Offered Exclusively Through Keate Partners

 

ACQUISITION OPPORTUNITY S-1717

LAWN CARE AND LANDSCAPING BUSINESS

This small lawn care and landscaping business serves both residential (60% of sales) and commercial (40% of sales) customers.  Sales revenues have averaged over $185,000 per year during the past three years. 

This established business offers complete ground care and maintenance services, including mowing, bed maintenance and mulching, tree and shrub trimming, fertilizer programs, design and installation, seed and sod work, stone work and other landscape construction projects. 

The business is being offered as an asset sale, free and clear of debt for $125,000.   

Terms are $65,000 cash at closing.  The seller will accept a promissory note from the buyer for the remainder of the purchase price, personally guaranteed with a lien on the business assets.

The business is generating over $65,000 per year (net) to an owner-operator (before interest, depreciation and taxes) in about eight to nine months of activity. 

There is opportunity to grow the business with more sales and marketing activity and by expanding services to include winter snow removal and lot maintenance.

FINANCIAL SUMMARY  ($000):  

 

2000  

1999  

1998  

Assets Included
Sales

$192,139

 $184,453 $183,176

Vehicles, Equipment

$  65,000
Gross Profit 103,348 96,575 101,666    
ACF 65,027 67,543 84,540

 

 

ACF (Adjusted Cash Flow) is the pretax profit (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