Seller's Contact Information
- RE: Diversified Client Mix In Lawn And Landscape
- Contact: Jared Olson
Quick Facts
Asking Price: | $6,200,000 | |
Annual Revenue: | $10,384,367 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $1,362,998 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2002 | |
Employees: | 55 | |
BBN Listing #: | 466534398 | |
Broker Reference #: | TRA040-F |
Business Overview:
Boasting 5 years of consecutive year-over-year growth with 2022 revenue over 10 million and already 6 million in committed contracts for spring 2023. Their hardscape services consisting of retaining walls & pavers makes up 40% of their revenue. The pool division is 35% which includes pool design, landscape and water features. The remaining 25% is in reoccurring weekly maintenance for HOA’s, and both residential and commercial clients. This division has 800 residential homeowners on their list and boasts a 98% retention rate! This company is stacked with 3 Divisional Managers, an entire administrative staff plus 20 crews consisting of 50 skilled laborers. After more than 20 years in business, the owner is selling to bring on a buyer who wants to keep growing. He has offered a transition period of 3 years to ensure a smooth transfer of ownership for both the buyer and his staff. This business has $4.7M in assets, including 41 trucks and 37 trailers, and over $600,000 in AR which makes the buyers bank loan 100% collateralized! The current owner has offered to carry or remain minority owner for up to 20% of this purchase, showing his ongoing vested interest in the success of the business.
All of the certifications needed (licensed contractor, sprinkler contractors, lawn and paving certifications) are held by the business or current employees, not the owner. Priced at $6,200,000, this business is primed and ready for a strategic growth minded buyer to step in and scale the business with the necessary equipment in order to do so. There is a solid team, client base, and local reputation that the new owner will flourish with. There is absolutely no marketing in place, all business is based on reputation, and they also have much
more capacity with their current location and fleet.
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Property Features and Assets:
Vehicles: $1,904,702 (41 Trucks & 37 Trailers) Equipment: $1,738,259 Inventory: $510,157 Working Capital: $621,647 • A/R: $1,044,170 • A/P: $422,523
Reason for Selling:
Desires a Strategic Growth Buyer.
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
Documents:
Relevant Links:
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