Business Summary:
In this landscaping business, the hardscape division,consisting of retaining walls & pavers makes up 40% of theirrevenue. 30% of revenue is reoccurring weekly maintenancefor commercial clients, HOA’s, and some residential. Thisdivision 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 with3 Divisional Managers, an entire administrative staff plus 20crews 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-yeargrowth with 2022 revenue over 10 million and already 8million in committed contracts for 2023. After more than 20years in business, the owner is selling to bring on a buyerwho wants to keep growing. He has offered a transition periodof 3+ years to ensure a smooth transfer of ownership for boththe buyer and his staff. The current owner has offered to carryor remain minority owner for up to 20% of this purchase,showing his ongoing vested interest in the success of thebusiness. 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 astrategic growth minded buyer to step in and scale thebusiness with the necessary equipment in order to do so. Allthe certifications needed (licensed contractor, sprinklercontractors, lawn and paving certifications) are held by thebusiness or current employees, not the owner. There is asolid team, client base, and local reputation that the newowner will flourish with. There is absolutely no marketing inplace, all business is based on reputation, and they also havemuch more capacity with their current location and fleet.
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