Ciro’s Landscaping owner Ciro Delgadillo had a succession plan in place and was preparing to retire from his successful business when the recession hit. With large loans on two commercial properties and business dramatically slowing, Ciro suddenly found himself considering the unthinkable – dissolution of his decades-old family business. Ciro’s turned to the originator of his Small Business Administration loan, San Diego-based CDC Small Business Finance, for help. After reviewing the business’ new operating realities, CDC was determined to deliver a better outcome. Knowing Ciro’s Landscaping needed business expertise to confront the many challenges ahead, CDC brought us in.
We worked with Ciro to model realistic business projections and develop a plan for leasing his excess commercial space. We provided sound guidance and asked the hard questions. Our advisors also worked in tandem with Ciro’s Landscaping and CDC to help the company restore its real estate debt payments and its credit.
With the company’s properties leased and utilized, a reoriented business strategy, simplified business offerings, and a full complement of 30 employees, Ciro’s Landscaping is on solid financial footing and growing again.