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Profitable Paving Company With Contracts

Location  North Carolina,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $2453078
Net Profit / Cash Flow  $472253
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1971
Number of Employees  6 - 9
Inventory  188386
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  Seller will provide training.
Reason for Sale  Retirement of senior partner.
Description  Established for over 40 years, this extremely profitable and stable paving company serves mainly commercial construction contractors in, and around, North Carolina and surrounding states. The business has a backlog of well over $1 million worth of business under contract and has been continuously profitable over the last five years. Their 5-6 man crew is based in the Piedmont-Triad area of North Carolina and are renowned for excellent cutomer service and quick response time. The new-business outlook is excellent such that they may need to take on extra staff to fulfill many of the bids that are currently being negotiated. They have over $800,000 worth of equipment which is adequate to their current level of business but as the economy continues to improve, their well establish contracts with major national companies suggests that further investment may be needed to continue the growth of the company. There is little debt in the company. One owner is largely retired leaving the younger partner to bid most of the jobs but both will participate fully in any training and transition.
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