Asphalt Maintenance - Seal Coating, Crack Fill, As

Not Disclosed, WY

Asking Price: Annual Revenue:
$1,500,000 $477,062

Services: Construction, Contractors

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RE: Asphalt Maintenance - Seal Coating, Crack Fill, As Broker: Joe MacGuire
Owner Financing is Available!
$1,350,000 Down/$150,000 Over 60 Months @ 5%.

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $477,062
Net Profit: Not Disclosed
Cash Flow: $23,174
Total Debt: Not Disclosed
FF&E: $280,000
Real Estate: Not Disclosed
Year Established: 1987
Employees: 4
BBN Listing #: 97774955
Broker Reference #: 7503-16331

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Business Overview:

Asphalt Maintenance and Asphalt Seal Production Plants for sale. The asphalt maintenance company handles all aspects of asphalt maintenance, seal-coating, crack-filling, pothole-repair, striping, and marking, The asphalt sealant plant side of the business handles the production of rubberized asphalt emulsion protective coating and concrete over-sealant. The business has two production plants currently operating in an insulated and heated building with a third plant ready to assemble in a new location. The offer includes trademarked jet black sealant formula that has been tested and approved by private and government entities.

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Property Features and Assets:

The business is housed on three lots with three separate buildings and a storage shed. The first building is approximately 1,440 square feet and houses the administrative offices and a very attractive and comfortable furnished built-in apartment. Everything is updated and built to code. The second stand-alone, insulated and heated building with water is approximately 5,600 square feet with three 14' overhead doors and houses two asphalt sealant production plants as well as storage space, maintenance workshop and loading areas. The third building is approximately 4,608 square feet, is insulated and features three 14' overhead doors with plenty of space to store the majority of the equipment indoors. The storage shed is approximately 80 square feet. The lot is zoned MU and is in a prime location on the intersection of two main roads. The lot has plenty of space for truck, trailer and equipment storage and to stage equipment for jobs. Assets = $1,160,000.

Market Competition and Expansion:

No other competition in the immediate area with the large selection of equipment and capacity. The closest asphalt sealant production plant is over 100 miles away. There will always be small independent operators in this industry with a truck, tank and spray wand. This business is geared up for larger jobs and has the distinct advantage of producing its own seal coat product. Company has sold wholesale seal coat to small competitors including operators outside of the geographic target market. Good potential for growth. Business has scaled back do to the owner's age. This business is prime for younger more aggressive ownership with great potential to grow geographically including higher production levels and sales of bulk seal-coat material.

Reason for Selling:

Owner is ready to retire.

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.

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