Description of the business for sale
This company offers landscape contracting and design services, sod and seeding services and lawn installation to the wholesale and retail market place. This company is the result of a merger of two companies with over twenty years in the business. They have an excellent reputation in the industry, loyal customers, a quality product and timely delivery and installation. The seasonality of the business is balanced by a good mix of three main markets: home builders, commercial contractors and retail business. The gross profit margin has increased from 35% to 40% in 2007 due to greater efficiencies in running the crews and aggressive pricing that has been accepted by the marketplace. EBITDA growth is 43% over 2006. An additional employee has been added just to bid commercial jobs because of the overwhelming volume of requests. Another full time crew has been added to handle the additional volume as well. There is substantial growth opportunity by adding more trucks and drivers. Owners are willing to stay for one year for a salary of $50,000 each to insure a smooth transition and allow new owner to experience a full year cycle with all the seasonal variables. This business has been prequalified by several lenders for SBA financing with several different packages. Working capital of $200,000 is included in the sales price.
Support / Training provided by seller
Both owners will stay for one year for $50,000 each.
Description of the facilities
The property is 40,735 sq ft plus improvements. The building is approximately 900 sq ft. There are covered areas for storage and the property is fenced. The land and buildings are available for sale but are not in the sales price. The price of the property is $400,000. The new owner has the option of leasing the property at market value.