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Landscape Contractors #2133

Will County, IL (Relocatable)

Landscape
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Asking Price: N/A

Cash Flow: $618,000

Gross Revenue: $2,330,000

EBITDA: $490,000

FF&E: $650,000

Inventory: N/A

Rent: $0.50 /Month

Established: 1981

Landscape Contractors #2133

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Business Description

The Company is a landscaping company based in the Suburban Chicago market. They offer landscaping services for townhome associations, condominium associations, apartment complexes, property management firms, commercial grounds, office parks, public spaces, retail plazas, and industrial properties. Their specialties include landscape maintenance, landscape design, new construction, and snow removal services. Property serving the business is potentially available.
The Company is showing year after year profits. Business seasonal factors are reduced by providing seasonal services including snow removal for the same clients that need landscaping during the summer. The Company is well positioned to provide a stable and profitable platform for growth. It is an attractive acquisition candidate for strategic or private parties desiring a well-established business.
In 2017, the Company yielded $ 2,170,000 in revenue with EBITDA of $460,000 (Strategic), $427,000 (Financial). The Company is on tract to achieve $ 2,230,000 in revenue with $ 490,000 (Strategic) EBITDA and $427,000 (Financial) EBITDA for 2018.
The management of the business will be ongoing although in-house Bookkeeping services will need to be replaced by the buyer. Management of the business will continue through an extended transition to assist the buyer going forward.
The Company has a strong market presence and is well known in their market territory. They have a niche clientele of mostly multi-family housing properties serving HOA's and Property Managers along with some select commercial properties.
The Companies key to success has been to provide better service and care than most landscape services while maintaining cost effectiveness.
Facilities used to run the business (6,000 SF under roof and +/- 3 acres total with yard space for equipment)will be available to rent at a rate well below market rates (see rent adjustment in business memorandum) or the business may be moved to another facility depending on buyer's needs.

Attached Documents


Detailed Information

Location:
Will County, IL
Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
N/A
Employees:
30-80
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company is currently being run out of owners property. The overall square footage being used for the business is 6,000 SF under roof and +/- 3 acres with yard space for equipment storage. Business operations may use the property under a lease contract or they may be moved if the buyer has suitable facilities. Owner’s property will not be part of the sale in the short term.
Competition:
The target market for this company is multi-family properties (condo’s, townhomes, apartment buildings) as well as commercial properties. The Company has a strong base of existing clients and is located in an area of growing markets with new multi-family and commercial projects. The Company is a strong, middle-sized company. It’s not too large as to lose control with efficiency of the labor force and quality business management, and not too small and therefore able to provide full service on their landscaping, chemical applications, installations and maintenance. The Company relies upon their service to existing clients that keeps them coming back. They also rely on their reputation in their industry for new prospective clients.
Growth & Expansion:
The operational area of this business is growing vastly with new commercial, office, and industrial projects and is ripe for growing the business. The current owners are running the business in a comfortable manner and not really concerned about growth but the opportunity is there for new management with a more aggressive approach to capitalize upon.
Financing:
10% (negotiable)
Support & Training:
Management of the business will continue to support the business depending on buyer needs. However, bookkeeping services will need to be replaced in the short term allowing enough time to assist buyer in a smooth transition.
Reason for Selling:
The two primary owners/founders are preparing for retirement.
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Todd Cushing CM&AA, CMEA, SBA, FRC, BTS

Business Listed By:
Todd Cushing

EBIT Associates, Ltd.

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