¢
BIZBITE

Asphalt Sealcoating

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

Bottom line

Accessible entry point; validate local supply before buying.

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.

82
Acquisition score
Excellent

Avg Revenue

$350K

Profit Margin

35%

Acquisition Multiple

1.5x - 3x

Startup Cost

$20K - $100K

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

BizBite underwriting snapshot

Watch / verify

Asphalt Sealcoating has enough high-level data for a first look, but BizBite has not assigned a category-specific operating model yet. Treat the score as preliminary.

53
Fair / 100
Data confidence
medium
52/100
Financing fit
medium

Category-level fit before lender-specific diligence.

Confidence cap
78

Weak source data caps the final score.

Why it may work

  • +Attractive 35% estimated margin profile
  • +SBA dataset shows 295 recent comparable loans

Be careful

  • !Source link status has not been verified yet
  • !No last-checked date yet
  • !No category operating model yet
  • !No category model yet

Real Acquisitions in This Category

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

Deals tracked
729
295 in last 24 mo
Median loan
$660K
$305K–$1.7M p25/p75
Implied deal size
$777K
median · ~85% LTV
Charge-off rate
not enough resolved loans

Deal Size Distribution

<$150K
66
$150K–500K
218
$500K–1M
158
$1M–2M
131
>$2M
156

Deal Flow Over Time

12-month momentum
-12.1%
deal volume vs prior 12 mo
Median loan Δ
+40.2%
138 recent · 157 prior

Financing Profile

Median rate
9.50%
19% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
0%
of loans secured
Median jobs
10
supported per deal
Top lenders in this space
The Huntington National Bank111
Live Oak Banking Company110
Old National Bank27
First Internet Bank of Indiana24
Beacon Bank and Trust19
Where deals happen
FL113
CA54
TX53
MN38
PA31
CO31
NC29
WA27
IL26
WI25
Franchise vs independent
Franchised acquisitions finance at $620K median vs $671K for independents — a -8% franchise discount. Franchises make up 8% of deals tracked.

Recent Comparable Deals

ClosedStateLoanImplied deal
Mar 2026TN$447K$526K
Mar 2026CA$350K$412K
Mar 2026VA$300K$353K
Mar 2026CO$545K$641K
Mar 2026MA$1.6M$1.9M
Mar 2026VA$4.2M$5.0M
Mar 2026NC$2.3M$2.7M
Mar 2026OH$25K$29K
Mar 2026OH$210K$247K
Mar 2026MN$855K$1.0M
Volume rank #6/544Deal-size rank #291/544Momentum rank #216p90 loan: $2.9MData as of Mar 2026

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

82/100Excellent

Acquisition Score

Profit margin
23/30
Entry multiple
29/25
Market depth
20/20
Risk (charge-off)
8/15
Deal momentum
2/10

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

Get the full breakdown in your inbox

Weekly boring business breakdowns

One boring business. Real numbers. Every week. Free.

Buy a asphalt sealcoating
via BizBuySell
See listings →