Last Revised: 9/5/19. Posting #: 233593
Key Words: landscape, hardscape, contractor, construction, masonry, silicon valley, santa clara
Financial Info: Price: $399,900. Down: Call. Adjusted Net: $150,000. Annual Revenues: $1,100,000. Sales for 2019 are already trending significantly higher than 2018, indicating SDE in 2019 much larger than 2018. This business is priced to sell and most likely would qualify for SBA financing.
Profile: This thriving and profitable family-owned and operated landscape design and construction company was started 70 years ago, and the company has earned a sterling and consistent reputation for reliability, excellence, and quality.
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 business operates as a well-tuned team who have worked together for years, with trained, experienced management and personnel (13 employees) to execute all the required design, demolition, construction, and agricultural aspects of the most complex and demanding projects.
Furthermore, the seller would be open to staying involved indefinitely in a design and planning, and general consulting role, at the option of the buyer.
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.
Annual sales are about $1,000,000. Seller estimates that the Seller's Discretionary Earnings ('SDE') are approximately $140,000 to $150,000 for 2018. Sales for 2019 are already trending significantly higher than 2018, indicating SDE in 2019 much larger than 2018. A serious buyer may discuss these particulars directly with the seller.
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 and a very experienced team to its crew. 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.
Price & Transaction. The price is $399,900. This business is priced to sell and most likely would qualify for SBA financing. The business is offered as a sale of all the assets of the company including the highly-valuable business name, websites, phone numbers, customer data, etc., except for accounts receivable, accounts payable, cash on hand, and corporate entity. Materials inventory is available in addition at cost. 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.
Broker License # BRE LIC # 01919755
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: Steve brings to his clients a wide-ranging business background with a focus on providing the highest level of customer satisfaction. Steve’s experience includes work in mergers and acquisitions, as well as small business brokerage, finance, business development and sales and account management.
Key Words: steve zimmerman, transworld, transworld business advisors, business broker, roofing, contractor, tour, restaurant, fitness, logistics, warren, morris, bergen, union, hudson, middlesex
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Profile: My mission is to conduct a thorough, well-planned, and well-executed transaction for both the seller and buyer, offering a confidential, professional approach to my clients and taking an M&A approach to main street transactions to ensure the optimal selling price and shortest time on the market.
Key Words: daniel herring, emerald coast business intermediaries, business broker, business valuation, valuation, consultant, due diligence, due diligence services, auto repair, construction, restaurant, airport shuttle, shuttle, okaloosa
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: The unfortunate side of buying and selling small businesses is that the majority of all transactions fall through, including over half of all deals that go into escrow. Jordan Green discusses the most common reasons that transactions fall out of escrow in this BizBenNetwork blog.
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Profile: When selling your business, asking the right questions and gathering the proper information up front will allow you to carefully vet and qualify potential buyers while helping you understand their intention to buy your business, saving time and keeping your business's information confidential.
Key Words: peter siegel, non-disclosure agreement, NDA, qualified buyer, qualified buyers, business purchase financing, financing, cash, SBA loan, SBA financing, preparing business for sale, equipment, lease, seller financing, assets, collateral
Profile: To prepare your business for sale, business owner sellers need to think like a buyer to reduce risks. John Byrne, CPA, Valuation Expert, and Due Diligence Advisor, shares three factors business owners need to address in order to maximize their business’s value at exit.
Key Words: valuation, business valuation, valuing a business, valuing your business, sell a business, selling a business, sell your business, sellers, john byrne
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