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Listed by:

The Firm

Commercial And Residential Asphalt Paving For Sale

Akron, Ohio, US
Asking Price:
$3,365,000 (USD)
Sales Revenue:
$7,494,070 (USD)
Cash Flow:
$841,081 (USD)

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.

Property Information

Location:

Akron, Ohio

Premises Details:

Lease: 15,000 sq. ft. shop area, 8,000 sq. ft. office area, 3 acres of yard space

Business Operation

Expansion Potential:

Growth Opportunities: Expand services to include snow removal, increase advertising

Reasons for selling:

New Ventures

Employees:
Personnel: 35: 1 owner + 5 foremen, 25 crew members, 3 salespeople, 2 administrative assistants
Years established:
1990

Other Information

Support & training:

Seller Training Period: 6-12 months

Financing available:

Purchase Price: $3,365,000
12.5% Buyer Down Payment: $420,625
12.5% Seller Financing: $420,625
75% Bank Loan: $2,253,750

Inventory / Stock value:
$4,748 (USD)
Related Documents:

Contact Information

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