Description:

The company has two divisions in which it does business. The company specializes in landscaping, installation, maintenance, design, hardscape, and snow & ice removal services.

Key Aspects:

Revenue grew at a compound annual growth rate of 43.1% from 2020 through the trailing twelve months (TTM) ending March 31, 2023, excluding a PPP loan recorded as revenue in 2020
The company had an average gross profit (GP) and adjusted EBITDA margin of 46.2% and 14.9% respectively, from 2020 through 2022, excluding a PPP loan
Management notes that the company’s landscape recurring maintenance and commercial snow & ice removal contracts account for 47% of total revenue
According to management, as of June 2023, there is approximately $2.7M in residential installation backlog and approximately $1.1M in commercial installation backlog

Opportunities:

Expand commercial maintenance and commercial snow & ice removal services into the city of Buffalo, which is one hour to the west of the current market to grow revenue
Extend commercial maintenance and commercial snow & ice removal services into the city of Syracuse, which is one hour to the east of the current market to gain market share
Grow commercial installation services to increase revenue

Headquartered:

Northeast, US

Current Markets:

The company serves residential and commercial customers throughout the Northeast, US.

Real Estate:

The company operates from a 10,000 sq. ft. facility and a 4,000 sq. ft. satellite office and shop yard. Each location is leased from an affiliated entity, and there is room to grow in the current locations. The real estate is not included in the sale but may be leased long-term.

Shareholder Ownership:

The company is fully owned by a single shareholder who would like to pursue retirement. The owner is willing to remain with the company for a predetermined period to facilitate a smooth transition to new ownership.

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Residential and Commercial Landscape Provider – BN000037938

Residential and Commercial Landscape Provider – BN000037938

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