Business For Sale

Profitable Asphalt Paving & Sealant Manufacturer

Not Disclosed, MI

Asking Price: Annual Revenue:
Not Disclosed $11,117,527

Manufacturing: Non-classifiable

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RE: Profitable Asphalt Paving & Sealant Manufacturer Broker: Seller of Business
License #: 6505390109

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $11,117,527
Net Profit: Not Disclosed
Cash Flow: $2,163,542
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1970
Employees: Not Disclosed
BBN Listing #: 531645079
Broker Reference #: 033

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Business Overview:

This highly profitable company provides asphalt paving, repair and maintenance services to customers in Michigan and Indiana. In addition, it also manufactures and markets proprietary sealant products. The Company’s products are used internally and sold to contractors throughout the region. Headquartered in Michigan, the Company has been in continuous operation for decades. Its customer base is comprised of a blend of commercial businesses from a wide array of industries, churches, schools, municipalities, financial institutions, property managers, and private residences.

The company’s real estate is owned by a related entity and is available for sale or lease. The company also owns a storage building in its name which is also available for sale or lease.

Buyers must have a minimum of $2 million in available capital to receive additional information.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found please email Calder Capital and request a PDF version.

Once we receive your NDA and answers to some basic questions the Confidential Offering Memorandum (OM) will be sent to you from the project manager.

IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email Calder Capital for support. Thank you in advance!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Real estate is owned by a related entity and available for sale or lease.

Market Competition and Expansion:

The Company has several investment highlights: 1) Recession Resistant Business Model – Historically, the Company has performed well during economic downturns. It is during these times that more individuals and businesses will seek out lower-cost repairs to extend the life of their investment. During the Great Recession of 2009, the Company operated profitably and hired excellent employees. 2) Repeat Customers – The Company’s extensive parking lot customer base requires maintenance on average every 2-3 years. This ensures, with a high degree of confidence, that the Company will continue to have repeat business indefinitely. 3) Excellent Employee Pool – Many of the company’s employees have been with the company for 15-30 years. This provides a new owner with a very strong support system. The Company conducts CDL training internally. While its competitors have laborers and drivers, this Company has laborers who also drive providing the company with a flexible, competitive advantage. 4) Limited Competition – This Company is the dominant maintenance business in the region. Although there are other smaller companies that offer similar services, many of them are actual or potential buyers of the Company’s products. The Company's growth opportunities include: 1) Grow Sealant Manufacturing Business – Manufacturing and selling more sealant would likely generate the highest return on investment for a new owner as this division of the Company operates with low overhead. Currently, five individuals are generating approximately $3M in sales to other companies in the area and supply the Company with most of its sealants. 2) Utilize and Integrate Technology – Admittedly, the Company has been slow to integrate technology and software into the operations, sales, and marketing functions of the business. A Customer Relationship Management system, an Enterprise Resource Planning system, job tracking system, and employee management system are all potential investments that could drive greater efficiencies. Currently, the Company does not do any online marketing. Investments in this area may also provide additional growth opportunities.

Reason for Selling:


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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