Description About This Posting: Asphalt Paving Repair Maintenance Contractor
Profitable. Commercial & residential asphalt maintenance, repair, & restoration services throughout the greater San Francisco Bay metro area. In business for 20 years. Sterling reputation for superior service, punctuality, & fair pricing. Hundreds of recurring customers year after year. SDE is $106k per year. Seller financing may be available. The business can be run on a semi-absentee basis.
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.
The business is ripe for expansion; they have more demand than they can handle with current resources and staff. Relatively modest investments in marketing will reap excellent results.
Current situation Spring 2020. Given the Covid19 crisis and economic shutdown, the business has most projects 'on hold' except for those deemed 'essential' or 'emergency.' Consequently, the backlog is growing weekly, assuring a new owner a surge of work following the easing of restrictions that will extend the usual peak operating period (and income) well into the winter months.
Services include: Driveways, Private Streets, Roadways, Patios, and 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). The business is operated out of a 'virtual office' in the seller's home out-of-state.
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.
Gross Sales in 2019 were approximately $575,000. Seller's Discretionary Earnings ('SDE') for 2019 are estimated at $106,500.
Work has been performed by the owner-manager, one W-2 employee, and three 1099 subcontractors. The business is transitioning to a mostly subcontractor model.
Transition, training, and transfer. The owner is willing to provide reasonable consultation services for the new owner to be introduced to vendors, subcontractors, and customers for the seamless and smooth transfer of ownership and management. Following that approximately two-week period, the seller will be pleased to negotiate an ongoing consultation relationship on a per diem basis as the new owner may require.
All vehicles and equipment currently used in the business are rented on an as-needed basis or supplied by subcontractors.
The Transaction: The business is offered for a total asking price of $149,000 (approximately 1.5 x SDE). This is for the entire business website, trademark, logo, trade name, telephone number, methods of operation, vendor/supplier resources, current contracts and backlog, customer lists, etc. and good will. It does not include cash, accounts payable, accounts receivable, or corporate entity. With a buyer down payment of 50% of the price, seller financing may be available for the balance over ~30 months to a qualified buyer with sufficient collateral and a respectable credit rating.
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. Thank you.
Related Links And Information Regarding This Posting
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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.
John Willingham, CBI, CCIM, Sunbelt Business Advisors & Brokers of Kern, Fresno, Tulare County is dedicated to providing the best possible venue for bringing buyers & sellers of businesses together. Professional, confidential brokerage services to buyers & sellers. 661-332-9401 Cell/Text.
I have over 20 years of small business experience, a law degree and well-versed in real estate regulations and best practices. I work tirelessly to create successful strategies & effective negotiations for those wishing to sell or buy a SF business. Call 415-309-2722 (Cell/Text).
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