*DEAL PENDING* High-Volume Commercial&Residential Landscaping Business

Middlesex County, MA
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Sale Pending
Asking Price:$2,295,000
EBITDA:$656,000
Gross Revenue:$4,918,000
Real Estate:$1,500,000
BUSINESS DESCRIPTION

A leading landscape and lawn care company serving commercial and residential customers west and south of Boston is available for sale! This company, historically grossing $5M+ per year, serves primarily commercial customers in condominium complexes with multi year contracts. They provide landscaping and snow plowing services to these clients, along with fertilization and spraying which yields high margins. Residential customers primarily utilize their landscaping services, with the potential for expansion through additional lawn care offerings.
The owner is primarily absentee and has a tenured General Manager running the company, with assistance from an Assistant GM and 46 full-time employees. The owner expects that employees will stay on after the company is sold.
The large fleet of vehicles and equipment is housed in a 10,000SF building on a 3-acre lot with plenty of space for expansion. With the real estate available for sale, a strategic buyer could move their current operations to this location. The location has capacity to add up to 8 more crews and potentially $4M more in revenue. A secondary location south of Boston is leased and primarily serves residential clients.

* Serves primarily commercial clients (74%) with multi-year contracts in place
* Housed on three acres of real estate with room to grow
* FF&E valued at $2.4M with no long-term debt to be transferred


DETAILED INFORMATION
Location
Middlesex County, MA
Inventory
Not Included in asking price
Real Estate
Owned
Employees
46
Growth & Expansion
The company gets most of its business from referrals and word of mouth. A dedicated marketing and sales effort to commercial and residential customers would increase sales, and the location has capacity for up to 8 more crews. It is difficult to obtain permits for fertilizing and spraying, and since the company holds these permits and has licensed technicians, this revenue stream should be expanded. This is a cross sell to current customers and new customers should be targeted with this high profit margin offering.
Support & Training
The seller will provide training and support to ensure a smooth transition.
Reason for Selling
Personal reasons.
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Sarah
Grossman
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Sarah Grossman