Recurring Revenue, Absentee Owner, $180k cashflow @ 2.5x cashflow

May 17, 2024
by a searcher in Tampa, FL, USA
I have a legacy asset I would like to sell, I acquired the business circa 18 months ago with the intention of doing a roll-up in the industry. It's a 25 year old + landscape maintenance business in SW Florida, the business model is very simple we bill clients a fixed monthly fee for landscape maintenance services that we provide on a weekly/bi-weekly basis year round. Operations manager in place to handle all daily operations, I work typically###-###-#### hours a week on the business and work largely remotely, I go in to the office perhaps 2 -4 times a month for banking/payroll purposes for about 1 - 2hrs each time,
I want to sell for no other reason other than the fact that###-###-#### I don't enjoy it. I never intended to own just this business, the whole point was to do a roll-up which I no longer want to pursue so I don't see the point in keeping this single asset. It's a good fit for someone that wants a lifestyle business but a much better fit for an operator that wants to get their hands dirty, there is so much room for growth!
I would really appreciate only serious enquires, email me at redacted or reply to this post
Thank you.
from University of California, Los Angeles in Los Angeles, CA, USA