Abilene TX Tree Removal Dumpster Rental and Crane Service 20513

The Company is a 34 year old well-established complete tree service business offering multiple services including tree trimming, tree removals, stump grinding, and land clearing, to a primary market inside a 30 mile radius of Abilene, Texas and also to residential and commercial properties through a 200 mile service radius. The business also operates two adjunct businesses that support the tree service and also generate their own income. These services include crane service and roll-off dumpster rentals. 3-year historical Sales were approximately Tree service ~80%, Dumpster Service ~15% and Crane Service 5%. The business markets to residential, commercial, rural and agricultural property owners as well as government entities.

The business has developed an excellent reputation for professional, prompt service at honest and fair prices. Business began as a one-man owner-operation and has since grown from 2 to 24 fulltime employees with multiple crews, estimators and management. An experienced Operations Manager coordinates the crews on a day to day basis including scheduling and coordinating equipment to ensure the job can be done effectively and safely. The General Manager handles back office needs including employee timekeeping, payroll processing, accounts payable and accounts receivables. The GM is customer-facing including monitoring emails, responding to inquiries plus managing dumpster and crane bookings.

The business has well-defined operating procedures and an excellent safety record. Employees are well-experienced with long tenures in the industry. The owner has invested in new equipment and has increased both the company's capacity and capability. Productivity has significantly improved, as well. The business does not require a retail location and can be easily operated from a mobile phone. The business model is very successful and a new owner should consider expansion into major metro areas including Dallas - Fort Worth, Austin, San Antonio, Houston and Oklahoma by adding new crews plus equipment/materials staging yards.

The owner works full-time in the business including pricing jobs in/out of town and assisting with tree jobs from time to time. The owner is knowledgeable on the ins and out of tree trimming and removals plus crane operation/application to specific situations.

The owner feels that a major advantage over competitors is the experience, professionalism and seniority of their loyal, dedicated employees. The crews are professional and are a major asset to the company. Customers are happy with the service and committed to using the company.

The company receives repeat business and referrals from an estimated 500+ realtors, insurance, and construction professionals, plus a ~20,000+ estimated installed base of customers (~20,000+ tree services and ~500+ dumpster rentals, ~200+ crane services). Leads are generated from vehicle signage, homeowner associations, neighborhood associations, realtors, insurance agents and the company website. However, the business pays for very little advertising in its primary market (30 mile radius of Abilene). The owner estimates that the business is operating at 30-40% capacity and feels that the business could grow MUCH faster by adding salespersons and scaling into other geographical markets, focusing on tree trimming and removal services plus crane rental services.

Facilities: The business operates from 3 owned-yards used for equipment, storage, and tree staging plus office and mechanics shop. The owner will lease these to a qualified buyer for $4,200/month as a long-term lease plus renewal options.

Competition: The business attracts customers from the Texas Panhandle and, occasionally, from Dallas Fort Worth. The owner feels that the industry is very competitive. Most companies have 1 crew (2 to 4 employees) and may offer both residential and commercial tree trimming and removal services. Despite the presence of competitors, the business has continued to thrive and can further grow with marketing and expanding to adjacent markets.

Growth & Expansion: The business uses multiple lead tactics including: 1) Customer Reviews, 2) Repeat and referral business from existing customers, 3) Website, 4) truck signage, 5) referrals from realtors and builders, 6) bidding on state, city, school and utility contracts, 7) Google ad words (primarily in secondary markets).

A new, energetic owner can further increase sales & profits in many ways: 1) Continue the current marketing strategy, 2) Expand across Texas, Oklahoma, 3) Add salespersons in new markets, 4) Expand land-clearing services, 5) Add equipment and crews in new markets, 5) expand into landscaping, firewood sales, tree planting, seasonal decorating.

Financing: Price NEGOTIABLE. Seller will consider financing up to 10% of the purchase price to a Purchaser qualified/approved by the Seller. Seller is also open to rollover equity of up to 10% of the selling price.

Support & Training: Seller will train buyer for 4 weeks included with the purchase price. Seller is willing to provide additional training at mutually agreed compensation for a finite period. The owner is willing to work as a contract salesman at 10% commission or in a general management role for $250,000 annual salary.

Reason for Selling: Family and property management

NOTE: SELLER PREFERS TO SELL TO A STRATEGIC PURCHASER WITH EXISTING INDUSTRY HOLDINGS. OTHER PROSPECTIVE PURCHASERS MUST HAVE TREE & CRANE SERVICES INDUSTRY OWNERSHIP or SENIOR MANAGEMENT EXPERIENCE + MINIMUM $2,000,000 LIQUIDITY AND PROOF OF FUNDING TO QUALIFY.

Purchase Price: The asking price for the assets of the business is NEGOTIABLE. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller. All financing is to be personally guaranteed by the individual principals of a prospective purchaser. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include Net Working Capital valued at $130,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $3,285,000. The price will be adjusted for actual Net Working Capital as of the sale date.

NOTE: THE SALE OF A BUSINESS IS CONFIDENTIAL AND DISCREET; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES OR OWNERS.

ALL STATEMENTS, FIGURES, AND VALUES ARE SUBJECT TO A PROSPECTIVE PURCHASER?S DUE DILIGENCE. THE INFORMATION FURNISHED BY M&A ADVISOR ABOUT THE BUSINESS AND ITS FINANCIALS HAS BEEN PREPARED BY OR IS BASED UPON REPRESENTATIONS AND INFORMATION SUPPLIED BY THE SELLER. ADVISOR HAS MADE NO INDEPENDENT INVESTIGATION OR VERIFICATION OF SAID INFORMATION.

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