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Established Seattle Area Landscape Maintenance Business For Sale

Shoreline, WA

Seller Financing Available

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Asking Price:$385,000
Gross Revenue:$480,000
Rent:$1,600/Month
FF&E:$70,000
Cash Flow:$80,000
Inventory:$5,000
EBITDA:$110,000
Established Year:2004
Listing ID: 2001405Listing provided by BizBuySell
BUSINESS DESCRIPTION

The present Member/ Manager with over 25 years in the Landscape and Services market believes it is time to sell the outstanding future potential of this company to a new owner. Beginning in 2004, the company has built a strong presence and reputation throughout the Greater Seattle and surrounding area.
The company focuses on recurring landscape maintenance contracts to guarantee a steady and predictable income flow. It is among our maintenance customers that the bulk of our installation work arises, but annual service contracts have also been generated from satisfied installation customers as well. The company has been dedicated to quality service and offers expertise in pruning, maintenance, installations (including hardscapes), design and irrigation repairs and installations. Licensed, bonded, and insured. The assets include all of the annual customer contracts for approximately $385,000.00 in landscape maintenance in guaranteed residual income, plus many add-on services, including but not limited to: aeration, irrigation, seasonal color, etc. within the contracted customer base (approximately an additional $100K annually). Maintenance customers are 60/40, 60% commercial and 40% long time residential accounts. The company's L&I Experience Factor is 0.76, which is excellent. As a member of The Master Builder's Association's GRIP Refund Program, the company has received an average of approximately $4,000.00 annually.
Two landscape dump trucks, three trailers, equipment, and other inventory including irrigation supplies. The manager of operations is willing to stay on to transition integration for up to three months if necessary.

DETAILED INFORMATION
Location
Shoreline, WA
Inventory
Included in asking price
Real Estate
Leased
Building SF
600
Lease Expiration
30/09/2024
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The company conducts business from a leased, single office/warehouse location in Shoreline, Washington. The facility consists of approximately 600 sq. ft. of office space and approximately 2,300 sq. ft. of parking/ yard space. The current lease runs until September 30th, 2024. The lease could either be renewed by a prospective buyer or abandoned should the buyer wish to consolidate operations at a separate location. The facility is very convenient to service points via I-5, Lake City Way, and 15th Avenue NE.
Competition
The current market area extends throughout King and Snohomish Counties in Western Washington and includes Seattle, Edmonds, Lynnwood, and Everett to the North and extends East to Kirkland, Bellevue, and Mercer Island. There are other companies operating in this market that qualify as competitors. There are many contractors providing landscape installation and maintenance services. Most smaller contractors, however, cannot offer their clients the same level of technical knowledge and responsive service that this subject company can.
Growth & Expansion
Annual sales volume currently hovers slightly under the $500,000 range. This has been a matter of ownership and management choice since this level of volume and profitability has been able to satisfy the owner’s objectives for personal income. Given the opportunities that exist in the market for landscape maintenance and because of the company’s existing reputation for quality and knowledgeable practice the company represents a very solid platform for growth with an aggressive and targeted marketing program.
Financing
The seller may be willing to provide seller financing with 50% deposit
Support & Training
Owner would agree to stay active in the business if desired by the buyer for a minimum 3-6 month transition period. This would be based on the assumption of 8-12 hours per week during the transition period.
Reason for Selling
It's time to sell the limitless potential of this company to the right buyer.
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Listed By: Not Disclosed