Industrial / Commercial Landscape & Maintenance Company

GA

Seller Financing Available
Project Completed by Project Landscape
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Asking Price: N/A

Cash Flow: $635,000

Gross Revenue: $1,611,000

EBITDA: $500,250

FF&E: $500,000

Inventory: $128,000

Real Estate: $900,000*

Established: 1953

*not included in asking price.

Industrial / Commercial Landscape & Maintenance Company

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Business Description

30% Profit Margin

Project Landscape, located in the Atlanta, GA has provided commercial and industrial companies contracted landscape design/build projects and continued maintenances services, since 1953. The reason for selling the business is a generational transfer to the next generation of ownership.

The scope of services marketed to their customers include:

• Commercial/Industrial Landscape Design Build & Maintenance
• Commercial/Industrial Irrigation Design Build & Maintenance
• Residential Landscape Design & Installation
• Irrigation Backflow Testing
• Bulk Mulch Sales

For the past 40-years Project Landscape is the leader in their county with a focus on the just the commercial/industrial sector. Their leadership position has resulted in:

• Continued profitable growth as their county has exponentially grown; The profitability has enabled the company to pay benefits to employees: (health insurance; vacations, paid holidays, continued education, simple IRA match, bonuses;
• Many of their customers are Fortune 100, 500 or 1000 companies. The quality of the customer has allowed the Company to achieve an enviable “cash-flow”;
• Operating in a less competitive market vs. the residential market, thus allowing increased margins;
• Stable work-force, whereas Project Landscape managers and most workers have been with the company over 10+ years;
• Over the years, Project Landscape has continued to invest Capex into the business.

Project Landscape sale can be structured as an Asset or Stock Sale, debt free, and with adequate working capital left on the balance sheet (cash and account receivable). The Seller is amendable to offering Seller Financing for a portion of the sale price. The Seller owns the real estate and is amenable to a long-term lease, or the Buyer can acquire the real estate/improvements from the Seller. The real estate price will be determined by a third-party appraiser. Over the last 4 years, (2015 – 2018) Project Landscape has generated $1.7 million of EBITDA. In 2019 / 2020. and is projecting revenue of $1.7 million / $1.9 million and EBITDA $565,000 / $610,000 respectively. In 2019, the company has approximately 55% of the projected revenue under contract on January 1, 2019.

If the buyer would like the seller to continue managing the business post-acquisition, the seller is amendable to continuing for $75,000 salary.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
11,000
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Real Estate consists of a) 2,000 s,f, office; b)3,200 s.f shop, small equipment area, parts with 4-bay shop,6,200 s.f. open-air shed. 10-acres of land
Competition:
# one landscaper maintenance in their market area
Growth & Expansion:
County Development Commission has projected a 10% growth rate over the next couple of years. More than 40 Fortune 100, 500 and 1000 companies located in County, of which many are Project Landscape customers. Project Landscape does not market its services outside of the home county. Hundreds of industrial/commercial businesses within 50 -mile radius of the current location.
Financing:
Up to 50% of purchase price
Support & Training:
Long - transition if required.
Reason for Selling:
A generational transfer to the next generation of ownership. Retirement
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(from currently available funds)
 
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Michael Togneri

Business Listed By:
Michael Togneri

Neri Capital Partners

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