Asphalt Paving w/ Multi-Year Contracts

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Asking Price:
$1,840,000

Gross Revenue:
$1,800,556
Cash Flow:
$628,628
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$810,365
included in asking price

Real Estate:
 Not Disclosed

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Business Description

If you are looking for an in-demand asphalt paving business in a town booming with construction, then look no further than this gem. Started in 2010, this business has experienced rapid growth since 2014. Working on commercial and residential projects, the main services provided by this company are asphalt road repair and paving for municipalities, utilities, builders, and schools. Also offering poured concrete work, this business completes projects such as poured wall construction, footings, curbs, gutters, and storm ponds. Other services can include excavation, gravel paving, and parking lot preparation.

This growing company contracts with local municipalities, schools, utilities, and other entities to provide superior and low-cost options for maintenance, remodels, or new projects. With a highly-regarded name in the community and a marketing strategy that is hard to miss, this company is known for quality work, affordable prices, reliability, and an honest approach.

While this company has grown tremendously, there is much room for expansion and further gains. The owners have decidedly maintained a healthy, yet smaller business by choice. A new owner, looking to grow a business by increasing services and/or increasing the team, will be pleasantly surprised by the available work.

Years Operational: 8
Location and Service Area: Tennessee
Services: Asphalt patching & paving, poured concrete
Clients: Municipalities, Utilities, Schools, Builders
Lease: Currently very low overhead, details in BQ
Reason for Selling: Retirement
Employees: (1) COO/Sr. Project Manager, (1) Office Manager, (2) Project Managers, (1) CDL Driver, (2) Leads, (3) Labor
Hours: M-F 7-5
Seller Training Period: Sellers can stay on up to 1 year to maintain contacts, contracts, and consistency
Growth Opportunities: Many inquiries about work come in daily, hire additional staff to increase capacity, high working capital will allow increased work potential, expand concrete services
Current Owner’s Responsibilities: Business development, regulatory compliance, payroll

Equipment and Vehicles: Excavator, Hotbox, Paver, Tack Truck, Roller, Infrared Recycler, Western Star Truck, Tilt Trailer, Track Loader, Chevy Flatbed, GMC Flatbed, Gooseneck Trailer
Intangible Assets: Reputable and positive name in the community, dynamic branding, positive word-of-mouth referrals, building boom in the area
*amounts may vary

About the Business

Year Established:
2010
Number of Employees:
10
Growth & Expansion:
Many inquiries about work come in daily, hire additional staff to increase capacity, high working capital will allow increased work potential, expand concrete services
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About the Sale

Reason For Selling:
Focus on Family
Training/Support:
Sellers can stay on up to 1 year to maintain contacts, contracts, and consistency
Seller Financing:
12.5% Seller Financing: $230,000

Listing Info

ID:
1492552
Ad Detail Views:
1223

Attached Files Attachment Disclaimer

  b. Summary - CON037.docx (35 KB)
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U.S. Census Data for Davidson County, TN
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Davidson County, TN
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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