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Paving Company For Sale
Location: United States -> Indiana -> Indianapolis
Industry: Business Services > Construction




Business Summary

ASKING PRICE - $1,500,000 This company paves & repairs parking lots/roads and other surfaces for many of Indiana's largest commercial companies. The work is seasonal with just the secretary working the full 12 months of the year. Some recent staffing changes will result in additional cash flow savings for the 2013 calendar year & into the future.

The owner works 9 months of the year 7 the other 3 months do not require him to be in the office, as long as he can be reached on his cell phone. All of their revenue comes from commercial accounts that they have been doing business with for many years. They do not do any residential business except in very specials situations. The owner is selling the company because of health reason, but he has a full staff to help the new owner run the company. COMPETITION - This is a niche market & there is very little competition in the environment that the company operates in. There are two other bigger companies in the area that focus on larger projects. Therefore the seller has the ability to bid on the smaller projects that are best suited for his companies abilities with very little competition.

GROWTH POTENTIAL - This company provides 3 different types of services in the same related field. The owner has always tried to just focus on a very specific territory & he has never tried to branch out into other areas of Indiana because he has always been very successful with the commercial account that he has. However should the new owner want to spend more time on the road working other areas of Indiana, there is a considerable amount of additional work that he could bid on.

REAL ESTATE - The bldgs have all been refurbished & look like new. The parking lot has a new surface & with the recently remodeled buildings the office complex looks very professional. There are 3 maintenance garages where all the company vehicles are serviced as well as 8 offices, 4 bathrooms & a meeting room at the facility. Phone 1-800-439-8490


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $3,185,000
Cash Flow:   $375,000
Cash Flow Type:  EBITDA
Inventory:  $1,006,000 includes value of real estate / buildings
Seller Financing:  Yes

About The Business

Year Established:  1996
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes, the seller will train new owner.
Reason For Selling:  Medical.

Photos

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Paving Company For Sale Photo 1




Print Listing Id: 700198650
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Also See: Franchise Opportunities > Franchise Resales > Indiana Businesses For Sale > Indiana Franchises For Sale > Indiana Business Brokers



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