Sold
Commercial Landscape Maintenance and Construction
This commercial landscape maintenance and landscape construction company, located in Orange County, California supplies high quality landscape maintenance and renovation projects for their market of homeowner's associations, property management companies and private businesses.
The business has developed an excellent reputation amongst its customers and the community for providing quality, supervised services and top notch customer support. Indications are for revenues and profits to continue to grow. The business is nicely diversified in product mix, and even more attractive is that the majority of the maintenance business is recurring revenue. This consistent and growing cash flow allows the business to operate and grow on a debt free basis.
The business has a balanced blend of maintenance and costruction work, with recurring revenue representing 42% of total billings .
Listed By: Steve Barnett
Background information
Reference:
VBB118
Year established:
2016
Reason selling:
The owner is moving out of state
Finance
Sales:
$2,206,000
Profits:
$219,755
Profit type:
Discretionary Earnings
Operations
Employees:
19
Equipment:
Included in asking price $100,000
Inventory:
Included in asking price
Premises
Facility:
Included in the sale is $100,000 approximate fair market value of equipment, including trailers, trucks, landscape and construction equipment, office furniture & fixtures.
Rent and lease terms:
$2,530 per Month
Location:
Orange County, CA
Opportunities
Growth:
The business has grown systematically and through referrals. In those cases, a representative from the company would meet face-to-face with property management companies. There is no formal marketing program in place, but there are ample opportunities such as marketing through the Houzz website. There is an unfilled need for the services provided by the company, and additional sales efforts would result in increased revenues and profits.
Price and terms
Price:
$685,000
Financing:
The seller will help finance up to 10% of the transaction amount to assist a qualifie
Training:
The owners are committed to ensuring a smooth and successful transition to the new owner. They will introduce the Buyer to all the key customer and vendor relationships and train the Buyer in the management responsibilities of the business. Understanding the complexities of their operation, the owners are willing to train a new owner for up to 6 weeks at up to 20 hou