Impressive Lawn and Landscape Design Company + Real Estate

It has been an incredible 40-year run for this flourishing family-owned lawn and landscape company. The owners have spent the last four decades building a loyal client base by offering a wide variety of landscaping services in the design and maintenance space. They have put their heart and soul into the business, and it shows in every aspect of this outstanding opportunity. The owners look forward to enjoying the benefits of retirement and are willing to provide ample training in the transition to new ownership.

The business occupies nearly 14 acres of land located in Southcentral Michigan. Several full-time employees focus on client services, landscape design, and local advertising. Staff operate day-to-day functions in a modern (2020) piece of real estate. The primary 9,300 sq ft building that has been meticulously maintained, boasts a welcoming front desk, large amount of office space, garden center, and storage situated on an expansive lot nearing 14 acres of land. This real estate with a value of $915,000 is included in this offering.

An experienced seasonal staff ranging from 20-25 employees excels at hardscaping, softscaping, tree care, irrigation, and more, utilizing a large fleet of vehicles and up-to-date specialty equipment (included in the offering with a value in excess of 1.5 million).

The company focuses on acquiring and servicing individual clients, and recently received local accolades for Best of the Best. Clients return for the individualized design concepts, friendly customer service, and the attention to detail that each and every project receives. While ownership is currently involved in the day to day from a design and operations perspective, they have also trained a well-versed staff that complement and supplement their skillsets.

The business has seen revenues averaging $2.6 million over the last three years, and an impressive SDE of $508,000 over the same period. A 3x multiple of SDE was carefully selected blending the industry standards for landscape design and recurring revenue sources in the industry. SDE being the methodology of choice given the historical involvement of the ownership.

The breakdown of the $2,870,000 offering price for this robust opportunity is as follows

● Enterprise as established by 3x multiple of cashflow: $1,522,000

● Newly acquired equipment expensed/not yet depreciated: $290,000

● Cost Basis Retail/Stock Inventory: $143,000

● Real Estate Value: $915,000

The purchase price of the business includes real estate on nearly 14 acres of land, vehicles and operating equipment, inventory and the goodwill of a business that has been operating for 4 decades. Sellers want to see future ownership succeed and are willing to provide ample transition training.

The sellers envision an asset sale in which they retain all cash and A/R while retiring all liabilities. For a qualified buyer, the seller will carry a meaningful note. Due to the high value of fixed assets this opportunity is a candidate for both SBA and Conventional lending.