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Fri, Apr 16 2021 03:20:48 PM  |  /

Grounds Maintenance Business

Business Id:000487     |    Reference: EB068
Price:
£1,450,000.00
Business Description

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    

Finacncial 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.   

 
Business Information
Turnover: £1,080,000.00 Annually
Profit: £382,000.00 Annually
Is this business relocatable: No
Business Sector: Tree Surgeons
Statistic Information
Total Views:
Impressions:
Total Enquiries:
Last Viewed:
Last Updated:
Last Enquiry Made:
Business Profile
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 • Grounds maintenance • Firewood sales. • Woodchip sales. • Tree Planting. • Recycled timber products. • Expand domestic and commercial works. • Forestry
Financial performance: na
Asking Price: £1.45M
Advertising and Marketing: na
Growth and Expansion: na
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.
Business Hours: na
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.

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