This artificial turf and paver installation business was founded on the principle of always providing the best installation services to its clients in the North Texas market. The owner saw that other artificial turf installation businesses were not installing artificial turf products in a proper way which led to unsatisfied clients and a poor view on artificial turf as a solution. Given the owner’s experience installing artificial turf in the more mature California market, he was able to bring those proper technics to the up-and-coming North Texas market.
Over the last 5 years, the business has grown to over $2M in annual revenue and $235k in EBITDA/SDE. As the owner’s focus over the past three years was on providing best-in-class services to its client, the business refined its operational procedures to allow for an end-product that was always of high-quality and resulted in a very satisfied client. This customer satisfaction is demonstrated by the business having over 190 5.0-star reviews.
With the operational procedures refined, the owner is now in the process of scaling up the business to take advantage of the accelerated growth in the North Texas artificial turf market. The business has recently hired 2 additional sales reps. Based on a 5-Year model, the business is projected to grow to $4.6M in revenue and $688k in EBITDA by the end of Year 2 of the model. Putting these numbers into a discounted cash flow calculation, it results in a net present value of $3.8M at a 20% discount rate.
As the owner has moved back to California, he is wanting to sell the business to someone who can “take the torch” and continue to provide exceptional service to the North Texas market. At a price of $1.3M, this business would be a great opportunity for an someone to purchase and benefit from the fast growing North Texas market.