Concrete & Asphalt Restoration Services Company

Denver, CO
Denver County

Asking Price: Annual Revenue:
Not Disclosed $9,323,272

Services: Construction, Contractors

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RE: Concrete & Asphalt Restoration Services Company Broker: Larry Huff, Jr.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $9,323,272
Net Profit: Not Disclosed
Cash Flow: $772,147
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 50
BBN Listing #: 1029708
Broker Reference #: 5567

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Business Overview:

This acquisition opportunity is a concrete and asphalt hard surface restoration services company. The Company is a leader in their industry and their client portfolio includes cities and local municipalities, state agencies, utility providers and utility contractors. Project types include streets, alleys, sidewalks and pothole repairs that are disturbed by contractors that are installing utility upgrades. Types of upgrades include communications cable installations, phone (Cellular 5G Upgrades) new fiber to the homes and commercial building construction, natural gas and power upgrades by utility contractors in all public municipality highways and roads. The Company only engages in Master Service Agreements with their clients. These contracts eliminate the need invest resources in estimating and bidding and allows the Company to focus on efficiencies, speed and quality control. Their average contracts are three to seven years in length keeping the company pipeline of work full for multiple years at a time. The Company has built a stellar reputation in the industry and has positioned itself as a leader of concrete and asphalt restoration in the area. The Company has great relationships with their suppliers and is considered a preferred customer by many. During the Covid-19 Pandemic, They were able to keep their supply chain intact and remained a critical infrastructure supplier throughout the Pandemic. The continued population expansion and development in the state are contributing to overall economic growth and the new construction industry is expected to benefit from an increase in residential and commercial projects. Continued growth can be realized in all aspects of the business.

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Market Competition and Expansion:

With the new federal highway funding in place, there are nine billion dollars allocated to the communications industry alone—not including the county and Colorado highway and municipalities funding. This will undoubtedly impact the company in utility movements and in the easements and streets prior to the start of any projects being designed. The new infrastructure bill requires all road projects designed to have the utilities moved or lowered and requiring asphalt / concrete restoration to be placed until the actual road projects begin. This is expecting to provide for over ten years of continuous work. The new Federal Highway funding has nine billion allotted in the telecommunication sector of the bill and many of the Company’s customers are anticipating large growth for themselves here in Colorado. Also included in the bill there is funding for municipalities and highway departments for new highway construction, sewer and water main upgrades which requires the utilities in communications, gas and power to be relocated.

Reason for Selling:

Pursue Other Interests.

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.

Relevant Links:

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