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Paving Company
Well-established Iowa paving company with a strong regional reputation, long-term customers, and a full fleet of equipment included.
Business Highlights
- 40+ year reputation for quality flatwork in Northern Iowa
- Includes >$150K in equipment, 3 skid loaders, 3 dump trucks, snow plow truck, tool truck, air compressor, concrete buggy, forklift, and other power tools
- Currently leasing a location for nightly storage
- 3 employees + owner; owner’s nephew ready to assume day-to-day operations
- Majority of customers are repeat business (80% residential / 20% commercial)
- Consistent lead flow from word of mouth and Google Business (no advertising right now)
- Seasonal business (late March – October) with high margins
- Owner is open to seller financing
Considerations / Questions to Ask
- What is the condition and age of the equipment fleet? Any financing or leases attached?
- How dependent is the business on the nephew stepping up? Is he committed to staying?
- Are there opportunities for year-round revenue streams beyond snow plowing?
- How long of a transition is the owner willing to provide?
- What is the current owner’s level of involvement in daily operations, and how much of that would need to be replaced by a buyer?
- How is profit calculated, and what adjustments should be made to understand true owner earnings?
Opportunities
- Add snow plowing services to generate revenue during off-season months
- Expand service offerings into stamping, decorative work, and concrete walls
- Introduce online advertising, SEO, and digital lead generation to grow beyond word-of-mouth customers
- Leverage commercial accounts for steadier, higher-value contracts