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Asphalt Maintenance: Seal, Fill, Wash & Striping
Location Oregon,United States
Asking Price Range $250K - $500K
Gross Revenues $305000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1977
Number of Employees 6 - 9
Inventory 110000
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training Owner will stay after the sale for a smooth transition. The staff is highly experienced and includes a foreman and a operations manager/mechanic. The company uses 2-3 independent sub-contractors. Inventory, equipment and vehicles included in the sale.
Reason for Sale Approaching Retirement
Description This well established asphalt maintenance company started in 1977 and was acquired by the current owner in 1995. The business has established long term referral relationships in the local market. This fine business offers a new owner a good, stable living with only 6 months work per year. The majority of this company's revenues are derived from seal coating; in this process they apply two coats of sealant to asphalt surfaces. Another part of this business is filling cracks, they clean fractures with compressed air and fill them with hot tar. They then strike the excess tar to surface level with a squeegee. Also, this business washes asphalt surfaces and re-stripes parking lots. The extensive client list will also be a great asset to a new owner, including over 2,000 clients from past and present. This Oregon based business is a great opportunity to take a successful business and build on that foundation to secure your future.
This business normally has 50-100K worth of pre-booking that carries over till the next spring. This fine business offers a new owner a good, stable living with only 6 months work per year, summer and fall. There are minimal marketing and advertising costs associated with this business. After years of hard work and loyal customers, the current owner is ready to retire and see a new owner take it to the next level. The current owner will be available to work closely with a new owner, to acclimate them to the clients, suppliers, employees and over all process of the company. Name recognition, reputation, profitability, established patronage, growth capabilities, diversity and location; make this offering a sound venture for the fortunate party who acquires it. Please also see IAG Listing 368501
The primary business activity is: 50 percent for seal coating, 25-30 percent for crack filling, 10-15 percent for washing asphalt services and 10-12 percent is for re-striping parking lots.
7 Days, Summer/Fall Season
Asking $350,000 with 20% financin
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