|
Tree Trimming & Removal Service
Financial Summary
|
detailed financial analysis provided by seller
|
|
Year
|
2008
|
2007
|
2006
|
|
Data Source
|
P&L
|
Tax Return
|
Tax Return
|
|
|
|
|
|
|
Income Statement
|
|
|
|
|
Revenue
|
1,023,955
|
814,062
|
449,513
|
|
Cost of Goods Sold
|
486,807
|
577,737
|
284,164
|
|
Gross Profit
|
537,148
|
236,325
|
165,349
|
|
|
|
|
|
Operating Expenses
|
323,849
|
66,554
|
101,474
|
|
Pre-Tax Net Profit
|
213,299
|
169,771
|
63,875
|
|
|
|
|
|
|
EBITDA
|
|
|
|
|
Interest
|
0
|
11,800
|
2,512
|
|
Depreciation
|
0
|
5,135
|
3,150
|
|
EBITDA
|
213,299
|
186,706
|
69,537
|
|
|
|
|
|
|
Owner’s Salary Adjustments
|
|
|
|
|
Owner Salary or Compensation*
|
17,656
|
0
|
0
|
|
Matching FICA Taxes (est.)
|
1,324
|
0
|
0
|
|
Adjusted EBITDA
|
232,279
|
186,706
|
69,537
|
|
|
|
|
|
|
Add Backs and Fringe Benefits
|
|
|
|
|
Misapplied Sales Tax
|
79,520
|
62,374
|
35,017
|
|
House Cleaning
|
1,811
|
2,345
|
2,345
|
|
Rent for Home Office
|
4,200
|
7,200
|
7,200
|
|
Auto Expense
|
9,905
|
749
|
500
|
|
Fuel for Wife’s Car
|
1,362
|
1,948
|
1,900
|
|
Auto Insurance for Wife’s Car
|
849
|
816
|
800
|
|
|
|
|
|
|
Discretionary Cash Flow
|
$329,926
|
$262,138
|
$117,299
|
|
Tangible Asset List provided by seller
|
|
|
VALUE
|
INCLUDED
|
|
Real Estate
|
-
|
-
|
|
FF&E
|
$3,000
|
$3,000
|
|
Accounts Receivable
|
-
|
-
|
For further information, please complete our Non-disclosure Agreement at www.vrbigd.com/nda. Jeremy Furtick can be contacted by email at jeremy@vrbigd.com or by phone at 972-792-0100.
“For up-to-the-minute business updates on VR's current, new and pending listings, follow VR at http://www.twitter.com/vrhuntingtonbg.”
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