Asphalt Paving Repair & Maintenance Contractor

Not Disclosed, CA
San Mateo County

Greater San Francisco Bay Metro Area

Asking Price: Annual Revenue:
$399,000 $638,000

Services: Construction, Contractors

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RE: Asphalt Paving Repair & Maintenance Contractor Broker: Tim Cunha
License #: 01919755

Quick Facts

Asking Price: $399,000
Annual Revenue: $638,000
Net Profit: $188,553
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: CA
Year Established: 2009
Employees: Not Disclosed
BBN Listing #: 855539224
Broker Reference #: 6006

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Business Overview:

This successful, thriving, profitable business provides commercial and residential asphalt maintenance, repair, and restoration services throughout the greater San Francisco Bay metro area. In business for nearly 20 years, they have earned a sterling reputation for superior service, punctuality, and fair pricing, with hundreds of recurring customers year after year.

They help property owners avoid costly replacements and improve the appearance, safety, and value of their parking lots and driveways, matching the quality inside with the curb appeal on the outside. Currently they do very little “new construction;” but, a new owner could expand into that market area. At least 50% of contracts each year are recurring sales from past customers, with the typical customer returning for repair/maintenance/restoration on a 1- to 3- year cycle.

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Property Features and Assets:

Services include: Driveways, Private Streets, Roadways, Patios, nad Pathways ; Sealcoating & Crack Filling; Pothole Repair; Asphalt Patchwork; Concrete Repair; Game Courts; Striping & Custom Stenciling; Safety Bollards; Wheel Stops; Speed Bumps; Americans With Disabilities Act (“ADA”) Striping & Compliance; ADA & Van Accessible Zones; Ramps; Detectable Warning Systems; Signage … of all kinds.

Market Competition and Expansion:

Centrally-located on the San Francisco Bay in the heart of Silicon Valley, they serve the greater metropolitan Bay Area including the North Bay (Marin, Sonoma, Napa, & Solano Counties); the East Bay (Contra Costa & Alameda Counties); the Peninsula (San Francisco & San Mateo Counties); and the South Bay (Santa Clara & Santa Cruz Counties) from a 750 sq. ft. rented facility at $1,225 per month. Licensed by the State of California, the business specializes in residential homes, gated communities, homeowner’s associations, churches, schools, shopping plazas, hotels, motels, and properties with unique traffic flow and parking situations. They take pride in tailoring each job to fit their customer’s needs and pay special attention to lessening inconvenience to tenants and customers so that businesses can remain open during the paving maintenance. Based on January through May of 2019, 2019 annual sales are projected to exceed $700,000. Sales for 2018 were $637,796; for 2017, $481.009; and for 2016, 470,768. Seller’s Discretionary Earnings (“SDE”) for 2018 are estimated at just over $188,500, and are expected to exceed $200,000 for 2019. Work is performed by the owner-manager, one W-2 employee, and three 1099 subcontractors. Transition, training, and transfer. The owner is willing to negotiate a substantial consultation period for training the new owner and for the seamless and smooth transfer of ownership and management All vehicles and equipment used in the business are company-owned and included in the sale. The Transaction: The business is offered for a total asking price of $399,000 (approximately 57% of projected annual sales / 2.35x projected SDE). This is for the entire business— tangible assets, e.g., equipment, machinery, vehicles, furniture, fixtures, etc.; website, trademark, logo, trade name, telephone number, methods of operation, vendor/supplier resources, customer lists, etc.; and good will. It does not include cash, accounts payable, accounts receivable, rental (lease) deposit, or corporate entity. Any inventory is extra at actual cost, or a price to be negotiated. Some seller financing may be available for a qualified buyer with adequate collateral and sufficient credit. Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

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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