Listing ID: 73054
This very successful, long-established lawncare and landscape company has earned the reputation as THE premiere lawncare and landscape brand in Missouri. They provide a full suite of lawncare and landscape services to residential and commercial clients including professional landscape design & implementation, hardscape, lighting, irrigation and turf/lawn maintenance.
The business owner has strategically grown the company in a manner that makes it extremely attractive for the new owner to capitalize on their success and continue to grow well into the future. The key attributes include:
• Successfully operating in multiple geographic markets
• Even distribution of work between residential and commercial clients
• An impressive list of contracts creating strong recurring revenue
• Well established, secure labor source
While the owners are retiring, they have a deep sense of commitment to the success of the business that is their life’s work. As such, they are deeply committed to the new owner’s success and pledge a full and complete transition plan to ensure the new owner is not only successful but is well positioned to grow the brand to new heights. Hurry – this business won’t be on the market long!
- Asking Price: $4,995,000
- Cash Flow: $837,450
- Gross Revenue: $3,118,550
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. Nevertheless, the true reason vs the one they say to you may be 2 completely different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competition, current decrease in profits, or an array of other factors. This is why it is really crucial that you not rely completely on a seller's word, however instead, make use of the seller's response along with your general due diligence. This will repaint a more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies finance loans with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that earnings margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new clients? Often times, businesses have repeat customers, which form the core of their day-to-day revenues. Particular factors such as new competitors sprouting up around the location, roadway building and construction, and staff turnover can affect repeat consumers as well as negatively impact future earnings. One vital thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the greater the chance to construct a returning client base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional average family income impact future income prospects?