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  • RE:  Commercial Property Maintenance Business
  • Contact:  Jeffrey Hoag

Quick Facts

Asking Price: $5,450,000
Annual Revenue: $6,874,587
Net Profit: Not Disclosed
Cash Flow: $811,816
Total Debt: Not Disclosed
FF&E: 2,631,150
Real Estate: $1,200,000
Year Established: 1998
Employees: 71
BBN Listing #: 56864971
Broker Reference #: 60351-397188

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Business Overview:

Thriving Midwest Commercial Property Maintenance Business

Twenty-five year-old commercial property maintenance business serving Southwest Michigan and North Central Indiana. Services include lawncare, landscaping, fertilization, irrigation and snow removal. The business has seen steady growth over the last several years and works on long term contracts with municipalities, utility providers, manufacturing companies, a regional healthcare provider, public school districts and more. Staffing includes 11 experienced full-time employees and 45-60 seasonal employees. There is an existing management team in place consisting of a President, a Director of Operations and an Operations Manager. The business owns more than $2.6 million in fixtures, furnishings and equipment, including 50 vehicles and 32 trailers. Recent investments include 52 mowers purchased in 2022. The seller owns the real estate in Niles, MI and is offering it for sale as part of the transaction. The seller will also consider a long-term lease on the real estate with an option to purchase in the future.

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Property Features and Assets:

FF&E Overview: FF&E includes trucks, trailers, loaders, skid steers, mowers, plows, salt spreaders, blowers, trimmers, misc. construction equipment, office furniture, computers, etc. FF&E General Condition: FF&E is in good condition. The Owner invests in regular maintenance of vehicles and equipment, the majority of which is completed with in-house staff

Market Competition and Expansion:

Competition: This business is the largest property maintenance company of its kind in the region and faces minimal direct competition in Southwest Michigan and North Central Indiana. The region is well known for its unpredictable lake effect snow events and this business maintains the equipment and manpower necessary to serve its large commercial customer base. The business holds contracts with several large property management companies, who continue to look for ways to streamline operations with vendors that can provide multiple services. Expansion: Invest in marketing and outside sales. Increase the management team to allow for more crews. Bring additional services (tree removal, fencing, hardscape, etc.) in-house. Provide in-house landscape design services. Implement more robust software and systems to streamline operations, training, etc. Reinstate company sponsored educational program for current and potential clients. Consider expansion through acquisition of smaller operators in the area.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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