Offered Exclusively Through Keate Partners

 

ACQUISITION OPPORTUNITY – CLIENT S-1768

 

LAWNCARE / LANDSCAPING

This highly profitable company is engaged in providing contract grounds maintenance services to (strictly) commercial customers – apartment complexes, condominiums, and commercial buildings.  Services include lawn mowing, mulching, tree and shrub trimming, weed control in beds, and snow plowing/salt spreading.  This is an outstanding long established and profitable business with excellent growth opportunities, almost exclusively through referrals.

 INVESTMENT HIGHLIGHTS:

·        Profitable business based on quality and service.

·        Average $144,000 ACF during the past three years

·        Established account base.

·        Business contracts for 2003 season are currently being approved.

·        Easy business transfer to new owner; seller willing to assist in transition.

·        Well maintained commercial equipment.

·        Growth potential by adding new accounts and services.

 PURCHASE PRICE: 

This business is offered as an asset purchase, free and clear of all debt and liabilities for $325,000.  To a financially qualified buyer the seller will finance 50% of the purchase price, based on retention of commercial accounts though the 2003 season.  

 Included in the assets are: 

Trucks, Bobcat & equipment, Estimated FMV                           $100,000

                        Customer Contracts

FINANCIAL SUMMARY:  

 

2002  

2001  

2000  

 
Sales

$296,465

$304,195 $296,406    
ACF 140,154 149,522 142,509    
           

ACF (Adjusted Cash Flow) is the pretax cash flow of the company prior to expenses of seller’s salary, depreciation, and certain seller discretionary expenses that will be eliminated upon the sale of the business.

FOR FURTHER INFORMATION CONTACT KEATE PARTNERS (513) 241-3700