Sealcoating And Parking Lot Striping Business

Business Overview:

This sealcoating and parking lot striping business has been around for almost 50 years! This business provides sealcoating, parking lot striping, and maintenance services in the greater Knoxville metro area. They also install signposts (stop signs, handicap signs, etc.), wheelstops and bollards. Of the two retiring current owners, one works 20-25 hours, and the other works 10-15 hours per week, both in a managerial/operational/admin/semi-absentee capacity. They do not typically do the sealcoating or striping themselves. This operation employs one salaried and two hourly employees who work as needed, anywhere from 20-40 hours per week depending on the workload. Owner offers bonuses in addition to regular pay. Most commercial business comes in by phone. This business operates by word-of-mouth and connections with various construction and asphalt related companies. Business may also come from organic search, or from job sites. Does not do a lot of government or bid work as it hasn’t been necessary, nor a lot of advertising; they do not have a “sales staff”. This is a great opportunity to own a long-established business, a good income, and the ability to scale this established business with name recognition and a demand for their services.

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Property Features and Assets:

Monthly Rent: $2,200.00

Square Units (Foot, Meter): 1,800

Lease Expiration Date: April 22, 2034, 12:00:00 AM

Terms Options: Favorable long term lease available, possible option to buy real estate, may relocate at buyer's option.

Facilities: Metal building with 2 roll up doors, 2 offices, and restroom. Located in a mixed industrial residential neighborhood.

FF&E Overview: Includes all equipment and trucks, forklift, bulk tank, trailers, hauler, seal rigs, welders, and more. Full list provided in Business Summary.

FF&E General Condition: Good condition and well-maintained

Market Competition and Expansion:

Competition: There are several other sealcoating businesses in the area, but there is more than enough business to go around. Seller can speak to this subject in a Buyer/Seller meeting.

Expansion: Add additional employees, advertise, use social media. Add thermo-plastic and patching services, sell sealer from the 6,000 gallon bulk tank. Set yourself up to meet the demand and grow from there. Focus on excellent service and quality work as they do now, and new business will come. Most business comes via referrals now. This long-established business has many connections, offers excellent cash flow, and still many ways to grow.

Reason for Selling:

Retiring

Additional Details:

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