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In business for over 30 years, this asphalt paving company has seen over 20% year-over-year sales growth since 2016! Specializing in asphalt paving, seal coating, patching/repairs, overlay, line marking, and concrete paving, this business provides services for a large portion of Northeast Ohio. A team of 35 employees includes 5 foremen leading 25 crew members, 3 salespeople, and 2 administrative assistants. The owner manages the sales representatives and handles financial oversight of the company. Their clientele includes both commercial (90%) and residential (10%), with a typical range of 600-750 clients per year.
The company is housed in a 15,000 square foot shop area, with an 8,000 square foot office area and three acres of yard space. Their assets include a road mill, bobcat mills, dump trucks, rigs, pavers, asphalt rollers, and concrete trucks, valued at $2.1MM. With $2.5MM in the pipeline, this company is rock-solid with their steady stream of client referrals and word-of-mouth advertising.
Expanding services to include snow removal in the winter time, as well as increasing their marketing efforts would undoubtedly elevate the sales and profit of the business.
Lease: 15,000 sq. ft. shop area, 8,000 sq. ft. office area, 3 acres of yard space
Growth Opportunities: Expand services to include snow removal, increase advertising
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