Profitable Southern California Paving Company
Location Los Angeles, California, United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $10939000
Net Profit / Cash Flow $651000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1983
Number of Employees 20 - 34
Inventory 1635000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Seller will negotiate a transition period
Reason for Sale Health Reasons
Description This company is a well-respected paving contractor who has been in business for over 30 years. They are profitable and show increasing sales and has a strong backlog of work in the pipeline. The history and reputation of the company is such that they are asked to bid more projects monthly than they have the sales/estimators to which to respond.
The owner invested over $500K in new equipment in the last 2 years, and has an appraised equipment value over the asking pricing of the company. This company has an extensive equipment list that is well documented and available to review by a buyer. The new equipment purchases in the last few years and is continuing to update his fleet of vehicles and equipment.
The Company has a staff of longtime experienced employees who manage the day-to-day operations, sales and project management aspects of the business. The company has leased the same real property used to house the office and equipment yard for the last 20+ years. The lease over the last 15 years has been on a year to year basis and can be renewed or terminated with ease.
This is a great opportunity to purchase a strong company that is growing within a growing industry.
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