Business Overview:
This business has been a family owned and operated business for more than four decades. The current owners purchased it from the original owner more than 5 years ago. Since then, the operation has grown tremendously, increasing their revenue, and catering to the needs of the ever-growing population around them.
The business is dedicated to providing high-quality services, based around the tenants of honesty and customer satisfaction. They strive to maintain their excellent reputation throughout the Bighorn Basin. Their services include sprinkler installation, landscaping, sod installation, lawn mowing, spring start up, snow removal, filter cleaning, irrigation system maintenance and irrigation system winterization.
While COVID set back a lot of the economy, the owner and his team were able to weather the storm and post strong revenues. This is largely due to the population growth in the Bighorn Basin, which boasts spectacular views and favorable income tax laws. In addition, the business maintains a 90%+ customer retention rate. The inelastic demand for sprinkler winterization services make the business extremely stable. The business’ central location to the highway and access to large population centers in Wyoming make it easy for customers to access.
The company is an ideal acquisition for someone looking to add-on to an existing home services business or an ambitious business person looking to become an entrepreneur through acquisition.
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Property Features and Assets:
The business is based in Park County, Wyoming in a 52,751 square foot building that is central to several residential communities within a 90 mile radius. The business is in the heart of the Bighorn Basin of Northern Wyoming. It is in close proximity to several desirable cities in the American West. Vicinity to these cities and National Parks is not only a perk of owning the business. The business' employee retention rates are high because employees are treated well and are able to enjoy the beautiful scenery each day they are on the job.
The building is owned by the current owner, who operates another business out of the space. The business' office space includes a large, comfortable office and a storage room for equipment and inventory. In addition, the business has a large reception area with several chairs for customer seating. Many of the business' clients are wealthy ranch owners, so it’s important that customers are treated to a comfortable, professional environment.
The current owner would structure a long-term lease at $1,000 per month with the new owner to keep the current space that the business occupies in the building.
Market Competition and Expansion:
The one threat area is universal with landscaping businesses: reputation makes or breaks the business. The new owner will need to be very proactive in maintaining the standards set by the current owner as it relates to customer service and attention to detail. Being relaxed on these fronts would set up the business for poor online reviews and make continuing or surpassing their success a difficult task.
Hiring and retaining a good crew is essential. In addition, the business’ location in a beautiful area near several attractive cities and sceneries, keeps employees happy outside of work.
Due to the harsh winters that the location is faced with, the new owner will need to make sure they are properly focusing on the upkeep of equipment and make that all maintenance schedules are followed.
Reason for Selling:
The current owner is moving on to new ventures.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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