Very Profitable Landscaping / Maintenance
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2850000
Net Profit / Cash Flow $360000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1990
Number of Employees 50 - 99
Inventory 760000
Relocatable No
Number of Employees 50 - 99
Real Estate Leased
Training Owner Will Assist For Up To 6 Mos.
Reason for Sale Owner Is Retiring.
Description $3MM revenue landscaping and maintenance co with numerous clients - 70% are commercial accts and the balance are residential accounts. Commercial / contractual accts have evergreen/automatic renewal contracts with COLA clauses. Commercial accts average 4 years with the co and residential customers average 5 years. The business is well managed and organized with a professional, long-tenured staff; employees average 5 years with the company (incl field staff). Operations and professional staff are degreed and / or possess the requisite accreditation / licenses. The company has been in business in excess of 10 years and has experienced (and continues to experience) exceptional growth. Discretionary cash flow of $360,000 per annum and high gross margins evidence the efficiency and performance capabilities of the company. Including in the asking price of $1.7MM are tangible assets conservatively valued at $760,000 (incl Accts. Rec. <90 days of $350,000). Owner is retiring and is willing to train / assist new owner for up to 6 mos. This is a very real opportunity for an ex-corporate world manager to secure his/her financial destiny (business could be purchased with 401k funds- without penalty / tax consequences), for a strategic acquirer engaged in the same industry to swiftly expand both geographically and services-wise, and/or for a strategic acquirer engaged in a semi-related industry to synergistically diversify its product lines / services. Based on the value of the tangible assets and the cash flow of the business, the company is priced to move quickly. Contact for more information on this Landscaping / Maintenance business for sale.
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