Listing ID: 71409
This company services about 660 customers annually. The Company provides lawn treatment services which include fertilization, weed and insect control. They also offer aeration/seeding as an add on. The two applicators are both licensed by the state of RI. This is a great stand-alone business or a great add on for a lawncare or Landscaping company.
- Asking Price: $225,000
- Cash Flow: $92,500
- Gross Revenue: $257,000
- EBITDA: N/A
- FF&E: $36,800
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Work from home
Owner will assist in smooth transition
The business was started in 2004, making the business 18 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. Nonetheless, the true factor and the one they say to you might be 2 totally different things. As an example, they may claim "I have too many various commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a range of various other reasons. This is why it is really vital that you not count absolutely on a seller's word, however instead, make use of the vendor's solution in conjunction with your overall due diligence. This will repaint an extra sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can imply that earnings margins are too tight. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new clients? Often times, businesses have repeat clients, which develop the core of their daily revenues. Particular variables such as brand-new competition sprouting up around the area, road building, and personnel turnover can impact repeat consumers as well as adversely influence future incomes. One important point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning client base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the local average home income impact future income potential?