$1M+ EBITDA 33-Year-Old Long Beach Residential/Commercial Landscaping

For sale is a 33-year-old SBA-qualified Southern California residential and commercial landscape installation and maintenance business. They have worked with notable companies such as USC, Dreamworks and the Four Seasons and have also completed projects for military bases and the cities of Long Beach and Anaheim. They have annual contractual recurring income of $1.2M and no clients represent more than 20% of revenue. They serve the So Cal metro market and take care of tree and outdoor pest control, insurance scoping, and catastrophic remediation. The business revenue is 60% residential and 40% commercial; 35% of revenue is maintenance and 65% is new installations. There are 43 W2 employees and an emission-compliant equipment fleet. They have leased office space and two 4-acre parcels that house multiple greenhouses, shade houses, shop and mixing stations (with plenty of room to grow inventory). The seller seeks a hands-on Owner/Operator with a 3 to 6 month training/transition. Alternatively, the supervisor of the crews has been with the company for almost 30 years and is a key employee for any incoming owner. The seller currently holds a B1 General Contractor license, a C27 Landscape Contractor license and a Certified Arborist license and a Qualified Pesticide Applicator License with Category B,C & F. A new owner would need to be licensed but the contractor and applicator licenses are fairly easy to obtain (and the seller is willing to lend his license to the business for a set period of time). Location: Los Angeles County, California Year Established: 1989 Number of Employees: 43 Facilities: 8 acres with greenhouses and mixing stations Market Outlook/ Competition: Good mix of residential and commercial clientele Growth & Expansion: Grow geographic reach; expand services