Long Term Well Established Residential Irrigation UNDER CONTRACT

Jefferson County, CO

Seller Financing Available
Long Term Well Established Residential Irrigation UNDER CONTRACT
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Asking Price: $665,000

Cash Flow: $275,000

Gross Revenue: $1,050,000

EBITDA: N/A

FF&E: $228,800

Inventory: $25,000

Established: 1997

Long Term Well Established Residential Irrigation UNDER CONTRACT

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Business Description

Established Decades old Residential Lawn Irrigation Service and Repair Business

This is one of the oldest and most established lawn irrigation companies in Colorado! With a staff of around 16, including a dozen seasonal workers, the business services over 2,000 mostly residential customers in the Greater Denver Metro area with lawn irrigation services and repairs. The company concentrates on residential irrigation systems for repairs and moves or changes to existing systems. With a well trained staff who return year after year, many customers have remained loyal to this business for years! The business stocks materials and supplies early in the season and the techs can quickly draw from that inventory to preform needed repairs without having to go to a supply house between jobs. The owner primarily engages in admin activities like manage the staff, order material and supplies, scheduling oversight and occasionally goes out when the sales staff are super busy and will prepare bids for jobs. The business has an A+ rating with BBB and Angie's List! With a customer base of this size, over 7,000 in the last 10 years, think what a new owner could add onto this platform and grow the business in new directions! The business is well priced for what is being offered, with in place software and lots of historical information on customers

Detailed Information

Location:
Jefferson County, CO
Inventory:
Included in asking price
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Housed is 2 separate buildings, one for administration and the other as warehouse and holding parts and supplies. 16 vehicles, a dozen compressors, trailers, Sneakers, locators and other test equipment. And the typical office equipment. Specialized industry software is consistently used.
Competition:
Many lawn irrigation companies exist in this market, but being one of the oldest with very high name recognition plus a very positive reputation, this business gets the calls!
Growth & Expansion:
Growth could take place by developing new installation market with home builders or expand into the commercial irrigation market. Other ways to grow would be to add other home service related services where you use the same administrative staff and customer base to develop a new off season revenue stream. The current company philosophy does not feel that snow removal is a suitable addition to this business. By adding new customers within the current circle of service could increase efficiency of the tech staff with less "windshield" time. This business is very seasonal, with some winter months that the owner can take vacations without having to worry if a customers request was missed! What a deal?
Financing:
100000
Support & Training:
2 weeks
Reason for Selling:
Retirement
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(from currently available funds)
 
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Merle T Northrop

Business Listed By:
Merle T Northrop

Flatiron Ventures Inc

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Memberships & Certifications:
Indicates membership in The Colorado Association of Business Intermediaries (CABI).

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