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Parking Lot Maintenance & Repair Services
Location: United States -> Florida -> Tampa
Industry: Business Services > Construction




Business Summary

2015 gross margin of 65% and 2015 revenues to be exceeded by end of summer! Located north of Tampa, Florida, this premier special trade contractor specializes in parking lot restoration and repairs. With over 28 years of experience, the company offers a variety of pavement services including asphalt sealcoat, crack-fill, stripe and restripe pavement markings, signage, asphalt repairs, ADA updates, and parking lot related concrete repairs including curbing, sidewalks, and ADA ramps. This business generates the majority (83%) of its revenues from the state of Florida, followed by North Carolina and Alabama. Revenues have been increasing over the past 4 years averaging 29% annually. Acquired in 2003, this business has expanded its operations and capabilities to become a one-stop shop for outdoor surface restoration and repairs.

Currently, 98% of the company's revenue derives from services to commercial and industrial clients while 2% derives from residential communities including condominium and apartment complexes. It is helpful to have a state general contractor's license, this requires specialized machines and trained personnel to operate them. This company enjoys an enviable reputation, and is well positioned to pursue growth beyond the projections. This owner operated business is managed in a hands-on fashion giving the owner full control over the quality of products and the customer service provided.

Asking $950,000.00. 90% repeat clientele. Estimate around $500,000, the residential lot is four acres; the company occupies about one acre for business use. The business facility measures 1,920 square feet, has an office, a production area for a shop and warehouse. There is plenty of area around the facility to store trucks, vehicles, and equipment. The owners are open to negotiation in regards to selling the residential property with the business as well. Seeing as this company serves the majority of Florida, the business could be easily relocated if desired.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,088,000
Cash Flow:   $370,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $365,000
Seller Financing:  No

About The Business

Year Established:  1980
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Key employees will most likely stay on after the sale and owners available for transitioning.
Reason For Selling:  Other interests.

Photos

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Parking Lot Maintenance & Repair Services Photo 1




Print Listing Id: 700262369
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Also See: Franchise Opportunities > Franchise Resales > Florida Businesses For Sale > Florida Franchises For Sale > Florida Business Brokers



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