Profitable Midwest Paving Company

Not Disclosed, SD

Asking Price: Annual Revenue:
$5,900,000 $8,478,792

Services: Construction, Contractors

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RE: Profitable Midwest Paving Company Broker: Cortney Sells

Quick Facts

Asking Price: $5,900,000
Annual Revenue: $8,478,792
Net Profit: Not Disclosed
Cash Flow: $1,202,882
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1987
Employees: 15
BBN Listing #: 994434398
Broker Reference #: CBI035

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Business Overview:

This South Dakota paving business has it all with excellent repeat clients, a highly experienced team, and the option to grow! This company consists of 15 FT, year-round employees and hire on additional workers for projects as needed. Of these additional hires, they have 12 seasonal workers who continue to come back year after year. They also boast an extremely efficient general manager who knows the ins and outs of the operation and provides support for billing, supply ordering, A/P and A/R, reporting, and contractual agreements. The current owner is very hands on, visiting projects daily and helping out when and where they are needed.

This company has been in business for 35 years and has their process down to a science, resulting in lower costs for their clients and a higher profit margin than their competitors. The vast majority of their projects come from city, county, and state governments throughout South Dakota and Nebraska, filling up their schedule by April by winning bids in each area. With enough current equipment to support an additional team, the resources are ready to go to expand the business if desired!

They waste no time and often complete small projects while in the area for larger projects. Small projects can be completed in as little as one day, and they complete even their largest projects within 10 days. Billing is also done in a timely manner, with invoices going out on the day of completion of the project. On smaller, private projects, the cost is collected before the project even begins!

Priced at $5,900,000, this South Dakota paving business is ready for their next step and is an excellent opportunity for any new owner!

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Property Features and Assets:

Building with three office spaces, three outdoor parking lots, and 2,500 sq. ft. mechanical shop; seller will maintain ownership of the property and lease at $3,000/month

Reason for Selling:

Retirement Planning

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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