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Listed by:

Transworld Business Advisors Richmond

50-Year Hampton Roads Paving Company For Sale

Virginia, US
Asking Price:
$4,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,080,000
Cash Flow:
$3,080,000

50 Years of Proven Success • Established Reputation • Strong Backlog • Significant Growth Opportunity

**SBA prequalified for the asking price of $4,500,000.00**

Founded in 1975, this respected asphalt paving contractor has built one of Hampton Roads' most recognizable local brands through nearly five decades of quality workmanship, exceptional customer service, and long-standing customer relationships.

The company provides a full range of commercial and residential asphalt paving and pavement maintenance services, including:

Commercial paving

Parking lot construction

Asphalt overlays

Private roads

Residential driveways

Sealcoating

Striping

Pavement repairs

Grading

Preventative maintenance

The business serves a broad customer base throughout Virginia Beach, Chesapeake, Suffolk, Norfolk, Portsmouth, Franklin, Smithfield, Isle of Wight County, and the surrounding Hampton Roads region.

Competitive Advantages

✔ 50 years of operating history
✔ Strong reputation built primarily through referrals and repeat customers
✔ Healthy 4-month backlog providing excellent revenue visibility
✔ Diversified commercial and residential customer base
✔ Vertically integrated operations with on-site inventory, maintenance capabilities, and operational efficiencies
✔ Financing program available for residential driveway customers, creating a competitive advantage and supporting higher close rates
✔ Experienced workforce with low employee turnover
✔ Long-standing supplier relationships

The company generates business primarily through its outstanding reputation, repeat customers, referrals, website presence, and strong Google visibility, resulting in minimal reliance on paid advertising.

Demand for quality paving services remains strong throughout the region, providing an excellent platform for continued expansion. Opportunities exist to further grow commercial accounts, increase municipal work, expand pavement maintenance contracts, and leverage the company's established reputation across Hampton Roads.

This business is ideally suited for:

A strategic paving or construction company seeking geographic expansion

A private equity-backed platform or add-on acquisition

An owner-operator looking to acquire a well-established business with immediate cash flow

A larger contractor seeking to expand market share through an established brand

The seller is committed to facilitating a smooth transition and will provide reasonable training and support to ensure continued success.

Opportunities of this caliber rarely become available. Companies with nearly 50 years of operating history, an established reputation, experienced employees, and a strong backlog are highly sought after in today's market.

Property Information

Real Estate:

Real Property Included

Business Operation

Expansion Potential:

The Company offers significant upside for a new owner through the implementation of a more proactive growth strategy. To date, the business has generated the vast majority of its revenue through referrals, repeat customers, and its long-standing reputation, with virtually no formal marketing or business development efforts. A strategic investment in digital marketing, search engine optimization (SEO), Google Ads, social media, and commercial sales outreach could substantially increase lead generation and market share.

An even greater opportunity lies in obtaining Virginia Department of Transportation (VDOT) certification. Achieving this certification would enable the Company to bid on state-funded roadway and infrastructure projects, significantly expanding its addressable market and opening the door to larger, long-term public contracts. Combined with the Company's nearly 50-year reputation, experienced workforce, established equipment fleet, and strong operational foundation, VDOT certification has the potential to be a transformative catalyst for future growth and revenue expansion.

Competition / Market:

The Company operates in a competitive regional paving market that includes small owner-operated contractors, residential driveway specialists, and larger commercial and infrastructure-focused firms. Its primary competitive advantages are its nearly 50-year operating history, strong local reputation, experienced crews, broad service capabilities, established supplier relationships, and substantial repeat and referral business. Unlike many smaller competitors, the Company can provide a full range of paving and pavement-maintenance services while also offering financing options for residential customers and maintaining key materials and equipment support on-site. The business is not currently dependent on formal marketing, which demonstrates the strength of its reputation but also creates meaningful upside for a buyer willing to invest in sales and lead generation. Larger competitors may have greater resources and access to public-sector projects; however, obtaining VDOT certification could significantly strengthen the Company’s position, expand its addressable market, and allow it to compete for larger state-funded and municipal opportunities.

Reasons for selling:

Retirement

Trading hours:

Mon. to Friday 9am to 3pm

Employees:
6
Years established:
1975

Other Information

Support & training:

4 weeks

Furniture / Fixtures value:
$520,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price