OFF-MARKET – 435k NET Santa Barbara Paving Business for Sale

$435k+ Net Turnkey Paving Business All Equipment Included

Santa Barbara, CA (Santa Barbara County)

Seller Financing Available

Asking Price: $Competitive Auction Format

Cash Flow: $435,541

Gross Revenue: $2,097,707

EBITDA: N/A

FF&E: $495,496

Inventory: N/A

Established: 1999

Business Description

Family owned and operated Paving Company has cemented success for multiple generations.

Regional paving company primarily active within Santa Barbara County, the Company provides asphalt installation services, maintenance, grading, chip sealing, and concrete flatwork to residential, commercial and municipal customers.  Bids are required for almost all of the jobs they work on.  The Company owns all of the equipment required for completing the jobs but outsources larger equipment for large asphalt jobs, and for hauling they sub out the trucking aspect of the job.  Doing the job correctly sometimes means presenting a higher bid. The Sellers say they work hard to give the customer the right job at the right price without sacrificing quality of work or materials or net profit(s) to the Company.  A City business license and a State C-12 license, for Earthwork and Paving Contractors, is required to operate the business.  Depending on the Buyer’s license status, the Sellers are agreeable to the Business being run under his license under the right terms and conditions.  Those terms would specify a timeframe in which the new owner should reasonably be able to acquire his/her own license, and a compensation package if the licensed Seller remain as an employee and figurehead as an RMO. An RMO is a Responsible Managing Officer under California law, and the Seller will stay as a bona fide employee of the applicant for a contractor’s license, and is actively engaged in the classification of work for which that responsible managing employee is the qualifying person on behalf of the applicant.  NDA {SUBMIT BELOW} is required to secure comprehensive 34 page Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Employees:  8

Facilities:   CIM covers this.  Plenty of room to expand.

Competition:  The only way they lose typically to competition is when they undercut, and if they’re not making money, it’s not worth taking the job in the first place.  😉

Growth & Expansion:  Perfect platform for a NorCal operation seeking to expand towards SoCal or vice versa!

Support & Training:  As needed.

Reason for Selling:  Other business interests.