Business for Sale Overview:
The March Group currently represents an asphalt paving contractor serving a wide range of customers including commercial, industrial and governmental customers in Tennessee. The Company’s core line of business consists of asphalt paving, excavation, trucking and related services. Impressive profit margins of over 15% with 2007 posted EBITDA of $605,000 on revenues of $3.9 million. Backlog as of April ‘08 was approximately $1.5 million of recognizable revenue, scheduled for completion throughout 2008. Contracts result from approximately 70% bidding, with the remaining 30% negotiated directly. Average project duration is 3-5 days. Known for its reputation, knowledge and expertise, the Company is respected and recognized among peers and customers. Established customer base of 120 annual customers creates a strong asset, contributing to stability and presenting opportunities for revenue growth. Boasts an extremely high client retention and repeat business rate of approximately 95%. While the shop itself and 95% of business is non-union, key personnel are members of the Operators and Engineers Union, giving the Company a competitive advantage when working in a union environment.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Company-owned facility includes 6,000 square feet of office and shop space located on eight acres of land, all available for purchase along with the business.
Market Competition and Expansion:
Considerable growth potential exists for this business, with expansion opportunities including additional crew to install concrete curb work, line painting services and site grading - services which are currently either not pursued or are subcontracted by the Company.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.