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For Sale Asphalt Paving Contractor In San Francisco Bay Area, CA

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Contact: Tim Cunha at 650-600-3751, 650-204-1802 - Log In To Message/Email This Contact
Last Revised: 8/4/19. Posting #: 254119
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Key Words: contractor, asphalt, paving, repair, maintenance, sf bay area
Financial Info: Price: $399,000. Down: Call. Adjusted Net: $188,553. Annual Revenues: $637,796.
Profile: This successful, thriving, profitable business provides commercial and residential asphalt maintenance, repair, and restoration services throughout the greater San Francisco Bay metro area. In business for nearly 20 years, they have earned a sterling reputation for superior service, punctuality, and fair pricing, with hundreds of recurring customers year after year.

They help property owners avoid costly replacements and improve the appearance, safety, and value of their parking lots and driveways, matching the quality inside with the curb appeal on the outside. Currently they do very little 'new construction;' but, a new owner could expand into that market area. At least 50% of contracts each year are recurring sales from past customers, with the typical customer returning for repair/maintenance/restoration on a 1- to 3- year cycle.

Services include: Driveways, Private Streets, Roadways, Patios, nad Pathways ; Sealcoating & Crack Filling; Pothole Repair; Asphalt Patchwork; Concrete Repair; Game Courts; Striping & Custom Stenciling; Safety Bollards; Wheel Stops; Speed Bumps; Americans With Disabilities Act ('ADA') Striping & Compliance; ADA & Van Accessible Zones; Ramps; Detectable Warning Systems; Signage of all kinds.

Centrally-located on the San Francisco Bay in the heart of Silicon Valley, they serve the greater metropolitan Bay Area including the North Bay (Marin, Sonoma, Napa, & Solano Counties); the East Bay (Contra Costa & Alameda Counties); the Peninsula (San Francisco & San Mateo Counties); and the South Bay (Santa Clara & Santa Cruz Counties) from a 750 sq. ft. rented facility at $1,225 per month.

Licensed by the State of California, the business specializes in residential homes, gated communities, homeowner's associations, churches, schools, shopping plazas, hotels, motels, and properties with unique traffic flow and parking situations. They take pride in tailoring each job to fit their customer's needs and pay special attention to lessening inconvenience to tenants and customers so that businesses can remain open during the paving maintenance.

Based on January through May of 2019, 2019 annual sales are projected to exceed $700,000. Sales for 2018 were $637,796; for 2017, $481.009; and for 2016, 470,768.

Seller's Discretionary Earnings ('SDE') for 2018 are estimated at just over $188,500, and are expected to exceed $200,000 for 2019.

Work is performed by the owner-manager, one W-2 employee, and three 1099 subcontractors.

Transition, training, and transfer. The owner is willing to negotiate a substantial consultation period for training the new owner and for the seamless and smooth transfer of ownership and management

All vehicles and equipment used in the business are company-owned and included in the sale.

The Transaction: The business is offered for a total asking price of $399,000 (approximately 57% of projected annual sales / 2.35x projected SDE). This is for the entire business tangible assets, e.g., equipment, machinery, vehicles, furniture, fixtures, etc.; website, trademark, logo, trade name, telephone number, methods of operation, vendor/supplier resources, customer lists, etc.; and good will. It does not include cash, accounts payable, accounts receivable, rental (lease) deposit, or corporate entity. Any inventory is extra at actual cost, or a price to be negotiated. Some seller financing may be available for a qualified buyer with adequate collateral and sufficient credit.

Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

Broker License # BRE LIC # 01919755

Professional Resources & Contacts To Help You Close Your Deal!

Contact: Steve Zimmerman at 650-823-6174, 650-823-6174 (Cell)   Log In To Message/Email This Contributor
Profile: Steve brings to his clients a wide-ranging business background with a focus on providing the highest level of customer satisfaction. Steve’s experience includes work in mergers and acquisitions, as well as small business brokerage, finance, business development and sales and account management.
Key Words: steve zimmerman, transworld, transworld business advisors, business broker, roofing, contractor, tour, restaurant, fitness, logistics, warren, morris, bergen, union, hudson, middlesex
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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Contact: Daniel Herring at 850-424-7541, 334-329-8023 (Cell)   Log In To Message/Email This Contributor
Profile: My mission is to conduct a thorough, well-planned, and well-executed transaction for both the seller and buyer, offering a confidential, professional approach to my clients and taking an M&A approach to main street transactions to ensure the optimal selling price and shortest time on the market.
Key Words: daniel herring, emerald coast business intermediaries, business broker, business valuation, valuation, consultant, due diligence, due diligence services, auto repair, construction, restaurant, airport shuttle, shuttle, okaloosa
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy

Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: The unfortunate side of buying and selling small businesses is that the majority of all transactions fall through, including over half of all deals that go into escrow. Jordan Green discusses the most common reasons that transactions fall out of escrow in this BizBenNetwork blog.
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: A big reason that businesses never sell is because they are overpriced. BizBenNetwork Senior Facilitator Manager Jordan Green shares helpful tips with business owners to properly value their business and reviews costly mistakes to avoid in order to establish a fair asking price for a business.
Key Words: jordan green, intangible assets, equipment, value, business brokers, business owners, sellers, improvements, sales multiple, net income, business for sale, preparing a business for sale, valuation
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: In a case study involving hundreds of business buyers, owner/sellers, and business brokers, BizBenNetwork Founder Peter Siegel, MBA and BizBenNetwork Facilitator Manager Jordan Green's research determined the most effective strategies for successfully advertising a business for sale posting online.
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: BizBenNetwork Manager Jordan Green explains the importance of keeping the potential sale of a business confidential and provides business owners with helpful ways to successfully keep their business’s sale a secret, as well as the consequences for disclosing a business’s sale prematurely.
Key Words: confidential, confidentiality, selling a business, non-disclosure agreement, business owner, owner/seller, owner seller, seller, qualified buyer, business broker, business brokers, nda, jordan green
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