Listing ID: 67513
Great opportunity to own an established business that offers complete lawn care and landscaping services. This includes: Lawn Mowing & Turf Care, Tree/Shrub Pruning & Care, Grading & Drainage Solutions, and Snow Removal. The company primarily serves clients in eastern Loudoun and western Fairfax County. They employ highly trained individuals who treat homes and properties with respect and possess the knowledge and skills to get the jobs done right with minimal oversight. The owner takes pride in the crews becoming familiar with clients’ properties/specific needs and consistently delivering a high quality of service.
This business would make an ideal acquisition target for an established landscaping business looking to expand their footprint, but it could also be run by an active owner/operator. There is a very loyal and reliable customer base with many long standing clients (roughly 220 active accounts that are under contract). The company has a great reputation with most of their business coming from word of mouth, referrals, and leads through their website or third party affiliate sites (Angie’s List/Houzz/Nextdoor). The business also has excellent reviews on a number of popular online platforms.
The business has produced stable and consistent revenue and cash flow in recent years. The customer base is largely residential, but the opportunity to expand into more commercial work would be an option to pursue. A new owner could also incorporate design/build elements into the business like walkways, patios, and other hardscape projects. The owner is looking to retire after running the business for 35 years, but wants to ensure the business is in good hands moving forward. The pandemic had minimal impact on the lawn care and landscape industry, so this business is poised for growth and expansion. We don’t expect this opportunity to last long, so contact us today to learn more!
- Asking Price: $180,000
- Cash Flow: $62,257
- Gross Revenue: $485,551
- EBITDA: N/A
- FF&E: $78,000
- Inventory: $1,000
- Inventory Included: N/A
- Established: 1972
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
The business is run from a small office with a fenced lot that is leased for $2000/month. The lot is measures roughly 6000 sq ft and has room for parking of all the equipment (6 trucks and trailers plus all equipment) and has a workshop area as well. The space is situated on a major thoroughfare in close proximity to a large percentage of their contracts.
Seller will provide necessary training and support.
Owner is retiring.
There is standard competition for the industry and market, but this business has been established for nearly 50 years and has an outstanding reputation with a large number of long standing clients. The business is ideally situated in an affluent and growing part of Northern Virginia with many individuals and businesses who are in need of lawn maintenance and landscaping services.
There are several ways to grow and expand the business. The first would be to add more workers and expand the service area. There are also opportunities to focus more on pursuing larger commercial contracts. A new owner might want to make a modest investment in a targeted marketing/advertising plan to acquire new customers and create awareness of the business.
The venture was established in 1972, making the business 50 years old.
The sale shall not include inventory valued at $1,000*, which ins't included in the listing price.
The company has 11 employees and is located in a building with approx. square footage of N/A sq ft.
The property is leased by the company for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. Nevertheless, the true factor vs the one they tell you may be 2 absolutely different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or a range of other reasons. This is why it is really crucial that you not depend totally on a vendor's word, yet rather, use the seller's answer in conjunction with your total due diligence. This will paint an extra practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that revenue margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new customers? Many times, businesses have repeat clients, which form the core of their day-to-day earnings. Certain elements such as brand-new competition sprouting up around the location, road building, and employee turn over can influence repeat consumers and also adversely impact future revenues. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the better the chance to build a returning customer base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? How might the regional mean home earnings influence future revenue potential?