Description
This is an excellent opportunity to own a long-established landscaping and snow removal company. The services offered by the company are lawn cutting, lawn fertilizing, gardening, yard clean-up, trimming shrubs, landscape planting, snow removal, and salting. They service around 150 customers a year and 85% of them are long-term commercial contracts and the remaining are one-time customers. The long-term commercial customers are contractual and renewed annually. The current owner will assist in transitioning all the customer relationships. The business has an excellent reputation among management companies which generates a lot of referrals for the business. 80% of the current customers are located in Detroit and are mostly big box stores and large commercial accounts and the remaining 20% of the customers are located in the surrounding suburbs. The owner does not do any marketing and most of his business are generated through word-of-mouth. The sale includes all the equipment necessary to continue operations. The owner runs the business with 5 full-time and 3 part-time employees. The reason for sale is retirement. There is tremendous room for growth for a motivated owner-operator.
Get More InfoBusiness Overview
Revenue | $546,108 |
Cash Flow | $170,907 |
Inventory | $5,000 +/- |
Year Established | 1989 |
Seller Financing | Yes |
Employees | 5FT 3PT |
Asking Price | $475,000 |
Key Statistics
- Hours of Operation: As Needed
- Employees: 5 Full Time 3 Part Time
- Year Established: 1989
- Year Acquired: 1989
- Liscence Required: MDOT
- Seats: N/A
- Parking: Ample
Financial Information
- Gross Sales: $546,108
- Source: Seller Provided Financials
- Cash Flow: $170,907
- Source: Seller Provided Financials
- Inventory Value: $5
Seller Financing
- Business Price: $475,000
- Down Payment: $300,000
- Monthly Payment: $3,383
- Interest Rate: 6%
- Amortization Period: 60
Location
- Monthly Rent: $3,000
- Lease Terms: Gross Lease
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Disclaimer
This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.