NV2547 - Building and Construction
Nevada - Northern Nevada
For over 33 years this family-owned and operated, full-service asphalt paving and maintenance company has provided residential, commercial, and industrial clients in Northern Nevada with professional, dependable service. NOTE: THE CASH FLOW REPRESENTED IS A 3-YEAR AVERAGE (2019 was a down year). This business specializes in every type of asphalt service, including replacement, patching, overlays, fog sealing, sealcoating, line striping, driveways, curbs, parking lots, and roads. Regular asphalt maintenance is required in Nevada's climate, and their repeat customer base is extensive. Accounts are diverse and include property managers, supermarkets, warehouses, malls, HOAs, and many, many residents. In addition to the profitable paving and maintenance side of the business, this company brings in considerable revenue through contracting out oil-spreading services at time and material rates to other paving companies in the area. Yet another revenue stream comes from the sales and distribution of several products, including in-demand oil sealing materials. The sale includes 20 licensed, well-maintained vehicles (boot trucks, transfer and transport trucks, a seal coat truck, pick-up trucks, etc.). Their radius includes Reno, Carson, Gardnerville, Fallon, Fernley, Portola, Quincy, and occasionally Elko and Tahoe. 19 employees, including a long-term office manager, mechanic, and 2 foremen, plan to stay. Employees are loyal and there is little turnover. Their facility is located near a freeway for easy truck access. Real Property, available for lease or purchase, includes 4 bays, a large office, and a mezzanine to store parts and equipment (or even use as living quarters). Owner has solid relationships with many suppliers and general contractors. He is willing to stay on for a month or more to ensure the success of the business. The Business is SBA pre-qualified for a Small Business Administration Loan (SBA 7a Loan). Buyer could purchase with as little as 10% down of the acquisition price. Seller is prepared to finance a portion of the purchase.
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Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.