Description About This Posting: Asphalt Paving Repair Maintenance Contractor
This successful, thriving, profitable business provides commercial and residential asphalt maintenance, repair, and restoration services throughout the greater San Francisco Bay metro area. In business for nearly 20 years, they have earned a sterling reputation for superior service, punctuality, and fair pricing, with hundreds of recurring customers year after year.
They help property owners avoid costly replacements and improve the appearance, safety, and value of their parking lots and driveways, matching the quality inside with the curb appeal on the outside. Currently they do very little 'new construction;' but, a new owner could expand into that market area. At least 50% of contracts each year are recurring sales from past customers, with the typical customer returning for repair/maintenance/restoration on a 1- to 3- year cycle.
Services include: Driveways, Private Streets, Roadways, Patios, nad Pathways; Sealcoating & Crack Filling; Pothole Repair; Asphalt Patchwork; Concrete Repair; Game Courts; Striping & Custom Stenciling; Safety Bollards; Wheel Stops; Speed Bumps; Americans With Disabilities Act ('ADA') Striping & Compliance; ADA & Van Accessible Zones; Ramps; Detectable Warning Systems; Signage of all kinds.
Centrally-located on the San Francisco Bay in the heart of Silicon Valley, they serve the greater metropolitan Bay Area including the North Bay (Marin, Sonoma, Napa, & Solano Counties); the East Bay (Contra Costa & Alameda Counties); the Peninsula (San Francisco & San Mateo Counties); and the South Bay (Santa Clara & Santa Cruz Counties) from a 750 sq. ft. rented facility at $1,225 per month.
Licensed by the State of California, the business specializes in residential homes, gated communities, homeowner's associations, churches, schools, shopping plazas, hotels, motels, and properties with unique traffic flow and parking situations. They take pride in tailoring each job to fit their customer's needs and pay special attention to lessening inconvenience to tenants and customers so that businesses can remain open during the paving maintenance.
Based on January through May of 2019, 2019 annual sales are projected to exceed $700,000. Sales for 2018 were $637,796; for 2017, $481.009; and for 2016, 470,768.
Seller's Discretionary Earnings ('SDE') for 2018 are estimated at just over $188,500, and are expected to exceed $200,000 for 2019.
Work is performed by the owner-manager, one W-2 employee, and three 1099 subcontractors.
Transition, training, and transfer. The owner is willing to negotiate a substantial consultation period for training the new owner and for the seamless and smooth transfer of ownership and management
All vehicles and equipment used in the business are company-owned and included in the sale.
The Transaction: The business is offered for a total asking price of $399,000 (approximately 57% of projected annual sales / 2.35x projected SDE). This is for the entire business tangible assets, e.g., equipment, machinery, vehicles, furniture, fixtures, etc.; website, trademark, logo, trade name, telephone number, methods of operation, vendor/supplier resources, customer lists, etc.; and good will. It does not include cash, accounts payable, accounts receivable, rental (lease) deposit, or corporate entity. Any inventory is extra at actual cost, or a price to be negotiated. Some seller financing may be available for a qualified buyer with adequate collateral and sufficient credit.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
To get more information about this Asphalt Paving Repair Maintenance Contractor business for sale in
Greater San Francisco Bay Area please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #254119 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Asphalt Paving Repair Maintenance Contractor, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
Professionals who understand the importance of world class business brokerage service and the value it can create. Specializing in assisting sellers and buyers with retail stores, restaurants, hospitality & lodging, manufacturing operations, distribution companies, e-commerce and service businesses.
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both platforms. I consult daily with business buyers, owner/sellers, and intermediaries daily about buying and selling businesses. Reach me direct at 925-785-3118.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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