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Asking Price: £1.6M
Location: Ireland.
Turnover: £1.505m (2020)
Gross Profit: £590k (2020))
Adj EBITDA: £401k before drawings (2020)
Net Assets: Circa. £406K.
Asking price includes:-
Gross Turnover circa £1.505M.
Gross Profit circa £590,105.
Adjusted EBITDA before owners’ drawings of £401,232
Net Assets circa £406,039.
Secure contracts.
Significant Goodwill.
Introduction
Turner Butler has been appointed to invite offers of purchase for the assets and goodwill of this leading Irish tree surgery business.
Business Profile
Well-established business (20 years) covering all aspects of tree surgery work. The company currently offers services in:
• Tree Pruning & Limb Removal
• Tree Felling and Dangerous Tree Removal
• Hedge Maintenance
• Stump Removal
• Timber Extraction & Tree Clearance
• Tree Surveys and Reports
• Stump grinding
• Hedge cutting
• Plant Hire
Equipment:
Large selection of modern vehicles and machinery. Carrying value £261k.
Key strengths:
Secure long-term contracts.
Highly qualified/dedicated staff
Exceptionally good reputation
Excellent second tier management team capable of running the business
Well-structured administration and Management Systems in place
Scope for expansion
Key Opportunities:
Opportunity for continued expansion in the following areas:
• Firewood sales.
• Woodchip sales.
• Tree Planting.
• Recycled timber products.
• Expand domestic and commercial works.
• Forestry
Financial performance:
The 2019-2020 Turnover was £1, 504,858 producing a Gross Profit of £590,105 and an EBITDA before owners’ drawings of £401,232.
Advertising and Marketing:
Due to workload, currently no requirement to advertise.
Company website, social media
Premises
Enclosed compound in convenient to main roads network.
Area of hardstanding for storage of byproducts
Admin building with reception, offices, meeting room, staff toilets + kitchen, garage and maintenance buildings.
Alarm & CCTV
Employees:
6 x Management/admin
17 x Operational staff
2-3 x seasonal labour.
Support and Training:
The Managing Director would be happy to stay and provide training for an agreed handover period.
Reason for Sale:
Retirement
Asking Price:
The Asking Price of £1.6M is for 100% of the issued capital of the company, assuming Net Assets of £406,039 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £406,039 at completion.