35+ Year Old Profitable Paving Company

Not Disclosed, NA


Asking Price: Annual Revenue:
$9,900,000 $19,800,000

Services: Construction, Contractors


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RE: 35+ Year Old Profitable Paving Company Broker: Michael Berry

Quick Facts

Asking Price: $9,900,000
Annual Revenue: $19,800,000
Net Profit: Not Disclosed
Cash Flow: $1,757,000
Total Debt: Not Disclosed
FF&E: $5,740,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 50
BBN Listing #: 325941635
Broker Reference #: 3953-627354

Email or Print Listing

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Business Overview:

Midwest union based paving company that has continued to persevere through economic downturns, shifts in technical applications of their service offerings and the evolving personnel relationships with local unions and client base. The company’s continued success is driven by strong management efficiencies put in place by the CEO and VP who have been with the company since inception. Discipline in pricing has given the company an average gross margin of 16%, nearly double the industry average. The company goes to market solely through the public bidding process and has a reputation for getting the job done well and on-time. The public market process allows the company to grow by word of mouth and reputation which results in little or no need for marketing.

Business has been operating for over 35 years. Fifty person team with an average tenure of 15 years with the company. Go-to-paving company in their geographic market with consistent financial performance.

With a diverse client base, strong management structure, proven financial record, and the vastness of the geographic market and industry, this Company is poised for continued success under new management or guidance.

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Reason for Selling:

retirement

Additional Details:

  • The property is leased.
  • The owner is not 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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