Looking for a buyer.
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!
listing type
exclusive representation
exclusive representation
industry
Agriculture
Agriculture
location
Iowa
Iowa
revenue
$675,325
$675,325
ebitda
$139,952
$139,952
proposed price
$489,000
$489,000
owner financing
$48,900
$48,900
equipment
$254,000
$254,000
SBA eligibility
yes
yes
collateral
Accounts Receivable
Cashflow
Equipment
Accounts Receivable
Cashflow
Equipment
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