Asphalt Paving Company
Unglamorous heavy work, big contract values, and repeat parking-lot pain every few years
Asphalt paving companies handle parking lots, driveways, resurfacing, grading, patching, and small roadwork for commercial property owners, HOAs, municipalities, and general contractors. It is capex-heavy and operationally messy, but buyers who can estimate well and keep crews productive can build large, durable cash flow from unsexy local demand.
Avg Revenue
$1.2M
Profit Margin
18%
Acquisition Multiple
2.5x - 4.5x
Startup Cost
$100K - $750K
Difficulty
4/5
How It Works
The business bids resurfacing, grading, patching, sealcoat-prep, and paving jobs for property owners and contractors. Jobs are quoted by square footage, tonnage, scope complexity, and mobilization costs. Revenue scales via estimator relationships, fleet utilization, and winning larger commercial contracts without blowing labor or material assumptions.
Revenue Range
Real Acquisitions in This Category
SBA 7(a) change-of-ownership loans · NAICS 238990 · All Other Specialty Trade Contractors
Deal Size Distribution
Deal Flow Over Time
Financing Profile
Recent Comparable Deals
| Closed | State | Loan | Implied deal | Jobs | Franchise |
|---|---|---|---|---|---|
| Dec 2025 | SC | $3.0M | $3.6M | 30 | — |
| Dec 2025 | SC | $500K | $588K | 30 | — |
| Dec 2025 | FL | $5.0M | $5.9M | 18 | — |
| Dec 2025 | WA | $1.1M | $1.4M | 10 | — |
| Dec 2025 | FL | $150K | $177K | 8 | — |
| Dec 2025 | FL | $891K | $1.0M | 8 | — |
| Dec 2025 | NV | $4.0M | $4.7M | 2 | — |
| Dec 2025 | NV | $250K | $294K | 2 | — |
| Dec 2025 | TX | $500K | $588K | 20 | — |
| Dec 2025 | TX | $2.9M | $3.4M | 20 | — |
Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.
Pros
- +High-ticket projects can move annual revenue fast
- +Commercial clients and GCs create repeat bid flow once trusted
- +Adjacent upsells include crack sealing, striping, grading, and maintenance contracts
- +Local reputation and execution become a real moat in fragmented markets
Cons
- -Equipment and working-capital needs are much heavier than most service businesses
- -Weather, scheduling delays, and crew utilization can hurt profitability
- -Bidding mistakes get expensive quickly
- -Safety, fleet, and jobsite management add operational complexity
Best For
Experienced operators or buyers with construction estimating discipline who want a larger-scale local service business rather than a tiny owner-operator trade
Operating Costs
Main costs are asphalt materials, equipment ownership or rental, trucks, fuel, payroll, workers comp, and jobsite insurance. Live search results surfaced a Phoenix-area paving company listed at $4.4M and BizQuest snippets with around $2.83M in sales and roughly 31% EBITDA, which supports a wide but meaningful financial range for well-run operators.
SBA Financing Estimator
Adjust the deal — see if it cash flows after debt service
Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.
Where to Buy
Broker listing for a long-running Phoenix paving and grading company
Asphalt paving marketplace with search snippets showing multi-million-dollar operators
Broader marketplace for paving, grading, and heavy construction acquisitions
Acquisition Score
Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.
Quick Facts
- Category
- service
- Difficulty
- 4/5
- Buy price
- $3.0M–$5.4M
Buyer's Toolkit
Essential tools to get started
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Largest business-for-sale marketplace in the US
SBA loans and business acquisition financing — get funded fast
ROBS financing — use retirement funds to buy a business tax-free
Bookkeeping for small business owners — hands-off financials
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