Large and very profitable Irrigation company. VERY motivated Seller!!!
Location: Maine > Cumberland County > Southern Maine
Industry: Home and Garden > Other Home and Garden
Financials
Asking Price: $1,250,000
Gross Revenue: $1,400,000
Gross Revenue Comments: Preliminary
Cash Flow: $436,000
Cash Flow Comments: Preliminary
Inventory: $85,000 (Included in Asking Price)
FF&E: $308,000 (Included in Asking Price)
Seller Financing: The owner is willing to be creative with financing for the right buyer.
Business Summary
This is one of the largest and most successful irrigation companies locally. With systems installed for both residential and commercial applications, the company is very well known in the area and the business is continuing to grow and become more profitable. In addition, the company currently has an agreement with another irrigation company in another market who pays this business a royalty so that he can market himself with this company's name - a testament to the value of this business and it's reputation. Currently running very profitably and could either have active management by the new owner, or hold it as an investment and let current management continue to bring in the profits.
About the Business
Year Established: 1994
Employees: 20 full time -
Facilities: This business comes with all the equipment needed to run a successful residential and commercial irrigation business. There are multiple trucks, vans, utility service trucks, a backhoe, 5 Ditch Witches, etc, etc. The equipment is all very current and excellently maintained in a state of the art facility with ample space for growth.
Market Outlook and Competition: While there are other companies in this business in the southern Maine and New Hampshire markets, this company is the leader among those service providers and has the best reputation in town. As such, they have the corner on the commercial market, which is where the growth is for this industry. There are many areas of growth potential given the current market for this product/service. The current owner does no advertising so even moderate spending here could see dramatic results. Additionally, there are many system enhancements and "add-ons" that the new owners could fold into their product offering to further drive business growth.
About the Sale
Management Training and Support: The Seller would be willing to stay on to provide training to the buyer. He can be flexible about this and will negotiate accordingly with the buyer.
Reason For Selling: The seller has many commercial properties and would like to focus on those.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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