Annual Revenue: $1,400,000
Net Cash Flow: $295,000
Location: Fairfield County, Connecticut
This Paving Company operates from March to Early December annually and consists of the owner, office manager, and approximately 5 employees based on the workload. The company has an excellent reputation and has been in continuous operation for over 30 years. Per the owner’s direction, the company has focused primarily on residential work within a 15-mile radius. One employee staffs the office – the foreman runs one crew, and the owner is primary estimator and salesperson. Equipment at fair market liquidation is valued at approximately $250,000. Equipment is well maintained.
Staff is willing to continue employment with a new owner. Owner is willing to stay on as salesperson/estimator for a reasonable transition period.
Reason for Sale: Owner is looking to retire from the business.
Asking price includes trucks and equipment and a Current Backlog of about $500,000 booked until approximately August of 2019
Facilities: Present Owner operates the business out of his home. He rents a storage lot of approximately 5,000 sqft in the local area to store his equipment @ $2,000 a month.