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Suffolk City County, Virginia
50-Year Hampton Roads Paving Company
Asking Price
$4,500,000
Revenue
Call/Email
Down
$3,000,000
Cash Flow
Call/Email
Name: Charles Daucourt
Name
Charles Daucourt
Description
**THIS BUSINESS IS PRE-QUALIFIED FOR SBA LENDING**
Founded in 1975, this respected asphalt paving contractor has built one of Hampton Roads' most recognizable local brands through nearly five decades of quality workmanship, exceptional customer service, and long-standing customer relationships.
The company provides a full range of commercial and residential asphalt paving and pavement maintenance services, including:
Commercial paving
Parking lot construction
Asphalt overlays
Private roads
Residential driveways
Sealcoating
Pavement repairs
Grading
The business serves a broad customer base throughout Virginia Beach, Chesapeake, Suffolk, Norfolk, Portsmouth, Franklin, Smithfield, Isle of Wight County, and the surrounding Hampton Roads region.
Competitive Advantages:
✔ 50 years of operating history
✔ Strong reputation built primarily through referrals and repeat customers
✔ Healthy 4-month backlog providing excellent revenue visibility
✔ Diversified commercial and residential customer base
✔ Vertically integrated operations with on-site inventory, maintenance capabilities, and operational efficiencies
✔ Financing program available for residential driveway customers, creating a competitive advantage and supporting higher close rates
✔ Experienced workforce with low employee turnover
✔ Long-standing supplier relationships
The company generates business primarily through its outstanding reputation, repeat customers, referrals, website presence, and strong Google visibility, resulting in minimal reliance on paid advertising.
Demand for quality paving services remains strong throughout the region, providing an excellent platform for continued expansion. Opportunities exist to further grow commercial accounts, increase municipal work, expand pavement maintenance contracts, and leverage the company's established reputation across Hampton Roads.
This business is ideally suited for:
A strategic paving or construction company seeking geographic expansion
A private equity-backed platform or add-on acquisition
An owner-operator looking to acquire a well-established business with immediate cash flow
A larger contractor seeking to expand market share through an established brand
The seller is committed to facilitating a smooth transition and will provide reasonable training and support to ensure continued success.
Opportunities of this caliber rarely become available. Companies with nearly 50 years of operating history, an established reputation, experienced employees, and a strong backlog are highly sought after in today's market.
The Company offers significant upside for a new owner through the implementation of a more proactive growth strategy. To date, the business has generated the vast majority of its revenue through referrals, repeat customers, and its long-standing reputation, with virtually no formal marketing or business development efforts. A strategic investment in digital marketing, search engine optimization (SEO), Google Ads, social media, and commercial sales outreach could substantially increase lead generation and market share.
An even greater opportunity lies in obtaining Virginia Department of Transportation (VDOT) certification. Achieving this certification would enable the Company to bid on state-funded roadway and infrastructure projects, significantly expanding its addressable market and opening the door to larger, long-term public contracts. Combined with the Company's nearly 50-year reputation, experienced workforce, established equipment fleet, and strong operational foundation, VDOT certification has the potential to be a transformative catalyst for future growth and revenue expansion.
https://tworld.com/locations/Virginia/commonwealth/listings/50-Year-Hampton-Roads-Paving-Company
Business Details
Year Established:
1975
FE&E:
$520,000
Reason for sale:
Retirement
Lease & Tenant Information
Lease Options:
$3,000
Other Information
Listing Number:
9525-111685
Sales:
$3,082,346
Seller's Discretionary Earnings:
$811,795
Inventory:
$5,000
Posting Information
Posting ID:
ID tw:91436 / Listing Number 9525-111685
Business Category:
Construction
Keywords:
Transworld
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
50-Year Hampton Roads Paving Company
Posting ID
#*4f25b71bf80b1ae3c9631c81a097d24c*91436
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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