Listing Number: 87453-770159
Description
This One Owner Home Landscape Lighting & Irrigation company was established 29 years ago and has earned a respected reputation as an industry leader by being a part of the Midlands of S.C. market since the early 90’s. The company is both B2B and B2C providing multiple revenue streams. They specialize in Commercial & Residential Irrigation, Landscape & Home Emphasis Lighting Plans, Construction of Retaining Walls, Design & Installation of French Drains and Pond Installation. The company places a huge emphasis on the design stage, the use of only quality products and fast, reliable turn-around times on their projects, which has led them to be known for their ability to successfully complete many premier projects around the entire Midlands area. Their work can be seen at many well-known commercial sites, car dealerships, schools, ball fields & much more.
The business operates out of a home office and a leased facility with fencing for truck parking & getting the crews ready to go each day. The buyer has the unique option to relocate the business to a location of their choice.
The industry as a whole is a competitive marketplace and the business-friendly Midlands of S.C. is no different. Columbia continues to see strong growth and is known as one of the up and coming hot-spots in the southeast. The company continues to grow sales and earnings by delivering quality products coupled with unparalleled customer service and developing long-lasting client/customer relationships that often lacks within their industry, naturally providing an advantageous competitive edge over much of the their competition.
The business has been approved and is prequalified for the SBA 7(a) Business Loan program, which has huge significance for any buyer. A buyer can be confident upfront that with this distinction, the company has been historically successful, profitable & is lender qualified with SBA backing. The cash injection requirement for the buyer’s down payment is as low as 10%, opening the door for many more people who have the spirit of entrepreneurship, but need lender support.
SUMMARY
SBA 7(a) Qualified Business – It is not often that a business comes on the market that checks so many boxes for a buyer like this opportunity does:
• SDE/OWNER BENEFIT: 3-Yr (EBITDA, Officer Compensation & Officer Insurance) - $346,783
• SDE/OWNER BENEFIT: 3-Yr (EBITDA, Officer Compensation, Officer Insurance & All Add-Backs) - $354,933
• BUSINESS NOT IMPACTED BY COVID: 2020 was a strong year in sales and profits for the company.
• LONG ESTABLISHED BUSINESS: The business has been in operation for 29 years – almost 3 decades.
• SIGNIFICANT NAME RECOGNITION: The business carries significant name recognition.
• LOCATION: Located in Richland County with a strong mix of customers all over the midlands of S.C.
• HIGH PROFIT MARGINS: Product mix provides high profit margins.
• WELL-KEPT FINANCIALS & TAX RETURNS: Provides for easy Due Diligence verification.
• TRAINING: The new owner/s will receive up to (4) weeks of comprehensive training.
• GROWTH: The seller has managed the company conservatively, providing huge growth opportunity for the future.
If you are a first time entrepreneur or you want to grow your existing company with a strategic acquisition that is proven, this provides a special opportunity.
Listing Details
- Price: $ 1,150,000
- Down Payment: $115,000
- Sellers Discretionary Earnings: $ 368,919
- Total Sales: $ 711,772
- Location: Richland County, South Carolina
- Inventory: $ 5,000
- FF&E: $ 135,000
- Employees: 4
- Year Established: 1990
- Reason for Selling: Other Business Interests
- Category: Lawn/Landscaping
