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Visiting Angels Lindsay, CA

Landscape Business - Commercial and Residential

Harbor City, CA

Price: $3,950,000

Cash Flow: $959,643

Total Sales: $6,591,589

EBITDA: N/A

FFE: N/A

Inventory: N/A

Year Established: 1982

DESCRIPTION:

The Business is a family-owned and operated business that has been providing quality landscape services for both residential and commercial properties since 1982. Widely recognized as a market leader in the landscape business throughout Southern California, the Company has thrived since its inception and cultivated a company culture where exceeding customer service expectations with every interaction is paramount.

The Business has received many accolades and recognitions.  The Company has received numerous awards for their beautiful landscape maintenance and installation, most notably the company received two 1st Place awards in the California Landscape Contractors Association’s annual beautification awards for projects in Los Angeles County.

The Business has a forty-year legacy of providing expert landscaping services to commercial and residential clients throughout South Bay area and greater Los Angeles County. Its knowledgeable team combines art and science to create landscapes of lasting beauty and value. The Company offers complete spectrum of services for both residential and commercial properties, including maintenance, tree trimming, irrigation, landscape design, and construction.

The Business owns considerable inventory of equipment it uses to complete clients’ landscape construction projects which allows the company to expertly service the demands of large commercial clients as well as affluent residential clientele.

The Company has generated a steady stream of revenue over the past 3 years in the $6 Million dollar range with seller discretionary earnings steady between $850,000 to $950,000 over the same period.  In 2021 it generated approximately $6,591,589 of Sales Revenue with $959,643 in Seller’s Discretionary Cashflow.  76% of the revenue is commercial maintenance business (Includes HOA) and 24% of the revenue is residential maintenance business.  It has a strong staff to help new owner manage and grow the business.

The Company’s growth shows no signs of slowing, so owning this business could be the perfect solution to achieving your financial goals and also assist in the growth along with the expansion of the business.

The Business is based in Harbor City located in a busy intersection and a highly desirable location close to the Silicon Beach commercial office buildings, affluent residential HOA communities and affluent residential non-HOA communities in the South Bay.

The Company continues to thrive with great potential to increase revenues relying on a turnkey operation along with tenured staff serving its existing customer base.  Additional income stream available by adding additional salespeople and expanding the footprint.  The Business is well established in the commercial and residential community with a stellar reputation.  

The Landscaping Services industry alters, maintains, or enhances the visible components of land and property.  Demand for industry services is dependent on the health of the housing and property markets, both of which have grown steadily over the five years to 2021. Additionally, since landscaping services are often discretionary, industry demand is dependent on levels of per capita disposable income and, thus, the high-income demographic, which generates a healthy portion of its revenue. The industry also relies on demand from institutional and commercial clients, which generally lead to higher per-service revenue.

Steady growth in the domestic housing market has underpinned the industry's growth over the five years to 2021. Residential markets are expected to account for 42.7% of industry revenue. IBISWorld estimates the value of residential construction to increase during the current five-year period and confidence in the housing market remains strong. A healthier housing market has encouraged current homeowners to invest in their properties to increase their value amid growing disposable income. Demand from commercial clients and government markets, which account for an estimated 47.6% and 6.3% of revenue respectively, has endured more volatility in recent years. The global outbreak of the COVID-19 (coronavirus) pandemic has disrupted operations, as states across the country ordered nonessential businesses to close and many office workers have worked from home since 2020, reducing the need for commercial landscaping services. As a result, industry revenue decline 0.8% in 2020. On aggregate, industry revenue is still projected to rise during the period, aided by strong government stimulus, with revenue growing an annualized 5.1% to $114.6 billion over the five years to 2021. As the coronavirus pandemic subsides and economic activity continues to rise in 2021, industry revenue is expected to increase 5.3% in 2021.

After a brief dip, the industry is expected to continue growing over the five years to 2026 as residential and nonresidential construction grow steadily. Favorable economic conditions will benefit the industry, such as rising per capita disposable income that will boost households' ability to purchase industry services. Nonresidential construction activity, which declined overall between 2016 and 2021, is expected to recover and climb steadily, making this market a point of emphasis for growth over the five years 2026. During the period, industry revenue is anticipated to grow at an annualized rate of 2.4% to $129.2 billion. Profitability, which declined to 5.4% in 2020 but recovered in 2021, is expected to following suit. By 2026, average industry profit, measured as earnings before interest and taxes, is expected reach more 9.0% of industry revenue.

Even though the landscape industry faced a contraction due to COVID-19 in 2020, The Business continued to thrive during the COVID-19 pandemic and grew steadily as it was considered an essential business as folks worked from home.  Furthermore, The Business maintained strong profit margins these past three years.

LISTING DETAILS:
Total Sales: $6,591,589
Cash Flow: $959,643
FFE Included: Yes
Reason For Sale:

Pursue other personal and business interest

Training & Support:

Owners will assist in the transition.

OPERATION:
Year Established: 1982
Employees: 65 - 70 full time uniformed employees
LOCATION:
Facilities Information:

The Company operates out of 2 warehouse facilities, each over 8,000 sq. ft., on a lot that is approximately 34,000 sq. ft. The size of the administrative office is approximately 2,500 sq. ft. – Long-term lease available.

SUMMARY:
Competition:

Company is well positioned

Potential Growth:

Excellent potential

For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Edward Saldana

Phone: 310-500-7078
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