Thriving Landscape & Masonry Contractor- SF Peninsula

San Mateo County, CA

Thriving Landscape & Masonry Contractor- SF Peninsula
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Asking Price: $495,000

Cash Flow: $600,000

Gross Revenue: $2,250,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Thriving Landscape & Masonry Contractor- SF Peninsula

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Business Description

Profitable SF Peninsula landscape & masonry contractor. 25+ years of sterling reputation serving affluent homeowners. 16 employees combine years of experience & expertise creating outdoor spaces for some of the world’s most discerning clientele. Customers return for multiple projects year after year.
A premier profitable thriving landscape and masonry contracting business on the San Francisco Peninsula, with over 25 years of a sterling reputation in some of the most affluent zip codes in the United States. A cohesive team of 16 employees with many years of experience and demonstrable expertise create outdoor environments for some of the most discerning and demanding clientele in the world. Many customers return for multiple projects and enthusiastically recommend this business to their friends, neighbors, and business associates.
All employees are expected to stay. The owner-operator will be happy to stay on indefinitely in a consulting role to transition the business and participate in growth. The owner is looking to retire and reduce any continuing participation to part-time.
The business includes an extensive fleet of vehicles and equipment, customer databases, ongoing current projects, and prospective jobs scheduled into the future.
Annual gross sales are $2,250,000+. In-progress and pending jobs predict a 2019 that could well exceed $3,000,000. 2018 annual Seller’s Discretionary Earnings (SDE) are estimated by Seller to be just over $600,000.
The purchaser of the business will take over, as part of the transaction, about $2,000,000 of contracts.
The physical assets of the business include four trucks, plus various pieces of equipment (including but not limited to excavators, loaders, Bobcats, saws, sanders, sprayers, jack hammers, welding tools, shovels, picks, axes, power washer, wheel barrows, sledge hammers, carpentry tools, trowels, concrete floats, carts, paver cutters, tool chests, mowers, edgers, ladders, roto-tillers, trailers) with a value of approximately $630,000. A comprehensive asset list follows.
The business is solely-owned by one individual. The Seller’s Discretionary Earnings (“SDE) are estimated to be over $600,000 for 2018, although somewhat higher than in recent previous years.
The business is being offered for acquisition at an asking price of $495,000, plus the fair market value of vehicles and equipment, plus 10% of open contract balances at time of closing. Final price is subject to negotiation and terms.
Complete historical financial data (tax returns, bank statements, A/R and A/P records, etc.), employee records, current and pending contracts, detailed equipment list, etc. will be provided to serious financially-qualified prospects upon submission of an NDA and preliminary discussion with the seller and broker.
It is anticipated that this will be a sale of all the tangible and intangible assets of the corporation, including the very valuable business name; but, not the corporation itself, nor accounts receivable, accounts payable, or cash on hand. This will also include website(s), phone numbers, customer list, supplier contacts, employment relationships, etc.—the “goodwill” of the business.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

Detailed Information

Employees:
16
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(from currently available funds)
 
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Tim Cunha, J.D.

Business Listed By:
Tim Cunha

an EvergreenGold Business Broker

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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