The Seller purchased this business from Del Lingco in 1984. He now wants to retire after over 34 years. This business is 99% commercial. However, approximately 80% of sales is from Developers and Home Builders. Approximately 50% of the business is irrigation (sprinklers). Most work is construction related. Very little maintenance (10%) for example, a developer will contract with this company to install the grass, trees, color (flowers) and sprinklers, the job may last from 9 months to 1 year. No sales people and no advertising. All work comes to this company from repeat customers or referrals. The Buyer will get all the assets free and clear including the 6 or 7 trucks & trailers. Currently, the Seller leases the trucks & trailers from his wife at over $47k per year. This liability will be paid off at closing. The Seller states the actual expense is around $25k per year. No adjustment is done because it is not verified. There are 2 separate entities (corporations) operating as one DBA. The Buyer will buy the assets of both entities.
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The information contained herein has been obtained from the Seller and other sources deemed to be reliable. No representation is made by Del Lingco International regarding the accuracy or completeness of this data.