Profitable and Established Asphalt Sealcoating Business in OH, KY, IN

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Great opportunity to run your own successful business
Asking Price:
$495,000

Gross Revenue:
$800,000
Cash Flow:
$169,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Motivated seller. Successful, well established, profitable asphalt sealcoating business for sale. This business serves the Cincinnati, Dayton, Columbus, OH, Eastern Indiana, and Northern Kentucky markets. This business is Ideal for partners, couples, or sole proprietors who are sick of the corporate rat race and looking to run their own business. This is a seasonal business operating from April to October (7 months) providing asphalt sealcoating, crack filling, patching and striping services for residential and commercial customers.

This company has a database of 109,300 asphalt driveway and parking lot customers with 11,700 active customers. With 70% being repeat business. Averaging 2,700 driveways and parking lots per year for the last 3 years. This company averaged $800,000 in revenue and a gross profit margin of 52% the last 3 years.

This company has a unique marketing program for generating sales and getting a consistent revenue stream each year. With the structure of the company, there is an opportunity to franchise this business in other markets. This company has a very good reputation.

Willing to sell the whole company or sell assets individually.

About the Business

Year Established:
2009
Number of Employees:
20
Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Amount/Mo.:
$795.00
Facilities:
8,000 gal sealcoat storage tank, Diesel 1,000 gal and Gas 550 gal tanks,5 Sealcoat trucks w/tanks: 2004 Chevy Silverado w/ 300 gal tank, 2014 ISUZU NPR w/ 300 gal tank, 2014 ISUZU NRR w/ 575 gal tank, 2015 ISUZU NPR w/ 300 gal tank, 2015 ISUZU NPR w/ 575 gal tank, 2005 Ford F-150 Pick-up Truck, Line Striper and stencils, Trimmers & blowers, Box Storage Trailer
Customer Database 109,300, Office equipment (furniture, computers, phones), routing software and GPS tracking, Customer administrative website for scheduling and billing.
Website:
www.premiumsealcoat.com
Market Outlook/
Competition:
The Cincinnati, Dayton and Columbus markets seem to have an endless supply of asphalt driveways and parking lots that need sealcoating maintenance annually. Asphalt sealcoating should be done every 2 to 3 years, which provides the opportunity for many repeat customers and a continuous revenue stream.
Growth & Expansion:
The company maintains a customer database of 109,300 with detailed estimates (price, facts about the customer property, etc.). 90% of business revenue is residential, 10% is commercial. In 2017 the company increased it's commercial property business and saw a significant spike in business with the expectation that this sector will continue to grow. Beyond commercial sector growth, this company can also increase its residential business by expanding in other Tri-state cities.
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About the Sale

Reason For Selling:
The owner of the company is relocating due to spouse’s job transfer.
Training/Support:
The owner is willing to assist the buyer(s) during the transition period of the business. NDA required if interested in acquiring this company.
Seller Financing:
The company is being pre-qualified by Huntington Bank for SBA financing

Listing Info

ID:
1361005
Ad Detail Views:
804

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Business Listed by
Lu Anne Van Kleunen

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U.S. Census Data for Warren County, OH
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Source: Decennial Census (2010), United States Census Bureau.

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

U.S. Community Survey Data for Warren County, OH
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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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