Asphalt Paving Company/Northeast Ohio

Not Disclosed, OH
Cuyahoga County

Cuyahoga County

Asking Price: Annual Revenue:
$555,000 $2,007,743

Services: Construction, Contractors

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RE: Asphalt Paving Company/Northeast Ohio Broker: Michael Carrozza

Quick Facts

Asking Price: $555,000
Annual Revenue: $2,007,743
Net Profit: Not Disclosed
Cash Flow: $218,811
Total Debt: Not Disclosed
FF&E: $363,938
Real Estate: Not Disclosed
Year Established: 1982
Employees: 9
BBN Listing #: 28984955
Broker Reference #: 4306-14694

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Business Overview:

This Company, started in 1982, services both commercial and residential clients. The Company provides asphalt paving, sealcoating, repair and resurfacing.
This is a seasonal business that operates from April through November. The Owner uses the off-season to work on bids, service equipment, take some personal time and gear up for the upcoming season.

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Property Features and Assets:

The Company operates out of a facility that has a warehouse (approximately 2,500 square feet), outside storage (total is 200 ft x 200 ft) and office space (500 square feet). The real estate is NOT included in the purchase price but is available for lease at $1,500/month or for the purchase price of $150,000. The Real Estate is listed with Thomas J. Shutrump Realty. Total Assets Included: $393,454

Market Competition and Expansion:

The company started in 1982 as a sealcoating company. In 1992, the company added residential asphalt paving and it quickly became the company focus. By 1993, the asphalt paving surpassed sealcoating sales. In 1998, the company started doing commercial paving and by 2012 the company achieved over $1 million in sales. The Company has grown steadily and by 2018 exceeded $2 million in revenue. The company has maintained its residential customer base and continued to focus on growing the commercial side of the business.

Reason for Selling:

Owner would like to retire due to health issues.

Additional Details:

  • The property is leased.
  • 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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