Irrigation & Outdoor Landscape Contractor

Fairfield County, CT

Irrigation & Outdoor Landscape  Contractor
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Asking Price: Get Financing: N/A

Cash Flow: N/A

Gross Revenue: $1,300,000

EBITDA: $275,000

FF&E: $560,000

Inventory: N/A

Established: N/A

Irrigation & Outdoor Landscape Contractor

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Business Description

The company is an Irrigation & Outdoor Landscape Lighting Contractor in Fairfield County Connecticut, available for acquisition with an estimated revenue of $1.3 MM and Ebitda of over $225K for current year, for which a profile and brief overview of the company is listed below. The information contained in the profile is necessarily vague due to the company's name recognition in the marketplace.

Brief Overview: The Company estimates, designs, installs, and services all types of irrigation systems, primarily for residential customers. Seasonal services, such as spring start-ups/activations, summer checkups, fall winterizations, and other repair/maintenance services are a major component of the Company's business model, reaching 50% of 2016 sales. Other revenue includes irrigation installation projects (40%), materials/equipment (9%), and lighting installations (1%). Its customer market is primarily residential homeowners. The typical new installation has either no system (approximately 65% of new customers), has a new landscape project underway (25%), is a newly built home (5%), or is a replacement of an old system (5%). The Company’s facilities comprise two offices and storage structures totaling 2,900 square feet. Operations are supported by 12 full-time and 2 part-time employees, featuring 2 administrative management employees and 3 crew management employees.

Compelling Value Proposition: The Company’s high level of expertise, including water conservation, the latest-technology systems and equipment, customization, and follow-up/maintenance services, provides a compelling value proposition to the customer, compared to other regional operators. During the years of 2017 and 2018, the Company invested significant resources into transitioning certain administrative operations to a digital platform. Using industry-specific CRM software, field technicians are able to efficiently communicate with the office staff in regards to scheduling, invoicing, and record-keeping. Other key components of the software include analytical reporting, marketing tools, inventory management, and GPS tracking for vehicles.

Annuitized Revenue Stream: Service revenues continue to grow, with a majority of installation customers becoming ongoing service customers in future years. Service revenues reached $604,135.66 in 2017, and are expected to reach at least $650,000 in 2018.

Increasing Irrigation Landscape Demand: The demand for greater water conservation has dramatically increased the need for skilled irrigation technicians, along with modern installation and regulation practices and monitoring. These pressures will only increase with population growth and the scarcity of resources.

Products and Services: The Company specializes in system engineering, coordinating available water resources with system design and layout. The owner carries both J3 (lawn sprinkler) and J1 (pumps, filters, and water treatment) contractor licenses and an associates degree in electrical technology, supporting the Company's higher level of system expertise. Seasonal services, such as spring start-ups/activations, midsummer checkups, fall winterizations, and other repair/maintenance services are a major component of the Company's business model, reaching 50% of 2016 sales. Other revenue includes irrigation installation projects (40%), materials/equipment (9%), and lighting installations (1%).

Our goal is to identify and communicate with qualified buyers, like yourself, who may benefit from completing a transaction with our selling clients. In order to release the Comprehensive Information Memorandum including an overview of the business, historical and projected financial pro forma, and application to your business (collectively CIM), kindly execute and return the Confidentiality Agreement. Upon receipt, we will promptly forward you the CIM.

If you have any preliminary questions regarding the opportunity or the Confidential Agreement, please contact me.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable
Support & Training:
Management Will Remain through Transition: Management is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Reason for Selling:
Gradual retirement
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(from currently available funds)
 
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Ahmad Behjati

Business Listed By:
Ahmad Behjati

Behjati Capital Group LLC Mergers & Aquisitions

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