Pavers & Retaining Walls With Commercial Lawn Care

Business Overview:

In this landscaping business, the hardscape division, consisting of retaining walls & pavers makes up 40% of their revenue. 30% of revenue is reoccurring weekly maintenance for commercial clients, HOA’s, and some residential. This division has 800 clients and boasts a 98% retention rate! The pool division is 30% which includes pool design, landscape and water features. This company is stacked with 3 Divisional Managers, an entire administrative staff plus 20 crews consisting of 50 skilled laborers. 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! Boasting 5 years of consecutive year-over-year growth with 2022 revenue over 10 million and already 8 million in committed contracts for 2023. 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. 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. With this purchase, a 10% down payment of $630,000 will return $630,274 in the first year after principle!

Priced at $6,300,000, 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. All the certifications needed (licensed contractor, sprinkler contractors, lawn and paving certifications) are held by the business or current employees, not the owner. 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.

Market Competition and Expansion:

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.

Reason for Selling:

Desires a Strategic Growth Buyer.

Additional Details:

Documents:

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