68-Year-Old Resurfacing & Paving Business | Transworld Business Advisors

68-Year-Old Resurfacing & Paving Business

Listing Number: 0101-684205

Description

68-year-old family resurfacing and paving business provides a variety of asphalt repair & restoration solutions to its predominantly commercial customer base. 90% of projects are restorative and use the company's patented heavy duty proprietary protective coating products. On the commercial side, focus is homeowner associations where a target project is a $40-80K community roadway project. Strong history of resurfacing work for large department stores, government facilities & the aviation community. Steady 3-month pipeline of future work. Home based business w/leased garage-work space. Company also offers a more economical seal coating product (patented) which is included. Significant upside includes targeted marketing (virtually no advertising done at present) and offering their resurfacing products to retail consumer via distribution to big box home improvement stores. Seller is third generation owner who has decided to relocate out of State after a transition period with new owners.

Listing Details

  • Price: $550,000
  • Down Payment: $550,000
  • Sellers Discretionary Earnings: $220,586
  • Total Sales: $433,610
  • Location: Broward County, Florida

  • Inventory: $10,000
  • FF&E: $35,000
  • Employees: 4
  • Year Established: 1951
  • Reason for Selling: Relocating out of state
  • Category: Construction
68-Year-Old Resurfacing & Paving Business

Contact Agent:

Thomas R Milana, P.A. CBI