Contact: Tim Cunha At 650-600-3751 , 844-237-6487 - Also Email This Contact Below
Asking Price: $399,900 Down Payment: Call / Email
Annual SDC: $180,000
Annual Gross: $1,000,000+
Attributes: Broker-Broker Coop, Training & Support
Loyal customers over many decades
Sterling reputation & well-known respected name
Greatly-experienced, talented, and highly-efficient and cohesive crew
Current contracts and 'book of business'
$1,000,000 in annual sales
Close to $200k in seller's discretionary earnings
$300k+ of equipment and vehicles
This family-owned and operated landscape design and construction company was started in 1949 by the current owner's father, and the company has earned a sterling and consistent reputation for reliability, excellence, and quality.
The company manages complete landscape projects from design to permits to construction. They are known for all forms of hardscape swimming pools, decks, outdoor kitchens, arbors, concrete & masonry, retaining walls, etc. Landscape projects include low-volt lighting, irrigation, and all forms of planting.
The area served is the very exclusive and prosperous western hills of santa clara county in silicon valley, with residential owners being customers for decades, returning over and over with lucrative contracts. The company enjoys over one million dollars in annual sales with virtually no advertising everything comes from organic, word-of-mouth referrals.
The company has the trained, experienced management and personnel (9 employees, not including the owner) to execute all the required design, demolition, construction, and agricultural aspects of the most complex and demanding projects.
The business operates from a 4,000 sq. Ft. Warehouse, with favorable rental terms, that houses all the vehicles and tools that are required to operate. The landlord is open to negotiating a favorable long-term relationship with the buyer if wanted.
The company counts some of the most affluent and prestigious residents of silicon valley amongst its hundreds of satisfied customers, benefitting from the trust and confidence related the almost six decades of excellent service. These customers return year in and year out, decade after decade, from one generation to the next.
The business operates as a well-tuned team with employees who have worked together for years.
Financials: following are the profit & loss statements for 2017, 2018, and 2019. Seller estimates that the seller's discretionary earnings ('sde') are about $180,000+ for an owner-operator. Annual sales are typically in the $1 million range.
Buyers: this is a perfect acquisition for an existing lawn maintenance company, landscaping contractor, or construction contractor looking to add a very valuable demographic to its customer base. It is also perfect for the entrepreneur who wants to engage in hands-on management of a solid and successful business.
Furniture, fixtures, & equipment. ('ff&e') the assets include all the vehicles and equipment necessary to continue business operations. The seller estimates the cost to replace the ff&e with similar kind, condition, and age to be about $300,000. A complete ff&e list will be provided to a serious buyer upon discussion with the seller. The buyer may include or exclude any ff&e items, paying only the negotiated fair market value for the items wanted by the buyer.
Price & transaction.
The asking price is $399,000 (subject to negotiation and terms).
This business is priced to sell.
The asking price is calculated several ways:
-approx. 40% of annual gross sales
-approx. 3x SDE
-value of FF&E + 2/3 of SDE
The seller is open to discussing any other reasonable formula of valuation with a serious buyer.
This business is offered as a sale of all the tangible and intangible assets of the company including the equipment and vehicles, the highly valuable business name, websites, phone numbers, customer data, etc., except for accounts receivable, accounts payable, materials inventory, cash on hand, and corporate entity. (materials inventory is available on a cost basis at the buyer's option.) the current owner would be open to a substantial transition phase to facilitate a smooth transfer to new ownership.
Note: all data on this business are provided by the seller for information purposes only, and no representations are made by the broker as to accuracy. The broker has made no independent verification of the data contained herein. The broker represents the seller and does not represent the buyer. The buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the business.
To get more information about this Landscape Hardscape Design Construction Company business for sale in
Santa Clara County please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #233593 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Landscape Hardscape Design Construction Company, to ask any questions or request an appointment to see this
business for sale. Thank you.