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Asking Price: $4,750,000

Profitable N. Texas Artificial Turf Company

Not Disclosed, TX
Not disclosed

We are pleased to offer for sale, this profitable and growing North Texas artificial turf company. This well-established, eleven-year old family owned and operated synthetic turf company specializes in the design and installation of synthetic turf for all their client’s various athletic field related needs, including football, baseball/softball and putting greens. The company advertises exclusively through Facebook and it has no company website, which might be a hint at its upside potential. It was established in 2013, by its founder, a serial entrepreneur who oversees multiple business ventures.They specialize in building athletic fields, indoor/outdoor facilities, batting cages, and cross-fit gym construction and Soccer. Their crews are nimble, highly skilled and consider no job is too big or too small for their highly dedicated and talented team. They are focused on working hard to meet their customer demand and exceed their customer satisfaction goals while establishing a strong relationship with their customers, manufacturers, and suppliers. The company is currently completing a $1.6M athletic field in Rowlett, along with two new youth football and soccer fields in various North Texas communities. which they expect to complete in the coming months. Over the past four years, this company has generated solid and quickly growing revenues of $2.1M in 2020 and up to $2.8M, in 2023, and it has generated cash flows of between of $267K to $1M, respectively. After a slow start in Year 2024, due to excessive inclement weather, the company is poised to generate approximately $1.15M in revenues over the next ninety days and they expect to exceed their Year 2023 revenues and cash flow. According to a recently updated TTM (twelve trailing month) P&L, dated September of 2023 to August of 2024, the company has generated revenues of $2.8M and SDE of $1M.The company could double in revenues in Year 2025 based on known backlog of projects that are forecasted. Its current backlog includes a committed large Louisiana project which includes five fields which are valued at $6.5M, which has been delayed due to a hurricane several weeks ago. Both the LA fields, valued at $6.5M and the Farm League project, valued at $2M, are expected to be completed in Year 2025. Given that the company has been earning SDE in the 30%-35% of revenue range, recently, the seller would consider a fair earn out split on those jobs to be in the 15%-17.5% range of revenues for these projects. Any new jobs secured prior to closing would be negotiated on a case by case basis in a manner which is fair to both parties.They typically collect deposits for new jobs valued at 50% of the project cost, upon project award and the remaining 50% upon project completion. Deposits valued at approximately $500K are included in the company’s current revenues and some of which are unearned until the projects are actually completed. Unearned deposits accrued at closing will transfer to the buyer for use as working capital to complete the work in progress.Also included in the sales price are Accounts Receivables which are valued at $1,349,018. The sales price will be adjusted accordingly, dollar for dollar, depending on the actual value of the company's accounts receivables, on hand, at closing. Lender Pre-Qualified Financing:This company boasts strong books and records, it’s financials are have been pre-qualified by one of our Lenders for the financing of the business acquisition, based on a buyer injection. We will provide a copy of the lender term sheet for financing a potential transaction, for your consideration. The seller is flexible in terms of being willing to offer a reasonable level of seller financing based on qualifications along with anticipated earn out scenarios. The seller is also willing to stay on board with the company, as a consultant, after closing for the length of any potential seller financing or earn out scenarios.               

Cash Flow $823,086
Revenue $2,215,295

Asking Price: $301,000

Parking Lot Striping/Sealing Business Woodlands TX

Spring, TX
Montgomery County

Almost every “brick and mortar” business has a parking lot and parking lots lose their luster and curb appeal fairly quickly. This sale price includes a box truck, 4 striping machines, a drone, stencil kits and all the additional equipment assets needed to run this successful business. This parking lot – striping company has no organized competition. The average ticket last year was $2800.00. Typically, we will take a customer call and have the job completed within 7 days. We have solved this problem affordably.The demand for our services is very high. In fact, large property managers as well as well-known national chains seek us out for our services. We contract with these organizations to bring them professionally managed striping services. Our proprietary products and services surpass the local ma and pa’s. The quality of our products is far superior to what is available on the open market. We contract with these organizations to bring them professionally managed striping services. In addition, our maintained parking lots make our customer's building really stand out. Because of this we have excellent reoccurring revenues. Virtually all public and private property owners and managers with existing asphalt assets require these services regularly.This business can be run semi-passively and managed through a general manager. Included in this sale is FF&E, inventories as well as extensive training and ongoing support.Additional Business Highlights Include:• Highly profitable business. 50% Net margins • Few employees to manage. • No experience necessary – Corporate office provides full training and ongoing support

Cash Flow $503,600
Revenue $1,090,000
$ Owner Financing Available

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