It has been a great 16 year run for the founder-owner-seller of this attractive service business, but the itch to try unrelated, new ventures is so strong, the seller has decided to transition his highly profitable company to new owners so he can pursue non-competitive opportunities full steam ahead. The seller’s wanderlust could be your opportunity.
This successful business generated nearly $470,000 of revenues for the 12 months ending 12/31/14. Sales came from tree trimming, cutting, and removal, with a specialization in large, high angle tree work. An EBITDA of $166,000 was recorded for the 12 month period, and this is after the owner’s $87,000 take. The result is an impressive annual SDE (seller’s discretionary earnings - cash flow available for an owner-operator to pay himself and service debt) of more than $250,000. The outstanding cash flow will permit the buyer to pay himself handsomely with the option of not being involved physically in operations.
The business operates from an inexpensive, leased 2400 sf suburban space which can be relocated to meet geographic preferences. During the past 3+ years the company has provided services to a customer base (exceeding 1300) comprised of residential customers, landscapers, homeowner associations, and the like.The company does little advertising because word of mouth referrals are so strong. The business does not even have a website. Growth opportunities include of course advertising, use of social media, and enhanced territorial coverage. In addition, the company is well positioned to expand into other related services for which current clients frequently ask.
The business is being offered for $379,000, a very attractive 1.5x SDE, and the sale includes equipment with a value in place of almost $225,000.
Asking Price $379,000
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