50-Year Hampton Roads Paving Company
Asphalt Paving Contractor in Suffolk City, VA
On NextCompany since October 4, 2026 (11 days)
Suffolk City, VAEstablished 19756 FT employees
Business overview
This Suffolk City, VA contractor provides asphalt paving and pavement maintenance across Hampton Roads. The business has operated since 1975 and serves commercial and residential customers. Its services include parking lot construction, driveways, sealcoating, grading, and pavement repairs. Repeat customers and referrals generate work, and the company has a 4-month backlog.
The company reports $3,082,346 in sales and $811,795 in seller's discretionary earnings; the seller asks $4,500,000. Six full-time employees support operations. The company leases its facility for $3,000 monthly and holds $5,000 in inventory and $520,000 in equipment. The seller plans retirement and offers reasonable training and transition support.
Who is a good fit for this business
- Strategic paving contractors seeking geographic expansion into Hampton Roads.
- Owner-operators seeking an established business with $811,795 in seller's discretionary earnings.
- Private equity-backed platforms seeking an add-on with a 4-month backlog.
Details
- Reason for selling
- Retirement
- Real estate
- Leased
- Monthly rent
- $3,000
Frequently Asked Questions
The company provides commercial and residential asphalt paving and pavement maintenance. Its work includes parking lots, private roads, driveways, overlays, sealcoating, grading, and repairs.
The company serves customers across Hampton Roads. Its service area includes Virginia Beach, Chesapeake, Suffolk, Norfolk, Portsmouth, Franklin, Smithfield, and Isle of Wight County.
The seller asks $4,500,000 for the business. The company reports $3,082,346 in gross revenue and $811,795 in seller's discretionary earnings.
The company employs 6 full-time workers and leases its facility for $3,000 monthly. The listing reports $5,000 in inventory and $520,000 in furniture, fixtures, and equipment.
The business holds prequalification for SBA lending, and the listing cites a $3,000,000 down payment. The seller does not offer seller financing.