Seller's Contact Information
- RE: Highly Profitable Irrigation Company
- Contact: Karin Neumann
Quick Facts
Asking Price: | $930,000 | |
Annual Revenue: | $930,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $300,000 | |
Total Debt: | Not Disclosed | |
FF&E: | 190,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 25 | |
Employees: | 10 | |
BBN Listing #: | 29716267 | |
Broker Reference #: | 1492-2096 |
Business Overview:
This well-known Lawn Sprinkler Services Company has provided expert irrigation solutions, product installation, and contractual maintenance services to an impressive roster of North New Jersey accounts for over 25 years. The Company has experienced significant revenue growth and enjoys high operating margins with documented profitability.
The company has been fully reviewed and conservatively appraised by a well-known national valuation firm at 3.8x EBITDA (FY 2022). A full valuation report is included in the prospectus. There is zero debt to be assumed and the deal includes $40k in net working capital plus $190,000 in fixed assets. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner-operator will obtain more than $165,000 benefit in after-acquisition-debt cash flow or over 90% ROI in Year #1.
(ALL DATA BASED ON SIGNED TAX RETURNS)
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Property Features and Assets:
The seller’s 1,000 Square Feet leased facility and secure yard is in a prime location with very attractive/flexible lease terms.
Market Competition and Expansion:
The Company enjoys a competitive advantage by leveraging a distinct “niche expertise and product mix” to provide its diverse client base with exceptional customer service and fair pricing – stability and growth have been the result. This is a turnkey operation with experienced management and dedicated technicians in place. It is projected that a new owner will obtain compelling additional growth by expanding the direct sales efforts (to additional commercial and residential targets) with a minimal personnel investment of $100k to $150k per year. The company projects an accelerated revenue growth rate under such premise of 25% to 35% per year.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- 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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