Absentee Landscaping Company With Recurring Contracts

HS Listing ID-72203 Asking: $1,100,000 Seller Financing: The seller is open to a 50% down payment at an interest rate of 4.3% over 5 years. Business Summary: This is a landscaping company in the Cuyahoga County, Ohio region. This company has been in business since 1973 and was passed down from father to son during his retirement in 2008. The company has employees in place for all areas of the business, fulfilling much of the day-to-day operations. Services Offered The company offers a variety of services, but most revenue comes from the following service lines. This includes snow removal contracts, maintenance contracts, fertilizer & irrigation, and installation, pavers, and other miscellaneous installs. Their core service areas include: Snow Removal Contracts – 43% Maintenance Contracts – 31% Fertilizer and Irrigation – 13.5% Installations, Pavers, Miscellaneous work – 12.5% Business Overview Established in 1973 Currently 300+ active customers The company has a variety of service lines for revenue streams. Clients have a long-standing tenure, averaging 18 years of business. 60% of revenue comes from maintenance and snow removal contracts. These contracts have 3 years remaining. Workforce: 14 total hourly employees and 4 managers The company supplies health insurance for the employees. Ownership & Operations The owner currently handles training for new employees, completing job estimates, and maintaining client relationships. The owner will stay on and help the new owner grow the business for 5 years while repayment is made for the seller financing terms. This keeps the seller fully engaged with the business. Some marketing but room to grow and scale the current business. The owner owns the two-acre property and will give the new buyer the right of first refusal to purchase the property when it is time to sell. Current rental rate is $3,200/month Licensing & Certifications Agricultural and Fertilization License Workers' Compensation and General Liability Insurance A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION