Driveway Paving Business in Passaic/Bergen County 60 Years
Business Description
This well-established residential asphalt paving company represents a premier business opportunity in the heavy construction sector. Founded in 1951, the organization has maintained continuous operations for over 70 years, establishing itself as a trusted provider of driveway paving services throughout northern New Jersey.
The company maintains a strategic focus on residential customers, serving the affluent Bergen County market and surrounding areas in Passaic County. This geographic positioning provides access to a substantial customer base, with Bergen County's population approaching one million residents and median household income exceeding $123,000.
Operational Infrastructure:
The business operates with an extensive equipment fleet valued at approximately $402,000, which includes modern trucks, skid steers, pavers, rollers, and trailers. This comprehensive asset base enables efficient project execution and positions the company to handle varying project scales and complexities.
Market Position:
The company has cultivated a reputation for quality workmanship, attention to detail, and superior customer service over its seven-decade operating history. The business benefits from strong market fundamentals, including Bergen County's robust economic conditions with unemployment rates around 3.9% and continued growth in the construction sector.
Growth Opportunities:
The service area presents significant expansion potential driven by ongoing housing demand, infrastructure improvements, and the region's economic stability. The company's established brand recognition and customer relationships provide a solid foundation for future growth initiatives.
This multi-generational family business offers buyers a turnkey operation with proven systems, established customer relationships, and strong market positioning in a high-demand geographic area. The transition represents an opportunity to acquire a stable, profitable enterprise with substantial growth potential in New Jersey's thriving residential construction market.
The company maintains a strategic focus on residential customers, serving the affluent Bergen County market and surrounding areas in Passaic County. This geographic positioning provides access to a substantial customer base, with Bergen County's population approaching one million residents and median household income exceeding $123,000.
Operational Infrastructure:
The business operates with an extensive equipment fleet valued at approximately $402,000, which includes modern trucks, skid steers, pavers, rollers, and trailers. This comprehensive asset base enables efficient project execution and positions the company to handle varying project scales and complexities.
Market Position:
The company has cultivated a reputation for quality workmanship, attention to detail, and superior customer service over its seven-decade operating history. The business benefits from strong market fundamentals, including Bergen County's robust economic conditions with unemployment rates around 3.9% and continued growth in the construction sector.
Growth Opportunities:
The service area presents significant expansion potential driven by ongoing housing demand, infrastructure improvements, and the region's economic stability. The company's established brand recognition and customer relationships provide a solid foundation for future growth initiatives.
This multi-generational family business offers buyers a turnkey operation with proven systems, established customer relationships, and strong market positioning in a high-demand geographic area. The transition represents an opportunity to acquire a stable, profitable enterprise with substantial growth potential in New Jersey's thriving residential construction market.
About the Business
- Years in Operation
- 75
- Facilities & Assets
- Buyer would have the option to buy all of the equipment which is an excellent condition from the seller. Equipment is valued at $405,000. This would be paid at closing on top of the purchase price so total asking price for all the equipment and inventory i $804,000.00
- Opportunities for Growth
- Great opportunity for someone looking to get into this business or acquire a service business. Also, I excellent opportunity for a current operator in this industry to expand their portfolio and grow by acquisition.
Real Estate
- Owned or Leased
- Leased
- Rent
- $2,000.00 per month
About the Sale
- Seller Motivation
- Retiring after over 30 years in the industry as the son of the original founder.
- Transition Support
- Cell are willing to train
Listing Info
- ID
- 2467372
- Listing Views
- 10
Listing ID: 2467372 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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