Indiana Tree Services Business

Business Description

For sale is a 27-year-old Indiana-based tree services business that specializes in tree removal, dead wooding, crown reductions, stump grinding, debris clearing, land clearing, forestry mowing and emergency storm work. They serve clients all over Indiana as well as surrounding states and have professionally trained employees with a certified arborist on staff.

There is an extremely strong repeat revenue model with low customer churn rates: 80% of their customers are in the power line, utilities, municipal and energy sectors, with almost all of them having annual contracts (and a majority of those contracts are renewable for up to three years). The remaining 20% of their customers are residential home owners or small commercial companies that the company performs small one-time jobs for over 1-2 days.

There are 50 W2 employees, including a very talented Operations Manager. The Operations Manager oversees the residential/small commercial side of the business but has been trained to also run the utilities and energy side and could be a strong asset for an owner wanting to play a more absentee role.

2018 2019 2020 2021 2022
Revenue $1,789,971 $2,372,918 $3,015,333 $3,323,279 $3,920,573
SDE $478,992 $666,750 $810,487 $848,913 $900,705

Financial Overview

Asking Price: $4,500,000 (includes $1.8M in equipment)

Revenue: $3,920,573

Income: $900,705

Multiple: 4.9x

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