MergerPlace

CF Rich Landscape Irrigation Company

New Jersey


  • Asking Price: $1,140,000
  • Gross Income: $1,450,000
  • Cash Flow: $325,000
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $123,700
  • Listing ID: #224549
  • Established: 30
  • Employees: 9+

Business Description

This well-known landscape irrigation company located in Northern New Jersey installs and services automatic lawn sprinklers. It has built a client base of over 2,500 recurring customers. Services include spring openings and fall close downs. It also includes installations of new systems as well as maintenance of existing systems.

The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 3.5x SDCF (ttm). A full valuation report is included and there is $10,000 in Net Working Capital plus another $123,700 in Fixed Assets included in the deal. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain more than $220,000 benefit in after- acquisition-debt cash flow in Year #1 – over 97% return on equity investment.

(ALL DATA BASED ON SIGNED TAX RETURNS)


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey

Company Information

Year Established: 30
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 9+

Financial Information

Asking Price: $1,140,000
Gross Revenue: $1,450,000
Cash Flow: $325,000
FF&E: $123,700
Inventory: $10,000
Seller Financing Available: Yes

Property Information

Facilities:

This business currently operates from a 1,500 sq. ft. leased office and garage space.

Growth & expansion opportunities:

It is projected that a new owner will obtain additional growth with a minimal investment of $140k in equipment/new hires. The company projects a revenue growth rate under such premise of $200K+ per year. There is also an opportunity in the installation of low voltage lighting and holiday lighting.

Competition:

The company enjoys a competitive advantage in the market due to reputation and price. The company has a well-trained, professional office staff that deals with the 2,500+ customers with regard to scheduling installations, openings, closings and maintenance of sprinkler systems.

Reason for selling:

Retirement

Support & Training:

A comfortable transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a mid-term compensated consulting agreement thereafter. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.

Contact Business Seller

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Business Listed By:

Karin Neumann

A Neumann & Associates, LLC