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
industry
Agriculture
location
Iowa
revenue
$675,325
ebitda
$139,952
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