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Sixty Eight Year Old Resurfacing & Paving Business
Location: United States -> Florida -> Broward County
Industry: Business Services > Construction

Business Summary

68-year-old family resurfacing and paving business provides a variety of asphalt repair & restoration solutions to its predominantly commercial customer base. 90% of projects are restorative and use the company's patented heavy duty proprietary protective coating products. On the commercial side, focus is homeowner associations where a target project is a $40-80K community roadway project. Strong history of resurfacing work for large department stores, government facilities & the aviation community. Steady 3-month pipeline of future work. Home based business w/leased garage-work space. Company also offers a more economical seal coating product (patented) which is included. Significant upside includes targeted marketing (virtually no advertising done at present) and offering their resurfacing products to retail consumer via distribution to big box home improvement stores. Seller is third generation owner who has decided to relocate out of State after a transition period with new owners. Please refer to listing #0101684205 & ask for Randy Bring when inquiring.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $433,610
Cash Flow:   $220,586
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $45,000
Seller Financing:  No

About The Business

Year Established:  1951
Number of Employees:  4 - 5
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned

About The Sale

Management Training and Support:  Seller will train for 4 weeks
Reason For Selling:  Relocating out of state

Print Listing Id: 700342817
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