Full-Service Mulch Manufacturer and Distributor
Gross Revenue: | $10,262,000 |
EBITDA: | $1,318,000 |
Description:
A full-service mulch product company, focused on providing environmentally conscious mulch and other ground cover products via sustainable practices and efficient processes. The Company offers manufacturing, delivery, and installation services for its mulch products to residential and commercial customers, improving the location’s visual curb-appeal while also enhancing the landscape.
Key Aspects:
• Revenue grew at a compound annual growth rate (CAGR) of 15.7% from 2020 to 2023
• In operation for over 40 years
• Currently operates from a manufacturing facility located on 65 acres of land
• Premier mulch product manufacturer in the current state of operation
• Staff is knowledgeable, polite, and attentive with years of industry experience
• Low customer concentration with no client accounting for more than 6% of sales in 2023
• Actively diverts significant volumes of raw materials, such as kiln-dried lumber, from landfills to manufacture products
• Utilizes a bag for mulch products that has low levels of ultraviolet (UV) stabilizers in it, allowing for faster and more complete decomposition of the bags
• Focuses on using electric machinery and equipment for manufacturing and installation processes to reduce diesel usage
• Upgraded inventory tracking processes with drone technology
Opportunities:
• Optimize the Company’s website with search engine optimization (SEO) to increase digital presence
• Continue to expand mulch product selection and services offered
• Implement a strategic marketing campaign to secure new clients and increase brand awareness
• Continue to focus on sustainability and the Company’s green approach to product manufacturing to capitalize on the environmental focus markets are currently shifting towards
• Focus on continuing to improve sawdust by-products, which are derived from the Company’s manufacturing process
• Complete conversion of diesel-fueled processes to operate fully electric, improving sustainability and efficiency
Headquartered:
• Southeast, US
Current Markets:
• The company currently serves residential and commercial markets in its region, including large commercial properties, HOAs, as well as landscape & property management companies.
Real Estate:
• The company operates from a manufacturing facility located on 65 acres of land. The property is currently under a 10-year lease agreement with an unrelated third party. The company owns two buildings on the property, both of which are expected to be included in the sale.
Shareholder Ownership:
• The company is owned by a single shareholder who is looking to pursue other interests in life. The owner is willing to stay with the company for a predetermined period of time to ensure a smooth transition to new ownership