Paving and Maintenance Contractor- Very Profitable

Springfield, MO
Greene County

Major City Thoroughfare


Asking Price: Annual Revenue:
$799,000 $1,329,532

Services: Construction, Contractors


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RE: Paving and Maintenance Contractor- Very Profitable Broker: Jerry Myers
Owner Financing is Available!
Seller will consider providing some seller financing if required by the SBA lender.

Quick Facts

Asking Price: $799,000
Annual Revenue: $1,329,532
Net Profit: Not Disclosed
Cash Flow: $334,505
Total Debt: Not Disclosed
FF&E: $225,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 10
BBN Listing #: 64234791
Broker Reference #: Not Disclosed

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Business Overview:

• Business is well established and nicely profitable
• General manager in place and willing to stay on
• Usually Monday through Friday work week only
• Business selling for less than its valuation of $861,000
• Clean books and records
• Very minimal inventory required
• Seller will train
• Business qualifies for SBA financing, which means lower down payment and longer terms

The seller is representing that the Discretionary Earnings for the business for 2020 were $334,505 and that he can prove that to a buyer and their accountant. That amount is AFTER deducting the estimated yearly debt service on the purchase of the real estate from which the business operates.

This business qualifies for SBA financing, since it has good books and records, and is priced appropriately for its Discretionary Earnings.

The Covid Relief Act signed by the president in December of 2020 provides for the first three months of payments on new SBA loans to be made by the federal government (up to $9,000 per month) for loans approved before September 30 of 2021. In addition, the SBA borrower fees are eliminated.

The seller has placed the business on the market for less than it’s valuation.

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Property Features and Assets:

The business operates from an office and shop that is centrally located to its customers and which is owned by the business. The real estate is available through VR’s sister company Professional Real Estate, LLC for $595,000.

Market Competition and Expansion:

There is normal competition in the area.

Reason for Selling:

Must Move To Another State.

Additional Details:

  • The property is owned.
  • 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.

Documents:

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