ACQUISITION OPPORTUNITY S-1763

LANDSCAPE & LAWN MAINTENANCE

This established landscape and lawn maintenance business serves both commercial (60%) and residential (40%) customers with traditional design and build landscape services, lawn mowing and maintenance services and snow plowing.  The company is aggressively pursuing commercial, full service maintenance contracts for 2003.  Expected gross revenues for 2003 are conservatively placed at $1.0+ million. 

INVESTMENT HIGHLIGHTS:

·         Well-established business with significant repeat sales from existing customer base

·         Turn-key operation with highly experienced division managers and full complement of trained employees

·         Extensive array of trucks, mowers, and capital equipment will easily support an additional $500k in revenue growth

·         New and repeat commercial contract business for 2003 will boost revenues over $1.0 million

·         Business is aggressively priced to conclude a sale in calendar 2002.

PURCHASE PRICE:

The business is offered as an asset purchase, free and clear of debt and all liabilities for $260,000 cash at closing..

Included in the Sale:

            Trucks, Bobcats, mowers, trailers,

            Lawn maintenance equipment (est. FMV)                                       $225,000

            Inventory @ Cost                                                                              $15,000

            Trade Name, contracts, customer list, goodwill 

FINANCIAL SUMMARY (000’s): 

EBITDA- Earnings Before Interest, Taxes, Depreciation, and Amortization