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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
76
/100 score
Excellent

Pavement Crack Sealing & Repair

Asphalt cracks in every climate. Someone has to fix it.

Pavement crack sealing businesses fill and seal cracks in asphalt parking lots and roadways to prevent water infiltration and extend pavement life. The surprisingly compelling economics: materials cost roughly $0.05–$0.15 per linear foot, while charging $1.50–$3.00 per linear foot to clients. A single crew can complete $3,000–$8,000 of work per day. Every commercial property in America has a parking lot, and crack sealing needs to be done every 3–5 years. It's essentially a mandated recurring service most property managers dread handling. Companies that combine crack sealing with sealcoating can 3–5x their ticket size per job.

Avg Revenue

$500K

Profit Margin

35%

Acquisition Multiple

2x - 3x

Startup Cost

$30K - $100K

Difficulty

2/5

How It Works

Crews use routers or saws to clean out cracks, blow them clear with compressed air, then apply hot-pour rubberized crack filler using a melter/applicator. Work is booked through commercial property managers, HOAs, municipalities, and retail chains. Most recurring clients need treatment every 3–5 years as part of a pavement maintenance plan.

Revenue Range

Low End
$200K
Typical
$500K
High End
$1.5M

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

  • +Extremely high labor-to-material margin (10–20x markup on materials)
  • +Low startup cost — basic setup under $30K
  • +Every commercial property is a potential recurring customer
  • +Can bundle with sealcoating and striping for larger tickets
  • +Minimal competition in most markets outside metro areas

Cons

  • -Seasonal in cold climates (limited to spring–fall in northern states)
  • -Physically demanding outdoor labor
  • -Hot-pour equipment requires safety training
  • -Revenue is lumpy without a built-up client base

Best For

Owner-operators willing to do physical outdoor work, or investors looking to add to existing asphalt/pavement business

Operating Costs

Equipment (crack router, melter/applicator, air compressor) runs $15K–$40K new. Materials (rubberized sealant) are cheap. Main ongoing costs are labor, fuel, and equipment maintenance. Sealcoating as an add-on requires additional equipment.

SBA Financing Estimator

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

+$6K/mo
after debt service
Deal price — $780K
Range: $750K (2×) to $2.0M (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
$15K/mo
at 35% margin
Monthly cash flow after debt service
+$6K/mo
Down payment paid back in ~20 months — strong return

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 Asphalt Businesses

Find asphalt maintenance businesses including crack sealing for sale

Asphalt Kingdom Marketplace

Industry resource with buyer guides and business opportunities for pavement maintenance

76/100Excellent

Acquisition Score

Profit margin
23/30
Entry multiple
25/25
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
$1.0M$1.5M

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