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Asking Price$1,550,000
Revenue | $856,540 |
Established | 1984 |
Cash Flow | $440,255 |
Employees | 6 full, 1 part |
FF&E | $411,019* |
Franchise | No |
Inventory | Undisclosed |
Relocatable | Yes |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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51% Profit Margin and $481,000 in hard assets make this company very attractive. Well-established since 1984 this commercial and residential lawn company has been serving Omaha and surrounding areas. Services provided to approximately 450 active weekly accounts include mowing, landscaping, snow removal, tree trimming and sprinkler repair. Many accounts are commercial clients, which include subdivision and HOA. Owner works 6-8 hours per week bidding new projects, with little oversight needed for these long-term employees. The staff of 3 fulltime mowers, 3 full time landscapers and 1 part time Office Administrator has long tenure. Low overhead of $300/month for storage units. Current profit margins are 51% with an increase in Gross Sales and Cash Flow of over 20% from 2013 to 2014. The current Owner has chosen not to take on many additional clients at this time, but a Buyer could elect to increase the client base and increase the sales. Seller was in a car accident which is the reason for the sale. He will train a new Owner for 120 days and is willing to stay on as a consultant post transition if desired.
Based on the Funding Example above and with 2015 Cash Flow of $440,255, a Buyer could realize a $211,880 Net Operating Income after annual debt service payments and all expenses.
Next Steps: For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.
Other Information Reason for Selling: Auto Accident Personnel: 6 FT (3 mowers, 3 landscapers), 1 PT Office Administrator Hours: Varies History: 1984 Lease: Very low rent on storage units – less than $300/mo Support to Buyer: Seller will train, introduce Buyer to clients and provide transition support for 120 days Additional Information:
Year Established: 1984 Location and Service Area: Omaha metro area Client Information: 450 active weekly accounts Services Provided: Include mowing, landscaping, snow removal, tree trimming and sprinkler repair Lease: Very low rent on storage units – less than $300/mo Reason for Selling: Auto Accident Employees: 6 FT (3 Mowers, 3 Landscapers), 1 PT Office Administrator responsible for billing, Staff has long tenure. Hours: Vary by season Seller Training Period: Seller will train, introduce Buyer to clients and provide transition support for 120 days. After 120 days Seller is willing to stay on as a consultant post-transition if desired by Buyer. Growth Opportunities: Owner has chosen not to take on many new clients at this time, but a Buyer could pursue additional contracts Current Owner’s Responsibilities: Works 6-8 hours per week on bidding projects (as needed), taking customer calls, in-field work less than 5-10%
Assets Included in Purchase $481,019 Equipment: $244,425 in mowers, blowers, snow plows, tillers, dump boxes and other tools Vehicles: $166,594 in trucks (6) and trailers (4) A/R: $70,000 (Net 30 days) *Amounts may vary
Funding Example Purchase Price: $1,550,000 15% Buyer Down Payment: $232,500 15% Seller Financing: $232,500 70% Bank Loan: $1,085,000 With the 2015 Cash Flow of $440,255, a Buyer could realize a $214,179 Net Operating Income after annual debt service payments and all expenses and a 96% Return on investment on the $223,500 down payment of 15% in the first year of operation.
Financial Overview List Price: $1,550,000 Gross Sales 2015: $856,540 2014: $849,903 2013: $708,518 Owner Profit/Cash Flow 2015: $440,255 2014: $378,416 2013: $322,878 Growth/Sales Trends: Gross Sales and Seller Cash Flow increased by 20% or more from 2012 to 2014 Profit Margin: 51% Multiplier: 3.4
Facilities: | Lease: Very low rent on storage units – less than $300/mo. |
Growth Potential: | Owner has chosen not to take on many new clients at this time, but a Buyer could pursue additional contracts. |
Training/Support: | Seller will train, introduce Buyer to clients and provide transition support for 120 days |
Seller Financing: | 15% Seller Financing |
Sale Reason: | Auto Accident |
Ad #77866
Seller Reference #SER001
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