Paving Company

Raleigh, NC
Wake County

Asking Price: Annual Revenue:
$750,000 $1,721,288

Services: Construction, Contractors

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RE: Paving Company Broker: Tim Martin

Quick Facts

Asking Price: $750,000
Annual Revenue: $1,721,288
Net Profit: Not Disclosed
Cash Flow: $257,589
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: 8
BBN Listing #: 517027526
Broker Reference #: Not Disclosed

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Business Overview:

This is a fantastic turnkey opportunity to own a well-known, rapidly growing paving company that has built a solid reputation amongst its customers for delivery of high-quality, cost-effective solutions meeting customer’s property management objectives.

The company focuses on high-quality, cost-effective installation and restoration of asphalt and concrete structures including parking lots, driveways, curb & gutter, sidewalks, dumpster pads, speed bumps, and more.
Most projects consist of asphalt repairs on commercial properties such as office buildings, shopping centers, and other commercial properties.
The company has built a solid customer base throughout the Triangle area that provides about 70% of return business year over year. New customers account for the remaining revenue. 2 or 5 new high yielding customers can typically be realized per year.

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Property Features and Assets:

Facilities consist of rented office and outdoor fenced in storage space in Garner NC. Total lease amount is $2,600 per month for about 0.5 acres and a 2,500 square feet building used for office and small warehouse space. Currently leased through December 31, 2018.

Market Competition and Expansion:

Paving companies vary dramatically from large DOT / Highway only companies to the transient, low quality, sometimes corrupt, paving crews that roll through from time to time. The company has invested heavily in building its reputation as a trustworthy partner that customers know they can rely on for high quality, cost effective solutions to their parking lot issues which positions it favorably in most project bidding situations. The business is growing at a rapid pace, with revenue growing by over 30% over last year with impressive opportunities for immediately increasing value and realizing future growth. The best leverage to grow the business is to hire a dedicated sales person.

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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