Landscaping Business Valuation Multiples 2025
Landscaping businesses command 2.5x–4.5x SDE in today's market. PE consolidation is accelerating. Here's what your landscaping company is worth and what drives the multiple.
Read Article →New Hampshire landscaping businesses benefit from the Lakes Region estate market, Portsmouth's historic district grounds, Boston suburb affluent residential routes, and New Hampshire's 0% income tax on wages — New England's best exit economics.
Jason Taken
HedgeStone Business Advisors
New Hampshire's landscaping market benefits from a unique combination: Boston suburb affluent residential demand in the southern tier (Bedford, Londonderry, Windham), the Lakes Region's premier vacation home estate grounds market (Lake Winnipesaukee, Squam Lake), and Portsmouth's historic Seacoast premium residential market. New Hampshire's 0% income tax on wages and business income creates the best landscaping exit economics in New England.
New Hampshire landscaping businesses sell for 2.5x–4.5x SDE. Southern New Hampshire (Manchester, Bedford, Nashua, Londonderry, Windham) is the primary market — the Boston suburb corridor's high-income residents (many commuting to Massachusetts jobs while enjoying New Hampshire's tax advantage) drive demand for premium residential landscaping, irrigation systems, and outdoor living construction. Portsmouth and the Seacoast region (Exeter, Hampton, Rye) add historic estate landscaping along one of the Northeast's most attractive historic coastal corridors. The Lakes Region (Meredith, Wolfeboro, Laconia — on Lake Winnipesaukee, and Center Sandwich, Holderness — near Squam Lake) adds vacation estate landscaping at premium billing rates.
Lake Winnipesaukee — New Hampshire's largest lake and one of the Northeast's premier vacation destinations — has an estate landscaping market comparable to the Hamptons or Cape Cod in billing rates and client expectations. Lakefront estates on Winnipesaukee and the surrounding smaller lakes (Squam Lake, Lake Sunapee) run $2M–$15M+, with annual landscape maintenance budgets of $20,000–$80,000. The short Lakes Region growing season (May through October, compressed by the northern New Hampshire climate) means landscape businesses must deliver high-quality results quickly — weekly maintenance during peak summer season, spring and fall cleanup, and seasonal color programs for estates whose owners arrive for the summer season. Landscaping businesses with strong Lakes Region estate account portfolios generate premium billing rates and high customer retention.
New Hampshire's southern tier — particularly Bedford, Windham, Hampstead, and Hollis — functions as a premium Boston suburb where high-income Massachusetts commuters choose New Hampshire to escape Massachusetts income tax. This demographic drives demand for premium residential landscaping that matches Metrowest Massachusetts quality at New Hampshire pricing. New construction in Bedford's luxury subdivisions and Windham's upscale neighborhoods generates landscape design-and-build projects ($30,000–$150,000+ per property) for HVAC-complementary outdoor living spaces: patio construction, retaining wall installation, landscape lighting, irrigation systems, and annual maintenance. Landscaping businesses serving Bedford and Windham's affluent residential market generate some of the highest per-account billing rates in New Hampshire.
New Hampshire has no income tax on wages or business income — making it one of only nine states in the U.S. with no personal income tax. Business sale proceeds are not subject to New Hampshire's interest and dividend tax (which applies only to interest and dividends, not business sale gains). On a $1.5M landscaping exit, New Hampshire sellers pay $0 in state income taxes — versus $89,850 in Rhode Island (5.99%), $107,250 in Maine (7.15%), or $131,250 in Vermont (8.75%). Total effective federal rate is approximately 20–23%. New Hampshire landscaping business owners with Lake Winnipesaukee estate account portfolios, Bedford or Windham premium residential routes, or Portsmouth historic Seacoast grounds accounts should engage a business broker who can market New Hampshire's exceptional tax profile to national landscaping platform acquirers.
Landscaping businesses command 2.5x–4.5x SDE in today's market. PE consolidation is accelerating. Here's what your landscaping company is worth and what drives the multiple.
Read Article →Maine HVAC businesses benefit from Portland's boom in commercial development, the state's aggressive heat pump conversion market, Bar Harbor and coastal resort HVAC, and Maine's 7.15% income tax requiring strategic exit planning.
Read Article →New Hampshire HVAC businesses benefit from Manchester's corporate and healthcare complex, Portsmouth's historic district and naval shipyard accounts, and New Hampshire's 0% income tax on wages — among the best exit economics in New England.
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