New
Commercial Paving Company
This is a prime opportunity to acquire one of the leading commercial paving companies in the region. They have built a reputation for quality, craftsmanship, and excellent service in the St. Louis market. A strong sales and management team is already in place to ensure a seamless transition and maintain continuity after the sale.
- Specialization in large commercial parking lot paving and reconstruction.
- Renowned as one of the top pavers in the area, supported by 29 experienced asphalt professionals.
- Centrally located to serve the entire St. Louis market efficiently.
- Skilled and trained union workforce.
- High gross profit margins.
- Options for real estate purchase or lease available.
- Top-tier equipment in place.
- SBA-approved.
Listed By: Mike Kendall
Background information
Reference:
0093
Reason selling:
Owner is retirement age.
Finance
Sales:
$12,000,000
Profits:
$1,095,000
Profit type:
Discretionary Earnings
Operations
Employees:
30
Premises
Square footage:
13,535
Rent and lease terms:
The rental rate has been adjusted to $7.59 per square foot, bringing the total lease rate to a Fair Market Lease rate of $139,000 per year NNN. While the real estate is available for sale, it is not included in the listed purchase price.
Location:
Centrally located with exceptional highway access.
Opportunities
Growth:
There is adequate equiipment and facilities currenty to add 1-2 more crews. They focus entirely on the St. Louis metro market, but they could easily expand their service area.
Price and terms
Price:
$5,950,000
Down payment:
$500,000
Financing:
SBA Approved
Training:
Their is a very talented management team in place currentlly. The owner is available as needed to assist with a transition to new ownership.