Lawn Equipment Distribution ID Number: 08048 Primary Category: Distribution Asking Price: $13.6M Annual Revenue: $55M Annual Adjusted Net: $3.2M
Professional Turf has exclusive rights to sell and services specialized equipment & irrigation systems for a major manufacturer for landscape and large turf areas in a key Western US territory.
Its primary customers are golf courses, sports complexes, municipal parks schools, colleges, cemeteries, and other private and public sites with large turf areas. They are suppliers of equipment to contractors for creation and maintenance of landscapes. A line of products is also sold through over two hundred dealers servicing local markets in their territory.
The company employs over one hundred people and operates from seven facilities in their territory. Each facility supports a local area on inventory, equipment repair, customer service and facility for staff and customer training.
The company & its principals have been in this line of business for over 30 years. The present company was structured through the acquisition and consolidation of 4 distributors over the past 15 years. This has provided the scale for investments in technology & operations efficiency.
Management has used their experience and expertise to create a business which commands high market share, a leading in customer satisfaction with its competitors and above average financial performance.
The owners are planning retirement, however, would stay on for a few years to assist in the transition. Their experience and relationships are key to a successful transition
The company operates under a Distributor Agreement from its key supplier. The purchase of the business is subject to new owners being qualified by the manufacturer in their ability to professionally manage the company and bring in the desired capital to ensure financial stability.