This North Carolina-based parking lot maintenance company provides sealcoating, striping, crack repair, and asphalt patching services throughout a multi-county region, with a strong concentration in the Wilmington metro area. Known for delivering dependable, high-quality work, the company has quickly built a base of repeat commercial clients, including property managers with recurring needs across multiple sites. Operations are supported by a foreman and W-2 field crew, while sales are handled primarily through 1099 reps. Work is generally scheduled March through November due to seasonal temperature requirements, with sealcoating representing the largest portion of revenue and painting/striping offering the highest margins.
The business operates from a centrally located facility with ample storage and expansion capacity. Current ownership is selective in taking jobs and is turning away less desirable work due to capacity constraints, representing upside potential for a buyer who adds staff or invests in paving capabilities. The owner is willing to remain post-sale for a transition period and support business development efforts. The SDE shown includes a rent charge of $21,000, is based on the Last Twelve Months through 4/30/25, and is for a full-time owner-operator.
- Asking Price:
- $475,000 Furniture / Fixtures included
- Sales Revenue:
- $670,580
- Cash Flow:
- $155,712
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The company leases a centrally located property with on-site office space, bathroom facilities, and covered outdoor storage. The site offers sufficient room to support additional equipment and workforce growth, making it an operationally efficient base for a service-focused business.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Growth opportunities include expanding into asphalt paving, increasing labor capacity, and enhancing marketing outreach. The company currently turns down less desirable work, indicating latent demand and growth headroom.
- Competition / Market:
-
Operating in a growing region, the company competes with a handful of small local parking & surface maintenance providers but stands out for its professional approach, customer service, and operational consistency. Workload demand has exceeded current labor availability, leaving room to increase market share.
- Reasons for selling:
-
Owner is looking to streamline and focus on other businesses.
- Trading hours:
-
Monday-Friday 8am-5pm
- Employees:
- 4 FT/ 4PT
- Years established:
- 3
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$47,500 down/$71,250 over 120 mos. @ 9.50%/Other Financing.
- Furniture / Fixtures value:
- $125,000 - included in the asking price
- Relocatable:
- This business can be relocated
