Turf Management and Landscaping - Strong Growth

Not Disclosed, GA

Asking Price: Annual Revenue:
$583,000 $840,029

Manufacturing: Agricultural Manufacturing

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RE: Turf Management and Landscaping - Strong Growth Broker: Greg Younts
Owner Financing is Available!
$58,300 down/ $60,000 over 60 months @ 6%. / Other Financing.

Quick Facts

Asking Price: $583,000
Annual Revenue: $840,029
Net Profit: Not Disclosed
Cash Flow: $210,139
Total Debt: Not Disclosed
FF&E: $360,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 6
BBN Listing #: 95584955
Broker Reference #: 1104-16484

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Business Overview:

The business has been providing turf management services for natural grass athletic fields for Atlanta area schools for over 15 years. Business growth has been achieved strictly through referrals and the client base today includes many of the top schools with some of the top sports teams in the area. The services provided are not the lowest cost option available in the market, but quality of service is very important to the schools, coaches and athletes that perform and practice on these athletic fields. New clients have often been won when coaches from visiting teams see the fields maintained by the business and want their schools to have the same quality of fields for their teams. Client retention is very strong as only one client has been lost in the past seven years.

Client contracts are structured such that the business receives a fixed monthly fee from all clients, so revenue does not decline in the winter months. Also, multi-year contacts are in place with several clients. During the slower Winter and Spring months, the owner works a 10-15 hour work week in the Winter and a 30-35 work week in the Spring.

Most of the staff have been with the business for several years, so a new owner would inherit a knowledgeable and well supervised turf management crew.

The owner will sell or lease the real estate. The sale price for the real estate is $675,000, and lender financing is an option.

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Property Features and Assets:

The headquarters for the business is a 3,031 sq. ft. warehouse located on a 1.8 acre lot. The warehouse is used strictly for storage and maintenance of equipment, and storage of supplies. The owner has an office in his home. A second smaller building consisting of 1,167 sq. ft. is also on the lot, but is not currently being used by the business. This building could be used for office space or some other purpose, and could be leased or purchased by the new owner. Assets = $368,000.

Market Competition and Expansion:

Competition in the business's market is limited, and the business has lost only one client in seven years. If a new owner pursued other geographic markets and expanded the services offered, they would face other competitors. There are several possibilities for growing the business. The business has served a limited geography of the Atlanta metro area and has focused on providing services for public and private schools. The business has excelled in its target market, and its track record and reputation for delivery of high quality turf management services will be a plus if a new owner should decide to pursue a larger geography and/or offer more services. In addition to pursuing more school clients, the business could pursue providing services for parks and recreation department's athletic fields. Sod installation and other landscaping services could be offered. Maintenance services for synthetic turf could be added as today the business only maintains natural grass fields. Laser-grading of the dirt surfaces for the base paths and pitcher's mound of baseball fields could be offered. There is a growing demand for this service and clients often ask the owner if he can provide this service. And, the business could expand beyond maintaining athletic fields to providing some services for residential and commercial properties. Some owners of high end residential and commercial properties require that their properties be maintained by golf course equipment to provide the quality of turf maintenance they require.

Reason for Selling:

The owner is starting a new business.

Additional Details:

  • The property is leased.
  • 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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