Established Asphalt Contractor

Business Overview:

Headquartered in California, the Company is a paving contractor specializing in a wide range of asphalt services, including grading, paving, striping, seal coating, and crack filling. Serving both commercial and residential customers, the Company focuses on enhancing the durability and appearance of parking lots, driveways, and private roads while maintaining a strong commitment to quality, attention to detail, and customer satisfaction.

The Business maintains a well-balanced customer base, with approximately 90% of its projects dedicated to commercial properties and the other 10% to residential customers. This diverse portfolio enables the Company to meet a broad range of needs, from large-scale commercial developments to smaller residential projects. Positioned for future growth, the Company has opportunities to expand into government contracts, secure more recurring agreements, and enhance its digital advertising efforts.

The current ownership is seeking to transition into retirement but is open to remaining in a limited role to ensure a smooth transition for new ownership. The Business is supported by a general manager with over 15 years of experience in the paving industry who oversees all project management, as well as an office administrator handling administrative tasks. Both key employees are expected to stay on post-transaction to provide continued support to new ownership.

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Property Features and Assets:

The Company operates out of one primary facility constructed in 1990. The facility features dedicated office space and a warehouse with three drive-in doors and two dock doors, efficiently separating administrative and operational functions while accommodating its fleet of paving equipment and trucks.

Market Competition and Expansion:

Investment Highlights Include:

1.      Long-Term Repeat Customers

2.      Expansive Backlog

3.      Updated and Environmentally Compliant Fleet

Growth Opportunities Include:

1.      Expanding Into Government Jobs

2.      Establishing Recurring Contracts

3.      Improving Digital Advertising

Reason for Selling:

Additional Details:

Documents:

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