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EXECUTIVE SUMMARY
PBG Reference No.: S576

Underground Sprinkler and Landscape Lighting

We are pleased to present this business opportunity for your review. Premier Business Group, Ltd. is one of the leading business brokerage firms in the Midwest. We specialize in representing manufacturing, distribution and service companies in the divestiture process. The Seller pays our fees; there is no monetary obligation to prospective purchasers. Premiers' expertise includes assisting in structuring the transaction and financing. We encourage you to make an appointment with the broker listed on this offering to discuss your needs, to obtain further information regarding the company you are inquiring about, and to receive information on other companies that may be of interest.

This well established company sells, installs, and maintains, landscape lighting, and underground sprinkler and irrigation systems, to both the residential and commercial customer. The company has installed over 5.000 systems in Illinois, Wisconsin, and Indiana. The company is certified with the Illinois Department of Public Health., and is a member of the Illinois Irrigation Contractors Association. In 2005 they introduced an automatic fertilization system with sensational results. This system eliminates the need for hand fertilizing, as well as reducing expenses for those that contract with landscaping services for upkeep of their lawns. In addition they provide snow plowing on an 'as needed" basis. The company utilizes the latest technology and supplies the highest quality of products including: sprinkler systems, low voltage landscape lighting, fountains & aerators injector systems.

In addition to the sales and installation, the company maintains, and inspects the systems on a yearly basis. Their superior service contract provides a turn on inspection in the spring and well as a shut down service in the fall. An optional mid year inspection is also available. These inspections assure that all of the equipment is running properly.

This company was started by the current owner in 1986 and has established a solid reputation and name recognition within the industry. They boast a proven track record of one day installations, on most jobs. The company has a well trained staff and operates in a clean, modern facility. Their web site is interactive, user friendly, and accepts payments for services. They provide all training on site for the technicians.

This opportunity will make an excellent acquisition for both the strategic buyer as well as other entrepreneurs. Sales revenue has been increasing yearly and the growth potential of this business is exceptional.

FINANCIAL HIGHLIGHTS

  2007 2006 2005
SALES $2,534,343 $3,261,005 $3,398,803
EBITDAS*
(Adjusted Net)
$   478,279 $   561,842 $   689,623

*Earnings before interest, taxes, depreciation and owners salary.

DEAL STRUCTURE

Purchase Price -- "Open to Offer."

Real Estate -- Income producing property "optional."

Accounts Receivable $175.000
Inventory $  10,000
Fixed Assets $750,000

Net Working Capital

  1. Included in the purchase price will be the net working capital. (Net Working Capital will be defined as Accounts Receivables, and inventory.
  2. All furniture, fixtures and equipment, computer hardware, software and supplies will be included in the sale. The seller's personal items and vehicles will be excluded. The assets of the business are to be sold free and clear of all claims, debits, liens, or other liabilities, with the buyer receiving a good and marketable title.

At the closing should the net working capital differ from the agreed upon amount, there will be a corresponding adjustment in the purchase price.

INFORMATION SUMMARY

  • Location: Chicago Metropolitan Area
  • Established 1988
  • Facilities 20,000 Sq.Ft. Free Standing Building. Company uses 10,000 Sq.Ft. two tenants occupy the remaining space
  • Property 3 Acres
  • Employees 1 owner 18 Full Time / 30 Part time
  • Hours of operation Monday-Friday 8:00 AM-5:00PM, Sat-8:00AM-1:00PM Summer only
  • Training As needed for a smooth transaction
  • Ownership S corp.
  • Reason for Sale Retirement, Travel, Other investments

MARKETING AGENT

Premier Business Group, Ltd.
1130 Lake Cook Road, Suite 210,
Buffalo Grove, IL 60089
847/465-9000

This information is provided for discussion purposes only. No representation is made by Broker as to the accuracy of the information provided or any other information supplied. Broker encourages the Prospect to thoroughly review and independently verify to his own satisfaction that the information provided is substantially representative of the business activity.

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Premier Business Group represents manufacturing, distribution, and service companies with annual revenues in the $1-30 million range whose businesses are for sale.

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