Active
Quality-Focused Hot-Mix Asphalt Production! (37943)
Placed in the Northeast, USA, the business provides a carefully engineered production and sale of hot-mix asphalt with related construction laydown services. The company has taken efforts to reduce emissions with the use of natural gas to fuel the plant. The 15-acre property features a 12,000 lbs. hot-mix asphalt batch plant that is capable of producing upwards of 170,000 tons per year. The facility includes a state-certified quality control testing lab, a 5,000 sq. ft. garage, scales for trucks, and a silo. The property is also a site for recycled asphalt. Special land permits are in place allowing 24/7 and 365-day operations, however, the business is currently operating at less than 50% of the capacity that the permits allow, leaving room for substantial company growth. Besides a maintained website and some engagement on social media, promotions rely on verbal referrals from a large customer base. Working Capital, Receivables, and current Payables, transferable at the time of sale, the company Revenues in 2022 totaled $7,136,837 alongside Discretionary Earnings of $836,966, EBITDA’s up to $550,187. Thanks to top ratings and ongoing decades of high reputations, Sales Projections reach over $7.6 Million for 2023, with potentials in taking business to next levels through strategic advertising and specialized expansions. The business prefers to sell the property with the transaction. Industry-experienced personnel of 23 non-union employees are most likely to remain post-purchase and assist in flexible transitioning for up to five-years. This especially would be a great opportunity to a multinational buyer as the expansive location has additional property rights, night operation capabilities, and plenty of space. This opportunity will not last long, respond immediately for further details.
Listed By: Steve Rafter
You might also be interested in the following listings
Picture | Status | Title | Price | Revenue | Profits |
---|---|---|---|---|---|
Under LOI | Commercial & Residential Asphalt Services (17792) | $1,700,000 | $2,095,441 | $546,695 |
Background information
Seller Number:
37943
Year established:
1989
Reason selling:
Time for new ventures.
Finance
Sales:
$7,136,837
Profits:
$836,966
Profit type:
Discretionary Earnings
Operations
Employees:
23 nonunion.
Equipment:
$2,500,000
Inventory:
$125,000
Premises
Facility:
Outgoing projects show current Receivables up to $477,000 plus present Prepaids of $58,270.
Square footage:
12,000+/- within a 15 acre lot.
Location:
Property estimated for $5,750,000 comes included in the Asking Price!
Opportunities
Market:
Website, Social Media, Local Sponsorships, and Referral Sources.
Price and terms
Price:
$3,995,000
Financing:
Standard SBA-term financing will be negotiable for qualified buyers.
Owner Transition:
Flexible acclimation for up to 5 years.