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 (one being the owner) and seven concrete and paving professionals. A new owner will have to hire a foreman (they will not be staying on post-sale) and an estimator (the business currently subs out estimator work to smaller companies). The owner is open to selling 100% of the company or a deal structure where they sell 49% and stay with the company for a certain period of time, allowing the business to operate under their license.
| 2019 | 2020 | 2021 | 2022 | |
| Revenue | $2,359,203 | $1,968,001 | $2,872,971 | $2,392,246 |
| SDE | $699,206 | $512,711 | $887,663 | $1,098,511 |