Parking Lot Maintenance & Repair Business

Not Disclosed, FL
Palm Beach County


Asking Price: Annual Revenue:
$635,000 $1,215,561

Services: Construction, Contractors


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RE: Parking Lot Maintenance & Repair Business Broker: Steve Fenton

Quick Facts

Asking Price: $635,000
Annual Revenue: $1,215,561
Net Profit: Not Disclosed
Cash Flow: $220,934
Total Debt: Not Disclosed
FF&E: $280,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 9
BBN Listing #: 473311185
Broker Reference #: 170-02897

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Business Overview:

Established parking lot and street maintenance and repair business with exceptional reputation specializing in asphalt repair and sealcoating, painted and thermoplastic marking and striping, pressure washing, crack repairs, wheel stops, and signage. Company has solid repeat customer base and is in a robust growth area.
Seller meets clients and prices jobs, conducts daily general management. 3 crews perform work, each led by field supervisor; 2 crews focus on projects, other crew handles daily repair work orders. Customers primarily residential subdivisions, office and retail parking lots, and municipalities.
Typically, 90-to-120-day work backlog. Opportunities to grow by extending geographical coverage area, add more crews, expand services such as paving. $250,000 value state-of-the-art, well-maintained equipment included, located on owners 5-acre residential property; equipment would need to be relocated. Small office in town for admin, annual lease can be assigned. BONUS: Ask about real estate purchase option: modern residence, multiple outbuildings including 3 covered carports, large shed.
Owner will train for 4 weeks, available after for phone consults. Clean books and records, qualified for SBA financing, including $30,000 working capital. Earn-back your capital investment in less than one year!

Loan Amt: $600,750. Mos: 120. Rate: 5.75. Mo Pmt: $6,594.39

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Property Features and Assets:

Lease/Month: $970. Square Footage: 879. Building Type: Office. Terms & Options: Annual renewals. Expiration Date: 9/1/2022

Reason for Selling:

Relocation

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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