Well-Established Commercial Landscape Maintenance
Financial Information
- Asking Price: $1,450,000
- Gross Revenue: $3,861,851
- Cash Flow: $439,908
- Down Payment: 0
- FF&E (Included): $391,400
- Inventory: $3,000
- Financing: No
Business Location
- Orange
- Confidential
- California
Over the past 20 years, this profitable, family-owned business has built a great reputation for providing quality landscape services including landscape maintenance and renovations, tree care, and irrigation repair. Primarily servicing homeowners' associations, this business generates consistently high revenues from long-standing clients who are secured by annual contracts. In 2019, the Company's gross revenue exceeded $3.8m which was a 10%+ increase from the prior year. For 2020, despite the pandemic, the gross revenue is expected to be very close to the 2019 numbers. The business maintains a low client concentration with its top account representing under 10% of the revenue. This turnkey business has over 55 employees including long-tenured Field Managers who supervise the crews working at the large-scale homeowners' associations. The price includes over $391,400 (current net book value) worth of trucks (24) and equipment used for the operations.
Growth / Expansion overview
Although the business has shown growth, the Company does not employ an inside or outside salesperson. This presents an incredible opportunity for a buyer who hires a salesperson or 2 for new client outreach. This business can be scaled up by expanding the service area to other surrounding neighborhoods and cities.
Support / Training Comments
As part of the list price, the Seller will provide the Buyer training for, up to, 4 weeks at 30 hours per week after the close of escrow.
Financing Comments
Recent legislation for pandemic relief offers incredible benefits for those who acquire this business with an SBA loan before the end of September 2021. This includes, up to, your first 6 months of loan payments ($9,000 p/month maximum) paid by the SBA.
Reason For Sale
Sellers are retiring.- Home Based: No
- Year Established: 1999
- Franchise: No
- Year Acquired: 1999
- Willing to Train: Yes
- Relocatable: No
- Required Licences: Business License; C27, QAC
- Is Property Leased: Yes
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Fulltime Employees: 56
- Part time Employees: N/A
- Is Management Staying: Yes
- Distressed: No
- Monthly Payroll: $0
- Building Size: 11000 sq ft
- Monthly Rent: $13,500
- Lease Expires: 08/31/2021