnover can affect repeat customers as well as negatively affect future revenues. One important thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the better the possibility to construct a returning client base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the neighborhood typical household income influence future revenue prospects?