Total of 18696 firms and businesses for sale today Saturday 15th May 2021
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Finance And Services:

Business For Sale. Grounds Maintenance Business

LISTING DETAILS
Firms For Sale ID:
35143
Vendor reference:
EB068
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,450,000  
Turnover / revenue:
£1,080,000
Net profit / cashflow:
Undisclosed
Years established:
35
Number of employees:
20
Employees / staffing:
3 x directors 2 Admin 13 Operational staff 2 seasonal labours.

OTHER DETAILS
Reason for selling:
To pursue other interests.
Support and training:
The owners would be happy to stay and provide training for an agreed handover period.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Location: South West
Turnover: £1.08m
Gross Profit: £606,699
Profit: c£320,000 after all costs
Net Assets: Circa. £382,000
Asking price includes:-
Gross Turnover circa £1.08M.
Gross Profit circa £607k
Profits after management costs of £320,000
Net Assets circa £382,000
Secure contracts.
Significant Goodwill.

Introduction:
Turner Butler has been appointed to invite offers of purchase for 100% of the issued capital of this leading South West based grounds maintenance business which services predominantly commercial clients.
Business Profile:
Well-established business (35 years+) covering all aspects of tree surgery work. The company currently offers services in:
• Landscaping
• Garden maintenance
• Tree Pruning & Limb Removal
• Tree Felling and Dangerous Tree Removal
• Hedge Maintenance
• Stump Removal
• Timber Extraction & Tree Clearance
• Tree Surveys and Reports
• Stump grinding
• Hedge cutting
• Plant Hire

Equipment:
Large selection of modern vehicles and machinery. Carrying value £223k.

Key strengths:

Secure long-term contracts.
Highly qualified/dedicated staff
Exceptionally good reputation
Excellent second tier management team capable of running the business
Well-structured administration and Management Systems in place
Scope for expansion

Key Opportunities:
Opportunity for continued expansion in the following areas:

• Property maintenance
• Firewood sales.
• Woodchip sales.
• Tree Planting.
• Recycled timber products.
• Expand domestic and commercial works.
• Forestry

Financial performance:
The 2019-20 Turnover was £1,086,769 producing a Gross Profit of £606,699 and a profit of £319,406 and after imputing a £15,000 rent on the freehold premises (which will be removed from the company prior to completion and leased back on normal commercial terms) and replacement salaries for the two directors.
Advertising and Marketing:
Due to workload there is currently no requirement to advertise.
All business comes from word of mouth.
Company website, social media

Premises:
Enclosed compound in convenient to main roads network.
Area of hardstanding for storage of by-products
Admin building with reception, offices, meeting room, staff toilets + kitchen, garage and maintenance buildings.
Alarm & CCTV
The freehold will be removed from the company prior to completion, and leased back on normal commercial terms at a starting rent of £15,000 pa plus rates.

Employees:

3 x directors
2 Admin
13 Operational staff
2 seasonal labours.

Support and Training:
The owners would be happy to stay and provide training for an agreed handover period.

Reason for Sale:
To pursue other interests.
Asking Price:
The Asking Price of £1.45m is for 100% of the issued capital of the company, assuming Net Assets of £382,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £382,000 at completion.