This business almost exclusively provides landscaping and irrigation installation services to new commercial projects, including schools, municipal facilities, parks, shopping centers and other commercial properties. At the current time, they do not provide any maintenance services, which the seller admits is a huge opportunity for growth under a new owner that they simply did not pursue. The business also has key employees in place that can easily slide up and assume more responsibilities once the owner transitions out.
The business completed about 30 projects in 2022, ranging from small irrigation jobs for $10,000 to an average installation project size of $250,000. There is a massive backlog of signed contracted work to be done over the next 12 months already on the schedule, totaling more than $4 million. Even the most conservative estimates have the business growing in both 2023 and 2024 considering everything already on the books and in the pipeline.