Trusted NYC Area Commercial Paving Business

Not Disclosed, NY

NYC Area

Asking Price: Annual Revenue:
$6,025,000 $21,000,000

Services: Construction, Contractors

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RE: Trusted NYC Area Commercial Paving Business Broker: CORTNEY SELLS
Owner Financing is Available!
15% Buyer Down Payment $903,750 15% Seller Financing or Equity $903,750 70% Bank Loan $4,217,500 A 15% down payment of $903,750 returns $419,281 in the first year after debt payments!

Quick Facts

Asking Price: $6,025,000
Annual Revenue: $21,000,000
Net Profit: Not Disclosed
Cash Flow: $1,213,879
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1979
Employees: 20
BBN Listing #: 774234398
Broker Reference #: CBI033-b

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Business Overview:

This NYC-based multi-service commercial paving business has $21M in backlog to be completed by early 2023, equating to $1.68 million in profits! This company is frequently selected for both standard and unique paving projects for multiple government organizations, resulting in repeat clientele! Their services include concrete, excavation, asphalt, and paving work. Established in 1979, they have grown steadily and have recently won an award for their restorative work at one of NYC’s greatest parks!

With a team of 20 core people in place, there is no shortage of trained professionals at hand. This includes the office staff, project managers, and foremen. There are also 30-50 union laborers, who are used as needed depending on the job. There are two owners currently, though one spends only 1 hour per day checking in on job sites throughout the city, and the other manages the office staff. The valuation does allow for one full replacement to cover both positions, though it is not necessarily needed based on the qualified team they have in place.

They do have to be bonded for certain projects, but over the course of their 43 year history, this company has never defaulted on a project. This not only assists in the confidence of the firm holding their bond, but it assures the client that they know what they are doing and take great pride in the presentation of their work. This pride and eye for detail has led to a stellar reputation and has allowed them to soar above competition over the years.

At a purchase price of $6,025,000, a buyer would expect to see a return of $419,281 in the first year after debt payments. With natural growth opportunities available and a highly-trained core staff, there is no limit to what this business could do!

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Property Features and Assets:

12,000 square feet, including office, shop, machines, storage; there is still about 8,000 square feet of unused space that could be used for expansion!

Reason for Selling:

Retirement/Exit Strategy.

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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