Asphalt Paving Excavating And Related Services Company For Sale

Business description

The March Group, LLC currently represents an asphalt paving contractor serving a wide range of customers including commercial, industrial and governmental customers in Tennessee. The Company’s core line of business consists of asphalt paving, excavation, trucking and related services. Impressive profit margins of over 15% with 2007 posted EBITDA of $605,000 on revenues of $3.9 million. Backlog as of April ‘08 was approximately $1.5 million of recognizable revenue, scheduled for completion throughout 2008. Contracts result from approximately 70% bidding, with the remaining 30% negotiated directly. Average project duration is 3-5 days. Known for its reputation, knowledge and expertise, the Company is respected and recognized among peers and customers. Established customer base of 120 annual customers creates a strong asset, contributing to stability and presenting opportunities for revenue growth. Boasts an extremely high client retention and repeat business rate of approximately 95%. While the shop itself and 95% of business is non-union, key personnel are members of the Operators and Engineers Union, giving the Company a competitive advantage when working in a union environment.

Property information

Real Estate:

Real Property Included

Location:

Company-owned facility includes 6,000 square feet of office and shop space located on eight acres of land, all available for purchase along with the business.

Other information

Expansion potential:

Considerable growth potential exists for this business, with expansion opportunities including additional crew to install concrete curb work, line painting services and site grading - services which are currently either not pursued or are subcontracted by the Company.

Support & training:

The owners are willing to remain with new management during a transition period.