50-Year Hampton Roads Paving Company

Asking Price$4,500,000

Cash Flow

EBITDA$800,000

Gross Revenue$3,082,346

Inventory$5,000
Included in asking price
FF&E$520,000
Included in asking price
Real EstateNot Disclosed

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50-Year Hampton Roads Paving Company


Asking Price$4,500,000

Cash Flow

EBITDA$800,000

Gross Revenue$3,082,346

Inventory$5,000
Included in asking price
FF&E$520,000
Included in asking price
Real EstateNot Disclosed


Seller Financing Available
Business Description
50-Year Hampton Roads Paving Company
50 Years of Proven Success • Established Reputation • Strong Backlog • Significant Growth Opportunity

**THIS BUSINESS IS PRE-QUALIFIED FOR SBA LENDING**

Founded in 1975, this respected asphalt paving contractor has built one of Hampton Roads' most recognizable local brands through nearly five decades of quality workmanship, exceptional customer service, and long-standing customer relationships.

The company provides a full range of commercial and residential asphalt paving and pavement maintenance services, including:
Commercial paving
Parking lot construction
Asphalt overlays
Private roads
Residential driveways
Sealcoating
Pavement repairs
Grading

The business serves a broad customer base throughout Virginia Beach, Chesapeake, Suffolk, Norfolk, Portsmouth, Franklin, Smithfield, Isle of Wight County, and the surrounding Hampton Roads region.

Competitive Advantages:

✔ 50 years of operating history

✔ Strong reputation built primarily through referrals and repeat customers

✔ Healthy 4-month backlog providing excellent revenue visibility

✔ Diversified commercial and residential customer base

✔ Vertically integrated operations with on-site inventory, maintenance capabilities, and operational efficiencies

✔ Financing program available for residential driveway customers, creating a competitive advantage and supporting higher close rates

✔ Experienced workforce with low employee turnover

✔ Long-standing supplier relationships

The company generates business primarily through its outstanding reputation, repeat customers, referrals, website presence, and strong Google visibility, resulting in minimal reliance on paid advertising.

Demand for quality paving services remains strong throughout the region, providing an excellent platform for continued expansion. Opportunities exist to further grow commercial accounts, increase municipal work, expand pavement maintenance contracts, and leverage the company's established reputation across Hampton Roads.

This business is ideally suited for:
A strategic paving or construction company seeking geographic expansion
A private equity-backed platform or add-on acquisition
An owner-operator looking to acquire a well-established business with immediate cash flow
A larger contractor seeking to expand market share through an established brand

The seller is committed to facilitating a smooth transition and will provide reasonable training and support to ensure continued success.

Opportunities of this caliber rarely become available. Companies with nearly 50 years of operating history, an established reputation, experienced employees, and a strong backlog are highly sought after in today's market.
About the Business
Years in Operation
51
Employees
6 Employees
Facilities & Assets
Founded in 1975, this well-established asphalt paving contractor has grown from a single-truck operation into one of the Hampton Roads region's most respected independently owned paving companies. Over nearly five decades, the Company has built a reputation for delivering exceptional workmanship, dependable service, and long-term customer relationships throughout the commercial and residential paving markets.

The Company's success has been driven primarily by repeat business, customer referrals, and a commitment to quality rather than extensive advertising. This disciplined approach has created a loyal customer base, an excellent reputation, and consistent demand for its services.

Market Outlook / Competition
The Company operates in a competitive regional paving market that includes small owner-operated contractors, residential driveway specialists, and larger commercial and infrastructure-focused firms. Its primary competitive advantages are its nearly 50-year operating history, strong local reputation, experienced crews, broad service capabilities, established supplier relationships, and substantial repeat and referral business. Unlike many smaller competitors, the Company can provide a full range of paving and pavement-maintenance services while also offering financing options for residential customers and maintaining key materials and equipment support on-site. The business is not currently dependent on formal marketing, which demonstrates the strength of its reputation but also creates meaningful upside for a buyer willing to invest in sales and lead generation.
Opportunities for Growth
The Company offers significant upside for a new owner through the implementation of a more proactive growth strategy. To date, the business has generated the vast majority of its revenue through referrals, repeat customers, and its long-standing reputation, with virtually no formal marketing or business development efforts. A strategic investment in digital marketing, search engine optimization (SEO), Google Ads, social media, and commercial sales outreach could substantially increase lead generation and market share.

Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
2,000
About the Sale
Seller Motivation
Retirement
Transition Support
4 weeks
Financing Options
Financing Amount $1.500.000,00 ROI 5% Terms Months 12 Monthly Payment $128.411,22
Listing Info
ID
2538310
Listing Views
14

Listing ID: 2538310 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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