Large Asphalt Contractor

Business Overview:

Great opportunity for a strategic buyer or someone looking to expand their current footprint.
This company is a leader in asphalt maintenance space and their services include aggregate production and sales. About 80% of their work is for municipalities, 10% private work, and 10% aggregate sales. They specialize in crack sealing, seal coating, asphalt, dirt work, chip sealing, bridge installation and guardrail repair and maintenance. The company also leases to the pits. These transferable leases are for 5 years with first right to renew and it renews for 100 years. Current owner can get renewals on all leases for new owners if needed.

The asking price includes about $8,000,000.00 worth of equipment, which includes a hot plant, crusher with jaw and cones, heavy metal including 5 loaders, 2 excavators, bearcat chipper, 2 laydown machines, and multiple other pieces of equipment that are all in good shape. Much of it was purchased within the last 4 years. The business will be sold to the new owner debt free.

Buyer may purchase the real estate separately for an additional $2M. The property includes a 5 acre lot with three large buildings, with full office furnishing and tools. One office building (6,000 square feet), a storage building (4,000 square feet), and a four bay shop (12,000 square feet).

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