Listing ID: 73349
Avoid the early growing pains of opening a new franchise and take advantage of the time and effort invested by the current owners. With an established list of recurring clients, two branded vehicles, and over $70,000 in equipment this is an ideal business for someone who wants to hit the ground running.
Having various revenue streams for all four seasons adds to potential growth. Services for both commercial and residential currently include: general lawn maintenance contracts, fertilization, mulching services, soft-scape installations, new plantings, power washing, irrigation installation and repair, spring and fall clean-up, tree removal, and for the winter months; Christmas light installation, snow removal, and ice control.
The territory covers six zip codes including several affluent, suburban neighborhoods. In addition to the $ 70,000 in equipment value, a new owner will have the option to review and consider additional assets to acquire to augment the offered package.
- Asking Price: $180,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Owners have other career aspirations.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. Nonetheless, the true factor and the one they say to you might be 2 completely different things. For instance, they may claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competition, current decrease in profits, or a range of other factors. This is why it is very important that you not depend absolutely on a seller's word, but rather, use the seller's answer in conjunction with your total due diligence. This will repaint a much more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that earnings margins are too thin. Lots of organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new consumers? Many times, businesses have repeat clients, which develop the core of their daily profits. Particular aspects such as brand-new competitors growing up around the location, road building and construction, and employee turn over can influence repeat customers as well as negatively influence future incomes. One essential point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the higher the chance to construct a returning client base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the regional typical house income effect future earnings prospects?