Industry: Other Building and Construction
Listing ID: 1976622
Listing Status: Sold
This is a unique opportunity to acquire an established, full-service landscaping company with a 35-year reputation and long-term customer base. Owner operated since its inception. Owner has never advertised in over 35 years and makes a great living. Crews are dedicated and experienced, and most have over 11 years with the company. No job is too big or too small. The company provides custom landscape design; installation and maintenance of pavers, water features, and hardscapes; tree and shrub care; and lawn fertilization and irrigation. They also provide snow removal services in the winter. Equipment is well maintained and included in the sale. Owner is willing to provide a month of training to ensure Buyer's success. A great benefit of owning this business is the recurring revenue. 35% of revenues from maintenance work are under Commercial and Residential contract. 65% of revenue is custom design/build work, much of which results in long-term maintenance thereafter. Customers include developers and home builders, Homeowners' Associations, commercial companies, and individual residences. 90% of their service area is contained in Carson City, which could be expanded if desired. Northern Nevada is currently experiencing unprecedented population growth. The landscaping industry is well positioned to capitalize on this growth, as this is a service that cannot be automated. Current Owner has to turn away work. A motivated Buyer could easily expand this company by taking on additional contracts, and marketing to the influx of new residents and businesses. Or a Buyer could simply step in and enjoy continued growth and profitability. The Business is SBA pre-qualified for a Small Business Administration Loan (SBA 7a Loan). Buyer could purchase with as little as 10% down of the acquisition price. Seller is prepared to finance a portion of the purchase. Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools -including a Tier 1 University with over 25,000 students?and is just a half hour from beautiful Lake Tahoe. From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it?s no wonder that Nevada ranks #7 Most Business-Friendly Tax Climate.
Total Sales: $642,967
Cash Flow: $113,665