Business Description: The Company is a 34 year old well-established complete tree service business offering multiple services including tree trimming, tree removals, stump grinding, and land clearing, to a primary market inside a 30 mile radius of Abilene, Texas and also to residential and commercial properties through a 200 mile service radius. An experienced, trained management team runs the business with oversight from the founder. The business also operates two adjunct businesses that support the tree service and also generate their own income. These services include crane service and roll-off dumpster rentals. 3-year historical Sales were approximately Tree service ~80%, Dumpster Service ~15% and Crane Service 5%. The business markets to residential, commercial, rural and agricultural property owners as well as government entities.
The business has developed an excellent reputation for professional, prompt service at honest and fair prices. Business began as a one-man owner-operation and has since grown from 2 to 24 fulltime employees with multiple crews, estimators and management. An experienced Operations Manager coordinates the crews on a day to day basis including scheduling and coordinating equipment to ensure the job can be done effectively and safely. The General Manager handles back office needs including employee timekeeping, payroll processing, accounts payable and accounts receivables. The GM is customer-facing including monitoring emails, responding to inquiries plus managing dumpster and crane bookings.
The business has well-defined operating procedures and an excellent safety record. Employees are well-experienced with long tenures in the industry. The owner has invested in new equipment and has increased both the company’s capacity and capability. Productivity has significantly improved, as well. The business does not require a retail location and can be easily operated from a mobile phone. The business model is very successful and a new owner should consider expansion into major metro areas including Dallas – Fort Worth, Austin, San Antonio, Houston and Oklahoma by adding new crews plus equipment/materials staging yards.
The owner works part-time in the business including pricing jobs in/out of town and assisting with tree jobs from time to time. However, the managers handle all day to day including scheduling, hiring, and estimating. The owner is knowledgeable on the ins and out of tree trimming and removals plus crane operation/application to specific situations. The owner is willing to work as a contract salesperson at 10% commission or in a general management role for a strategic industry buyer. Seller is also open to rollover equity of up to 10% of the selling price.
The owner feels that a major advantage over competitors is the experience, professionalism and seniority of their loyal, dedicated employees. The crews are professional and are a major asset to the company. Customers are happy with the service and committed to using the company.
The company receives repeat business and referrals from an estimated 500+ realtors, insurance, and construction professionals, plus a ~20,000+ estimated installed base of customers (~20,000+ tree services and ~500+ dumpster rentals, ~200+ crane services). Leads are generated from vehicle signage, homeowner associations, neighborhood associations, realtors, insurance agents and the company website. However, the business pays for very little advertising in its primary market (30 mile radius of Abilene). The owner estimates that the business is operating at 30-40% capacity and feels that the business could grow MUCH faster by adding salespersons and scaling into other geographical markets, focusing on tree trimming and removal services plus crane rental services.
Texas Tree Removal, Dumpster Rental, Crane Service Business for Sale
Facilities: The business operates from 3 owned-yards used for equipment, storage, and tree staging plus office and mechanics shop. The owner will lease these to a qualified buyer for $4,200/month as a long-term lease plus renewal options.
Competition: The business attracts competitors from the Texas Panhandle and, occasionally, from Dallas Fort Worth. The owner feels that the industry is very competitive. Most companies have 1 crew (2 to 4 employees) and may offer both residential and commercial tree trimming and removal services. However, the majority of competitors have VERY limited equipment and are unable to handle the size, scope and schedule of tree removal work required by large customers. Despite the presence of competitors, the business has continued to thrive and can further grow with marketing and expanding to adjacent markets.
As far as we know, NO ONE in America has valued, exit planned, and sold more construction trade related businesses than Adam Noble Group! We are THE industry experts!
Growth & Expansion: The business uses multiple lead tactics including: 1) Customer Reviews, 2) Repeat and referral business from existing customers, 3) Website, 4) truck signage, 5) referrals from realtors and builders, 6) bidding on state, city, school and utility contracts, 7) Google ad words (primarily in secondary markets).
A new, energetic owner can further increase sales & profits in many ways: 1) Continue the current marketing strategy, 2) Expand across Texas, Oklahoma, 3) Add salespersons in new markets, 4) Expand land-clearing services, 5) Add equipment and crews in new markets, 5) expand into landscaping, firewood sales, tree planting, seasonal decorating.
Support & Training: Seller will train buyer for 4 weeks included with the purchase price. Seller is willing to provide additional training at mutually agreed compensation for a finite period. The owner is willing to work as a contract salesperson at 10% commission or in a general management role for a strategic industry buyer. Seller is also open to rollover equity of up to 10% of the selling price.
Reason for Selling: Family and property management.
NOTE: SELLER PREFERS TO SELL TO A STRATEGIC PURCHASER. OTHER PROSPECTIVE PURCHASERS MUST HAVE CONSTRUCTION OR INDUSTRY RELATED EXPERIENCE AND MINIMUM $2,000,000 LIQUIDITY AND PROOF OF FUNDING TO QUALIFY.
Purchase Price: The asking price for the assets of the business is NEGOTIABLE. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller. All financing is to be personally guaranteed by the individual principals of a prospective purchaser. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include Net Working Capital valued at $130,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $3,285,000. The price will be adjusted for actual Net Working Capital as of the sale date.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.
ALL STATEMENTS, FIGURES, AND VALUES ARE SUBJECT TO A PROSPECTIVE PURCHASER’S DUE DILIGENCE. THE INFORMATION FURNISHED BY M&A ADVISOR ABOUT THE BUSINESS AND ITS FINANCIALS HAS BEEN PREPARED BY OR IS BASED UPON REPRESENTATIONS AND INFORMATION SUPPLIED BY THE SELLER. ADVISOR HAS MADE NO INDEPENDENT INVESTIGATION OR VERIFICATION OF SAID INFORMATION.
For information, reference Texas Tree Removal, Dumpster Rental, Crane Service Business for Sale 20513 and contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC Phone: (817) 467-2161
For 3 decades, we have been guiding business owners and their families CONFIDENTIALLY to exit their construction trade contractor business with the BIGGEST paycheck of their life!
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During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, he has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing, exit planning, and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and financial buyers. The team establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. The firm exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
Adam Noble Group has multiple M&A and business broker specialties: Manufacturing, Aerospace Defense Industry, Oilfield services, Technology, Construction trades, Craft Breweries, Partnership Buyouts, Service, and Wholesale Distributors.
We have successfully exited our own companies … we have walked in your shoes! Let us put the BIGGEST CHECK of your life in your pocket! Please contact us and we will confidentially answer all your questions. We will fully describe the process and answer all of your questions, all discreetly and with no pressure.
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