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BIZBITE
345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked
Service
80
/100 score
Excellent

Asphalt Sealcoating

Every parking lot in America needs this every 3 years — and most forget to call

Asphalt sealcoating companies apply a protective coating to parking lots, driveways, and commercial surfaces to extend their lifespan and prevent cracking. Jobs run $200–$3,000 depending on square footage. Startup costs are under $30K for basic equipment. Margins are exceptional because sealant costs pennies per square foot while jobs bill dollars. Seasonal in northern climates (spring–fall); sunbelt operators work year-round.

Avg Revenue

$350K

Profit Margin

35%

Acquisition Multiple

1.5x - 3x

Startup Cost

$20K - $100K

Difficulty

2/5

How It Works

You bid on jobs (driveways, parking lots, commercial properties), pressure-clean the surface, apply sealcoat via squeegee or spray machine, add line striping, and collect payment — same day. A two-person crew can complete 3–5 residential jobs per day or 1–2 large commercial jobs. Commercial accounts (property managers, HOAs, shopping centers) provide predictable recurring revenue every 2–4 years.

Revenue Range

Low End
$100K
Typical
$350K
High End
$800K

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 238990 · All Other Specialty Trade Contractors

Deals tracked
692
261 in last 24 mo
Median loan
$664K
$304K–$1.7M p25/p75
Implied deal size
$781K
median · ~85% LTV
Charge-off rate
5.1%
of loans that finished

Deal Size Distribution

<$150K
64
$150K–500K
207
$500K–1M
151
$1M–2M
123
>$2M
147

Deal Flow Over Time

Deals per year · median loan
$616K
2020
68
$550K
2021
105
$671K
2022
88
$808K
2023
98
$709K
2024
134
$595K
2025
175
$1.2M
2026
24
12-month momentum
-35.8%
deal volume vs prior 12 mo
Median loan Δ
+47.1%
102 recent · 159 prior

Financing Profile

Median rate
9.50%
21% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
98%
of loans secured
Median jobs
10
supported per deal
Top lenders in this space
Live Oak Banking Company107
The Huntington National Bank98
Old National Bank27
First Internet Bank of Indiana19
Brookline Bank, a Division of Beacon Bank and Trust18
Where deals happen
FL105
TX49
CA48
MN38
PA29
CO29
NC28
IL26
WI25
NY22
Franchise vs independent
Franchised acquisitions finance at $614K median vs $675K for independents — a -9% franchise discount. Franchises make up 9% of deals tracked.

Recent Comparable Deals

ClosedStateLoanImplied dealJobsFranchise
Dec 2025SC$3.0M$3.6M30
Dec 2025SC$500K$588K30
Dec 2025FL$5.0M$5.9M18
Dec 2025WA$1.1M$1.4M10
Dec 2025FL$150K$177K8
Dec 2025FL$891K$1.0M8
Dec 2025NV$4.0M$4.7M2
Dec 2025NV$250K$294K2
Dec 2025TX$500K$588K20
Dec 2025TX$2.9M$3.4M20
Volume rank #6/534Deal-size rank #281/534Momentum rank #194p90 loan: $2.8MData as of Dec 2025

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

  • +Very low startup cost — under $30K to begin; under $100K for full commercial setup
  • +High margin: sealant material costs $0.03–$0.08/sq ft, jobs bill $0.25–$0.50+/sq ft
  • +Recurring by nature — every sealed lot needs resealing every 2–4 years
  • +Simple to learn and systemize — no special license required

Cons

  • -Hard seasonal limitation in northern climates (roughly April–October only)
  • -Weather-dependent: rain during or after application ruins the job
  • -Residential work has high churn; commercial accounts require competitive bidding

Best For

First-time buyers or owner-operators looking for a low-capital service business with fast cash flow and easy systemization

Operating Costs

Materials (sealant) run 15–25% of revenue. Add labor (1–2 workers), a trailer, squeegees or spray machine, and a truck. A solo operator can clear $80K–$120K in a strong season running only residential jobs.

SBA Financing Estimator

Adjust the deal — see if it cash flows after debt service

+$2K/mo
after debt service
Deal price — $780K
Range: $350K (1.5×) to $1.4M (3×+)
Down payment — 15% ($117K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 9.50%
SBA median for this category: 9.5%
Loan term — 10 years (120 mo)
SBA median for this category: 120 months
Down payment
$117K
15% equity injection
Loan amount
$663K
85% SBA-financed
Monthly payment
$9K/mo
$366K total interest
Monthly profit
$10K/mo
at 35% margin
Monthly cash flow after debt service
+$2K/mo
Down payment paid back in ~72 months

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

BizBuySell

Find asphalt and paving businesses for sale

BizQuest

Browse sealcoating and paving company acquisition opportunities

Facebook Marketplace

Many small sealcoating operators sell equipment and client lists informally

80/100Excellent

Acquisition Score

Profit margin
23/30
Entry multiple
29/25
Market depth
20/20
Risk (charge-off)
7/15
Deal momentum
0/10

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
2/5
Buy price
$525K$1.1M

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