Savvy And Profitable Paving Company with Intellectual Property
Savvy And Profitable Paving Company with Intellectual Property
Price: $5,300,000
Location: New York State
Industry: Construction
Status: New
Listing ID: VC220202DL014
Located in the NORTHEAST, the company is a market-leading full-service residential asphalt paving, sealing, and maintenance business that was established decades ago. According to Seller's suppliers, the business is several times larger than its nearest competitor. The Seller's commitment to "Every Job Done Right" has helped cultivate a high level of customer satisfaction and standing as the #1 brand in the area.
Total Sales: $5,374,473
Cash Flow: $1,170,476
EBITDA: $1,080,476
FFE Included: Yes
FFE: $2,500,000
Reason For Sale:
Retirement
Training & Support:
Seller desires to ensure a smooth and successful transition under terms to be negotiated.
Year Established: 1992
Employees: 20
Square Footage: 20000
Facilities Information:
FACILITIES: Seller also owns the real estate. It is available for purchase or lease but is not included in the asking price. The buyer of the business will be given the opportunity to lease or purchase the facility. The facility has over 20,000 SF of warehouse/office located within minutes of several major highways.
Competition:
Demand in the local market far exceeds the company's ability to meet it. To a large degree, this is the result of Seller's success in building the most recognizable brand with an outstanding reputation and integrated systems that enable the business to do many more jobs than the next few competitors combined. All of this happens despite a near lack of any meaningful marketing, all of which only underscores the strength of the opportunity.
Potential Growth:
There are several ways in which the new owner could grow the business including:
- Hire more labor to meet the demand.
- Expand the footprint outside the one county is serves.
- License the IP/technological backbone.
- Expand into commercial work.
- Add complimentary services (i.e. landscaping).
Financing/Terms:
Be advised that non-institutional Buyers will be required to provide proof of funds.
For more information on this listing, please complete our Non-Disclosure Agreement