Business Overview:
Estimated Down Payment: $75,000 (10% of Asking Price)
Born out of a desire to raise a family and send his children to college, the owner started the business from the ground up. The operation has grown a long way from push mowing 30 lawns to grossing over $900,000 in revenue across residential and commercial work.
The business owns a maintenance facility located on 11.5 acres with a 60 x 50 Morton building. The business is for sale while the property can be leased, or the property can be purchased for an additional $400,000. This location is central to all customers and suppliers. Outside of this property, the business comes with all necessary FF&E to hit the ground running: mulch blower, turf sweeper, lawn mowers, trucks, trailers and more.
While COVID set back a lot of the economy, the owner and his team were able to weather the storm and post record revenues.
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 11.5 acre property is located in a suburb of the capital city, Albany. The land is zoned industrial, commercial, light industrial and residential. The facility itself is a 60 x 50 Morton warehouse. It has two overhead doors with two normal door entrances. The building has one bathroom, electric, air compressor hook ups, and welding hook ups.
Market Competition and Expansion:
The business is incredibly strong. It has clean books, a full staff of employees whose average tenure is over 7.5 years, and owns high quality, relatively new equipment. The multiple business lines afford a stable set of revenue streams. This was further proven during COVID. Despite being offline for a brief period of time, the business was still able to grow top-line revenues compared to 2019. One area for improvement is the business’s online presence. The business does not have built out social media pages, nor does it drive customers to leave online reviews. This has never been an issue given how strong their word-of-mouth channel has been, but it’s an area for a buyer to consider investing.
There are two major opportunities. The first is to expand the services offered by the business to include irrigation and landscaping lighting. The second is to invest in online presence, reviews and advertising.
Reason for Selling:
Moving
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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