Large Client Base and Diversified Services at Central Iowa Irrigation Company
Central, Iowa
Asking Price: |
Gross: |
Cash Flow: |
$489,000 |
$675,325 |
$139,952 |
Furniture and Fixtures Value:
$254,000 (included in the asking price)
Business Summary:
This Iowa-based Irrigation Company boasts over 900 clients operating out of Des Moines. Services include irrigation systems installation and maintenance, backflow testing, and winterization. Five irrigation/service techs provide estimates and perform field work and installation. With a loyal client base, the next owner will benefit from a trusted reputation, an experienced team, simple growth opportunities through online marketing, and $254k in assets. Most residential installations take less than a day to complete, with commercial projects lasting around 2-7 days. As the techs are staff are greatly experienced (with two licensed for backflow testing), they can respond to 8-10 service calls per day, working in pairs. Ready and able to expand, many of the company’s clients have inquired about additional services that may be offered. These growth opportunities include a lawn care division, as well as providing landscaping services for their great number of clients. A website and Facebook are currently utilized, but as flow of business is generated through word-of-mouth, the strengthening of the online presence holds great potential (especially in conjunction with an expansion of services). Both owners provide general oversight for operations (splitting between office work and service/installation tasks). They are looking to pursue new non-competing ventures and are open to a sale of the client list to someone already in the industry.Priced at $489,000, a 10% down payment returns $70,422 in the first year after debt payments, making this an investment that you won’t want to miss out on!
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Year
Business was Established: 2011 |
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Number of Employees:
8FT |
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Facilities / Terms of Lease:
3,000 sq ft. for $2,850/month |
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Potential
Growth/Expansion:
Expand general services to lawn care and landscaping | Strengthen online marketing presence |
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Owner
willing to finance:
10% Seller Financing or Equity $48,900 |
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Owner
willing to train:
6 months - 1 year |
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Reason for selling:
New non-competing ventures |
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REQUEST MORE INFO |
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