Services - Landscaping & Yard Services

$Seller Financing Available

Asking Price	$1,300,000	Inventory	n.a**
Gross Income	3,316,000	Real Estate	For sale or lease**
Cash Flow	$387,000	Year Established	2003
FF&E	1,248,000*	Employees	55

* included in the asking price

** not included in the asking price

The company is believed to be the third largest such firm in its market area of 140,000 people. It engages in landscape design, installation and maintenance in the fastest growing county in the state and serves the commercial, institutional and residential markets. The installation of new plantings and irrigation systems accounts for 60 percent of revenue. Typically, the company will be called upon, sometimes through a bidding process, to layout a landscape design for a new or existing building or complex, install the plantings and turf and then negotiate an ongoing maintenance contract. The growth of its market and increasing market share have served to establish the company as a major business presence in its market. Due largely to the new housing slump, results declined in 2007. The discretionary cash flow figure of $387,000 is a three year average; 2007 cash flow was $111,000. Consequently, a previously established asking price was reduced to a $1,300,000 base price. An earnout structure thus has also been established, providing for addional payments to the sellers as results recover.

Facilities: The company moved in to a new five acre facility, including a 3,200 sq. ft. office building, in 2004. Strategically located to serve the company's existing and future market areas, the site includes an equipment maintenance building, a staging area for plantings to be installed and vehicle and equipment parking. Total fair market value of assets included in the purchase price is $1,440,648. The real estate is available for lease or sale.

Competition: The business is very well located to serve existing and future customers. It is a major player in the area with almost unlimited expansion opportunities due to the growth of the geographic market. The company believes that it is the third largest landscape firm in the area.

Growth/Expansion: Expansion opportunities are largely a function of the rapid growth of the company's existing market plus entrance into additional, adjacent geographic markets.

Seller Financing Available: Yes

Financing: Seller will finance half of purchase price. Two points over prime adjustable.

Support/Training: Three months without compensation. The seller would consider remaining with the busines55

Reason Selling: Wish to change careers.