NOT DISCLOSED, Michigan
| Asking Price |
|
Year Established |
1987 |
|
| Annual Revenue |
$6,978,283 |
Reason for Selling |
Owner retirement / planned ownership transition |
|
| Annual P/L |
|
Attention |
Art Crosby |
|
| Annual Cash Flow |
$2,677,677 |
Listing Number |
1017485 |
|
| # of Employees |
17 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
This is a rare opportunity to acquire a highly respected concrete and asphalt repair contracting business with a 38-year operating history serving commercial, municipal, and residential customers throughout Metro Detroit and Southeast Michigan.
The company provides a full range of pavement repair services, including concrete pavement, sidewalk, driveway, and curb repairs; asphalt repairs; structural concrete repairs; joint sealing and repairs; and drainage repairs — supported by a substantial company-owned equipment fleet (71 units, approximately $2.9 million in gross book cost) that eliminates reliance on rented equipment and supports reliable, in-house project execution.
Financial performance has been outstanding. Revenue grew 32.8% in the most recently completed fiscal year to $6,764,732, and momentum has continued into the current year — through the first eight months, revenue of $6,978,283 already exceeds the entire prior full year. The business carries zero long-term debt and maintains a strong cash position.
The company benefits from a diversified commercial, municipal, and residential customer base, an experienced and long-tenured workforce (including multiple Journeyman-level operators, with average tenure of over 11 years), and a favorable infrastructure-funding backdrop that continues to support demand for municipal pavement repair and rehabilitation work.
Property Features and Assets:
Leased yard and building facility in the service territory; not included in the sale. Lease may be assumed or renegotiated with landlord
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity