This highly profitable company provides asphalt paving, repair and maintenance services to customers in Michigan and Indiana. The Company has a unique competitive advantage that sets it apart from competition. Headquartered in Michigan, the Company has been in continuous operation for decades. Its customer base is comprised of a blend of commercial businesses from a wide array of industries, churches, schools, municipalities, financial institutions, property managers, and private residences.
The company’s real estate is owned by a related entity and is available for sale or lease. The company also owns a storage building in its name which is also available for sale or lease.
Buyers must have a minimum of $2 million in available capital to receive additional information.
Investment Highlights
Recession Resistant Business Model – Historically, the Company has performed well during economic downturns. It is during these times that more individuals and businesses will seek out lower-cost repairs to extend the life of their investment. During the Great Recession of 2009, the Company operated profitably and hired excellent employees.
Repeat Customers – The Company’s extensive parking lot customer base requires maintenance on average every 2-3 years. This ensures, with a high degree of confidence, that the Company will continue to have repeat business indefinitely.
Excellent Employee Pool – Many of the company’s employees have been with the company for 15-30 years. This provides a new owner with a very strong support system. The Company conducts CDL training internally. While its competitors have laborers and drivers, this Company has laborers who also drive providing the company with a flexible, competitive advantage.
Limited Competition – This Company is the dominant maintenance business in the region. Although there are other smaller companies that offer similar services, many of them are actual or potential buyers of the Company’s products.
Growth Opportunities
Utilize and Integrate Technology – Admittedly, the Company has been slow to integrate technology and software into the operations, sales, and marketing functions of the business. A Customer Relationship Management system, an Enterprise Resource Planning system, job tracking system, and employee management system are all potential investments that could drive greater efficiencies. Currently, the Company does not do any online marketing. Investments in this area may also provide additional growth opportunities.
The BEST WAY to receive confidential information about this opportunity is to fill out the form below.
Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to confirm with the owner and then send you the confidential Offering Documents. Please contact us at [email protected] with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few brief questions. Inquire today about this profitable asphalt paving company!