Asphalt Seal Coating

File# C2511
Location: Home Based
Business Price: $395,000
Down Payment: $195,000 (or SBA w/20% down possible)
Monthly Payment:$2,826.75
Interest Rate: 5%
Amortization Period:84 months & balloon in 60 months
Gross Sales: $476,770
Source: 2018 Tax Return
Cash Flow: $146,658
Source: 2018 Tax Return
Inventory: $7,000 approx.
Days Open: 7 days
Business Hours: 6:30am-6:00pm
Seats: NA
Parking: NA
Licences Required:NA
Year Established:2009
Year Acquired: 2009

Profile:

This is a great opportunity to own a very successful seasonal sealcoating company. The business was established almost 11 years ago and has been owned by the same owner ever since. The company does about 60% of its business for residential accounts and about 40% commercial. Both residential jobs and commercial jobs can be increased dramatically as there is a shortage of sealcoat companies in the state. The company also does hot and cold patch service, sealing and striping along with maintenance. The company comes with a database of approximately 3400 person and company customers. The company starts their work season May 1 and ends October 31 every year. Cash flow for a six-month work season is tremendous with great potential of increasing the business even more. All equipment that comes with the business is newer, nothing older than 2015 including the trucks. There is a high probability SBA financing to a qualified buyer with 20% down from a qualified and approved buyer subject to SBA rules and regulations.

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.