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Profitable Asphalt Maintenance Company
Location: United States -> Michigan
Industry: Business Services > Construction




Business Summary

This opportunity is a commercial, industrial, and residential asphalt maintenance company that offers a wide variety of services, including but not limited to asphalt sealcoating, infra-red patching, drain repairs, removal and replacement of asphalt, crack filling, and striping. The Company's primary focus is on servicing commercial customers, many of whom are recurring and maintain long-standing maintenance agreements with the Company.
The Company was founded in the 1970s by the current Owner. The Owner is actively involved in the Business, and the Owner's partner is involved minimally on a part-time basis. The Company's current leadership team has an average tenure of over 20 years, while the Company's crew leaders have an average tenure of nearly 11 years. All the members of the leadership team, as well as crew leaders, intend to remain with the Business.
The real estate is owned through the Owner's real estate holding entity. Located on the Company's property are six buildings, all fully utilized by the Company for various purposes related to the Business's operations. All the buildings have been painted within the last few years and are all structurally and visually well-maintained. The real estate has an estimated value of $600,000. Ownership is flexible regarding the sale or lease of the real estate.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email info(at)caldergr.com and request a PDF version.
Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you by the project manag


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $2,629,039
Cash Flow:   $525,994
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $2,220,707
Seller Financing:  Yes

About The Business

Year Established:  1981
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Ownership is willing to provide reasonable and customary assistance during the transition period.
Reason For Selling:  Retirement.

Photos

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Profitable Asphalt Maintenance Company Photo 1




Print Listing Id: 700366846
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Also See: Franchise Opportunities > Franchise Resales > Michigan Businesses For Sale > Michigan Franchises For Sale > Michigan Business Brokers



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