Business Overview

Irrigation specialists that provides high quality sprinkler service to homes and businesses. They have been in business since 2001 and have a fantastic reputation in the community.

This Sprinkler Repair Service has been doing great in 2020. The owner is active in the business from a management perspective, overseeing crews and billing. This is a one-stop-shop for any lawn sprinkler needs.

Financial

  • Asking Price: $239,000
  • Cash Flow: $104,037
  • Gross Revenue: $262,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2001

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based

Is Support & Training Included:

3 weeks

Purpose For Selling:

retiring

Opportunities and Growth:

Adding another crew will help to increase revenue due to the high demand. Currently cannot accept all work that is requested.

Home Based:

This Business Is Home Based

Additional Info

The venture was founded in 2001, making the business 21 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell businesses. Nonetheless, the genuine factor vs the one they say to you may be 2 entirely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be excuses to attempt to hide the reality of changing demographics, increased competition, recent decrease in profits, or a variety of various other factors. This is why it is very essential that you not rely completely on a vendor's word, but rather, make use of the vendor's answer along with your overall due diligence. This will repaint a more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover things like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that revenue margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may 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

How do companies in the area draw in new consumers? Many times, businesses have repeat clients, which create the core of their day-to-day revenues. Certain variables such as new competitors sprouting up around the area, road building and construction, and employee turn over can impact repeat consumers as well as negatively affect future profits. One important point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the greater the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Just how might the regional median home income impact future revenue potential?