Description:This is a fantastic turnkey opportunity to own a well-known, rapidly growing paving company that has built a solid reputation amongst its customers for delivery of high-quality, cost-effective solutions meeting customerís property management objectives. The company focuses on high-quality, cost-effective installation and restoration of asphalt and concrete structures including parking lots, driveways, curb & gutter, sidewalks, dumpster pads, speed bumps, and more. Most projects consist of asphalt repairs on commercial properties such as office buildings, shopping centers, and other commercial properties. The company has built a solid customer base throughout the Triangle area that provides about 70% of return business year over year. New customers account for the remaining revenue. 2 or 5 new high yielding customers can typically be realized per year.
Facilities:Facilities consist of rented office and outdoor fenced in storage space in Garner NC. Total lease amount is $2,600 per month for about 0.5 acres and a 2,500 sq ft building used for office and small warehouse space. Currently leased through December 31, 2018.
Competition:Paving companies vary dramatically from large DOT / Highway only companies to the transient, low quality, sometimes corrupt, paving crews that roll through from time to time. The company has invested heavily in building its reputation as a trustworthy partner that customers know they can rely on for high quality, cost effective solutions to their parking lot issues which positions it favorably in most project bidding situations.
Growth/Expansion:The business is growing at a rapid pace, with revenue growing by over 30% over last year with impressive opportunities for immediately increasing value and realizing future growth. Refer to the sections on Opportunities for Immediately Increasing Value and Future Growth in the Confidential Business Profile for more information.
Support/Training:The owner has a strong desire see the new owner and the company continue to succeed and grow. To help facilitate this continued success, the current owner is willing to work with the new owner for a transition period to be negotiated. The transition to consist of training on all processes currently implemented to operate the business. Up to 6 months to a year of additional support could be available.
Contact: Tim Martin
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