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Landscape Listing Photo-1

[Under Contract] Commercial / Residential Landscaping with Contracts

North Carolina
  • Asking Price$1,750,000
  • Revenue$2,080,000
  • Cash Flow$480,000
  • InventoryN/A
  • FF&E$0*
  • Real estateFor Lease
  • Established2005
  • *INCLUDED IN ASKING PRICE
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CONTACT THE BROKER

Erik Sullivan web
Erik Sullivan
919-263-2550

Business Description

Over 60% recurring revenue in desirable coastal market!

Established commercial and residential landscape maintenance company with 400+ clients in a desirable coastal market. Over 60% of revenue comes from recurring maintenance contracts – the remaining 40% from design + build work. 2021 revenue is on track to exceed $2.2 million.

In business 15 years, this landscape management company is one of the leaders in its area. Its main customers are high-end homeowners and vacation rental owners, HOAs & commercial property owners.

A strong management team allows the owner to operate the company absentee. Staff features a dedicated general manager, CFO, operations manager, designer, and mechanics, among others. Many processes and systems are in place to track the performance of the company remotely.

Company operates from a standalone 2,400 square foot industrial facility with office space, overhead roll up doors, and maintenance garage. Property sits on several acres which are used for the storage of equipment and inventory.

Company Highlights:
• Consistent, clean financials
• Recurring revenue model
• Owner absentee
• Long-term customers
• Largest customer less than 7% of revenue
• Established brand
• Highly reputable
• Limited competition
• Existing management team
• Difficult to replace or replicate
• Owner has invested in quality equipment and newer model trucks
 
Buyer must demonstrate financial capability. The business and real estate have been prequalified for an SBA loan package that includes $100,000 in working capital for a Buyer with $300,000 down.

Comprehensive marketing package including detailed video overview available upon initial interview and signing of non-disclosure agreement. To learn more, contact Jonah Pollone at MidStreet at (919) 263-2550 or jonah@midstreet.com. Real Estate offered through MidStreet Realty, Inc.
INVENTORY

Included in asking price

Real estate

Owned; owner will lease to new owner

building square footage

2,400+

Furniture, Fixtures, & Equipment (FF&E)

Included in asking price

Facilities

Seller-owned real estate of approximately 2,400+ square feet on over 3 acres. Well maintained with recently renovated office space, overhead doors, and proximity to major markets. Real estate offered through MidStreet Realty, Inc.

Competition

While competition does exist, this business is one of the most respected landscape maintenance companies in its market and offers a more professionalized service than its competition.

GROWTH & EXPANSION

Growth opportunities include acquisition within the existing service area, expanding product offerings, growing the company’s service area, and targeting untapped customer segments.

Support & Training

Although a large training period should not be necessary from the owner, on-site transition support and call/email support will be made available and are included in the purchase price.

Reason for Selling

The current owner wishes to focus their energy on other interests.

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Understand Buyer Financing

Almost all buyers will use some type of financing when they purchase a business. If you plan to finance, then you need to know your options. Informed buyers have time to prepare for the buying process, while those who wait wind up slowing down the deal. Don’t wait.
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