Irrigation & Outdoor Landscape Lighting Contractor

Fairfield County, CT

Irrigation & Outdoor Landscape Lighting Contractor
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,200,000

EBITDA: $272,000

FF&E: N/A

Inventory: N/A

Established: N/A

Irrigation & Outdoor Landscape Lighting Contractor

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Business Description

The Company estimates, designs, installs, and services all types of irrigation systems, primarily for residential customers. 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 55% of 2017 sales. Other revenue includes irrigation installation projects (35%), 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 office and storage structures totaling 2,900 square feet. Operations are supported by 12 full-time and 5 part-time employees, featuring 1 administrative management and 5 crew management employees.

Detailed Information

Location:
Fairfield County, CT
Competition:
- 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. - Annuitized Revenue Stream: Service revenues continue to grow, with a majority of installation customers becoming ongoing service customers in future years. Service revenues reached over $600,000 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.
Financing:
Negotiable
Support & Training:
As needed
Reason for Selling:
Pursue other interests
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Ahmad Behjati

Business Listed By:
Ahmad Behjati

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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