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Listed by:

Neumann Associates

Cash Flow Rich Landscape Irrigation Company For Sale

Northern New Jersey, New Jersey, US
Asking Price:
$1,140,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,520,000 (USD)
Cash Flow:
$410,000 (USD)

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 2.8x 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 close to $250,000 benefit in after- acquisition-debt cash flow in Year #1 – over 100% return on equity investment.

(ALL DATA BASED ON SIGNED TAX RETURNS)

Property Information

Real Estate:

Lease

Location:

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

Business Operation

Expansion Potential:

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 / Market:

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.

Reasons for selling:

Retirement

Employees:
9+
Years established:
30+

Other Information

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.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$228k Seller financing plus $684k Bank financing subject to buyer qualification

Furniture / Fixtures value:
$123,700 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Neumann Associates

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