MergerPlace

High-End Triangle Landscaping

North Carolina


  • Asking Price: $495,000
  • Gross Income: $1,370,879
  • Cash Flow: $204,686
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $160,000
  • Listing ID: #211907
  • Established: 1987
  • Employees: 11 FT

Business Description

High-end “design and install” landscape contractor in business for 30 plus years creating exceptional work for commercial and residential clients within a 40 mile radius.

This is a turnkey and profitable high-end landscaping and property maintenance business. The company is based in the Triangle area and services a premier demographic of commercial and residential clients. Business has grown to consistently generate annual revenues over $1 million. Operations include two full time crews: a six member construction team and a two member maintenance team. The owner works directly with exceptional design architects and skilled craftsmen to create impeccable, aesthetically pleasing work.

Through several decades of business the company has earned an incredible reputation the vast majority of projects come from referrals, past clients and word of mouth. The business has attracted and retained a blue chip roster of commercial and residential accounts of a broad scale, including real estate management companies, large corporate developers, office complex’s and premier private residences. The business has a reputation of having a keen eye for design and developing projects that are intended for the interest of the individual. They are reputable in building trusting relationships with its clients, executing time efficient projects and skillfully working with its customers to develop a scope of work within their desired budget.

Opportunities are so robust that the business is currently unable to bid on most of the Requests For Quotation (RFQs).

2018 Financials are LTM (last twelve months) 12/30/2017 - 11/30/2018


Business Details

Primary Business Category: Services - Other Services
Location: North Carolina

Company Information

Year Established: 1987
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 11 FT

Financial Information

Asking Price: $495,000
Gross Revenue: $1,370,879
Cash Flow: $204,686
FF&E: $160,000
Seller Financing Available: Yes

Property Information

Facilities:

The business currently operates from a facility owned by the seller, which is available for lease ($1,000/mo) but not available for sale. The new owner has the option of relocating the business. The sale of this profitable business will convey $160,000 of equipment, including trucks, back hoe, trailers, excavator, tractor, mowers, small equipment and supplies.

Growth & expansion opportunities:

Service location is within the thriving and growing upscale Research Triangle Region, an area that continues to show strong growth as a home for new industry and labor resources. As the owner has approached retirement, he has consciously limited the growth of the business. Many requests for bids are not aggressively pursued. However post closing the seller would welcome the opportunity to consult and/or do sales and marketing for the new owner.

Competition:

This business has achieved a strong reputation of excellence and quality service within the highly competitive landscape industry. However, the high end projects that this business services are not available to the vast majority of companies.

Reason for selling:

The business owner desires to retire after over three decades of building his successful commercial and residential landscaping business.

Support & Training:

Will train for 4 weeks @ $0 cost. Services provided by the business include: Design and Installation: Clearing - Native plants - Landscape Design - Drainage - Fine grading - Irrigation - Patios and walkways - Lighting - Ponds and water features - Rock and retaining walls - Grounds planning and development Softscape Installation: Ground cover - Seasonal maintenance - Mulching - Seeding - Shrub Tree placement and design - Sod - Topsoil implementation Maintenance: Developing a personalized plan of ongoing upkeep - Seasonal care - Add on additions - Removal Licenses: buyer can work under owner's license (landscape contractor) in the transition period while pursuing their own licensing.

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Business Listed By:

Don Emmett

Murphy Business Brokers