Ad ID: 56494

Grounds Maintenance Business for Sale Christchurch

Grounds Maintenance -Excellent Clients -  Stable Staff -  Established and Profitable - Trading Strongly

Business Description

Grounds Maintenance Business for Sale Christchurch

Generating sales over $800k + GST pa this service business produces consistent profits year in-year out, with 20-25% of sales falling to the bottom line for a working owner. The established staff add value by way of their qualifications, experience and labour. The working owner is “on the tools” about 40% of the time (mostly ride-on mowing), has no specific qualifications and runs the business, oversees logistics and liaises with  clients & prospects. YTD October sales are tracking nearly 14% ahead of previous year.

Assets

There is $473k of assets and $7k of stock, with the balance of the purchase price being intangibles of only $115,000. The Plant & Equipment is a mix of tractors; trucks; vans; utes; trailers; mowers; specialised attachments and a variety of hand tools and machinery. The assets are well maintained by both in-house & external resource as required.

Customers
Satisfied clients include a mix of health & education clients; schools; sports clubs (golf, cricket, bowls, croquet); and a selection of commercial and private clients. Due to “mother nature” the services are always in demand, and this provider is very well regarded by its clients.

Business Resources

No specialist skills are required as those staff with technical expertise have a long history with the business, whilst other staff add value simply through “on the job” experience. The buyer will have some empathy for people, managing a team of 7-8 staff and a client base of approximately 100 customers. This is a successful business, operating from an established site with modest overheads.

 

A bank is likely to lend up to 60% against the P&E (say $270 - $280k) with the balance of the purchase price being a mix of cash & asset-secured debt funding. A prudent purchaser may want to allow up to another $50k for initial working capital.

The Vendor is relocating and would prefer to sell, than appoint a manager!!

 

Sale Price: 

$595,000 (incl. $473k P&E)

Net Surplus: 

$181,386k EBPITD

Contact:

 

Interested In This Opportunity?

 

Sign up for the Latest Businesses For Sale

BUSINESS FOR SALE BULLETINS
quickly get the newest business opportunities.

SELECT BULLETIN(S):
  •