SOLD! Specialist Sports Turf Maintenance and Construction – South Australia

This business is a specialist sports turf maintenance and construction business operating predominantly in the government and sporting sectors. They hold large contracts with the local government sector for the maintenance of council sporting facilities across metropolitan Adelaide. 

They also operate and manage three suburban nine-hole golf courses for and on behalf of councils where they provide a full range of staffing and running of the pro shops and the complete care and maintenance of all the course facilities. They also maintain the turf at a nine-hole golf course on behalf of one council and a national management provider. 

In addition to the above, they hold contracts with public and private schools for the supply and delivery of “Annual Turf Maintenance and Renovation Programs”.

The construction of new sports turf surfaces including sand profiles, drainage systems, irrigation systems, turf cricket pitches and turfing form an established and highly regarded part of the business where repeat opportunities regularly present themselves. 

With written contracts in place consisting of various lengths across the entire scope of the business, they have a history of working with their clients across multiple successive contracts for both sports turf maintenance and turf/irrigation construction projects.

• 24 years of industry connections
• Written contracts of varying lengths
• Extensive inventory of plant and equipment
• Qualified and experienced staff
• Appropriate trade and industry licences
• Stable management team
• Accountant produced trading figures 
• Strong cash flow from daily cash sales to monthly accounts from the sporting and government sectors 
• Independent Valuation of Plant & Equipment fair market use circa $2.7m

The Vendor is willing to provide a full handover period if required by the purchaser. 

They are seeking a transition to retirement and the time to pursue other interests in the medium term, 1 to 5 years. Offering the business for sale at this point in time will allow them to continue to work within the business as an employee if required by the purchaser.

This business has been built over 24 years by the present owner with high quality and controlled focus. The opportunity presents for the purchaser to gain immediate and significant market share with the knowledge that the business is currently in a strong trading position. It provides the opportunity to incorporate this business into an existing one and gain significant synergies and or expand upon its current industry offering by utilising its significant human and physical resources to service a wider range of industry clients, eg developers, builders and to provide a more general horticultural offering to its existing markets.

Asking Price:  Goodwill, Plant and Equipment $3,450,000 plus SAV estimated at $50,000