New York Paving and Concrete Company

Business Description

For sale is an 8-year-old family-owned and operated paving and concrete company serving the five boroughs of New York City. Services include asphalt milling, paving, resurfacing, seal coating, line striping, concrete, and paving. In addition, they are registered with the Department of Transportation, which allows them to offer expedition of permits.

If a new building or alteration is underway in New York, the NYC Department of Transportation states that the sidewalks and portions of the streets facing the new building or alteration lots must be improved or refurbished. They are one of the only paving and concrete companies in its area, resulting in a large clientele base and a constant influx of job opportunities.

The business has shown consistent revenue growth, with a slight decline in 2020 due to the Covid pandemic. Their best-selling service is asphalt milling and resurfacing, which makes up 40% of revenue, with an average order value of $30,000 per project.

The staff currently consists of two office workers and seven concrete and paving professionals, who they are confident will stay with the business post-sale. In addition, the co-owner is trained to run daily operations and is open to staying on board.


Financial Overview

Asking Price: $3,650,000

Revenue: $2,392,246

Income: $1,098,511

Multiple: 3.3x

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