30 Year Profitable Paving Business

California

Ad ID: 1464529
Type: Established business
Category:

Financials
Asking: $1,050,000

Gross: $1,224,798
Cash Flow: $320,242

Summary Description
This thriving paving, sealing and striping company has been in business for more than 30 years. Located in a very attractive mountain area (near Lake Tahoe) makes for a lifestyle business with short and busy, repeat business seasons. The company consistently produces more than $1 million per year in revenue and drops more than $300,000 in owner’s discretionary earnings in just a seven-month season of operations. They enjoy winter months off for skiing, family vacations and down time. The company specializes in private and commercial: hot crack filling, sealing, paving and striping of walkways, driveways, parking lots and roadways. The paving jobs are intentionally limited to smaller, custom work resulting in higher margins than larger roadway paving that is left to large paving contractors. The company has several well-trained crews that take pride in their work, resulting in more repeat and new work requests than they can handle. Having to turn away requests each year due to operating at the owner’s comfort level, there is opportunity for growth. Being in the mountain area brings more than just lifestyle and short seasons, it drives demand for repeat services due to heavy wear and tear from the weather, snow removal equipment, sand and gravel and heavy tourist and local traffic. High barriers to entry and 30 years of brand identity and reputation in the territory also drive demand. The owner has invested back into the business diligently, leaving the new owner with a good fleet of updated, solid vehicles and equipment. He continues to maintain the integrity of the business reputation, and with that comes a lengthy transition period that he will extend to the new owner as well.

General Information
Year Established: 1986
Employees: 12

About the Sale
Financing: Seller will Finance via an SBA Loan
Reason Selling: Retirement











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