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Landscaping Maintenance Company with Income Producing Real Estate

Landscaping Maintenance Company with Income Producing Real Estate
Listing:
1658
SOLD!
Well Recognized and Reputable Service
Middlesex County, Massachusetts
Revenue:
$980,000
Cash Flow:
$285,000
Asking Price:
$495,000
Asking price details:
(includes vehicles & equipment to run the business valued at $142,000)
Business Description:

With more than 25 years in the business, this residential landscaping business has developed a stellar reputation for quality, professionalism, and reliability throughout the Boston Metrowest region. With an experienced and well-trained team of workers, the business provides landscaping maintenance as well as installation, masonry, hardscapes, and snow removal services for affluent households. Over 80% of the businesses revenues are from landscape maintenance.

This business has generated robust revenues over the years, mainly because of strong word-of-mouth recommendations from a loyal and satisfied base of customers. The company’s reputation among upper-income customers has helped the company remain resilient during the current COVID-19 driven economic slowdown.

The seller is offering a mixed used parcel of real estate for $750K with the business (in which the business is currently a tenant) and has a proven track record and currently flows $7300/month in rental income. Thus, for the right buyer and subject to financing, it is possible to get the real estate revenues to cover debt service from the entire bundle of the real estate and landscaping business.

The landscaping business can be sold separately but the real estate is not being offered separately.

Growth Expansion and Opportunities:

Marketing and sales will have a significant effect on future growth of this business. The business does not have a salesperson, a website and does not currently do any marketing except an annual direct mailer.

A buyer seeking to grow the business can explore numerous growth strategies, including expanding the company’s market area, taking on commercial and government clients, upselling new products and services, and increasing sales of installations and hardscapes. This landscaping company is a perfect opportunity for a buyer seeking to take on a strong performer in the landscaping business.

Support & Training:

The owner is retiring and will work with a buyer to enable him to take over the business.

Terms:
A qualified buyer should be able to obtain SBA financing with 10% down.
Broker:

Erin O’Leary

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