Listing ID: 73494
Well-established Construction Landscaping company has over 200 active customers with a business mix of 25% residential and 75% commercial, with Construction installation projects making up 50-60% of their revenue. The Company operates with 27 full-time employees, 10 foremen, 6 landscaping crews and 4 mowing crews and services all of Ohio with a heavy concentration within Central Ohio to include more than 115 snow removal sites. Owner oversees construction crews, estimating of construction projects, budgeting/procurement and maintains an employee retention rate of 75% YoY. This business continues to grow YoY and their brand is synonymous with quality and recognized as a leader in the industry. Business has the potential to become a semi-absentee opportunity for the new owner. Because of the confidentiality of this listing, proof of funds, or fundability is required, along with a signed Non-Disclosure Agreement (NDA). Please refer ro listing 84541-460878 and advisor Pat Bass when inquiring on this listing.
- Asking Price: $5,200,000
- Cash Flow: $772,596
- Gross Revenue: $3,849,824
- EBITDA: N/A
- FF&E: $1,330,154
- Inventory: $50,000
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:27
- Furniture, Fixtures and Equipment:N/A
Type of Location Industrial Facilities Office, Lot, Maintenance Garage Monthly Rent $3,000.00 Square Units (Foot, Meter) 6,000 Lease Expiration Date Terms Options 10 Years
Seller will train for 13 weeks at no cost
The company was established in 2008, making the business 14 years old.
The sale does include inventory valued at $50,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell businesses. Nevertheless, the real factor and the one they tell you might be 2 absolutely different things. For instance, they might claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or an array of various other factors. This is why it is very vital that you not rely completely on a vendor's word, yet instead, use the vendor's solution in conjunction with your total due diligence. This will paint an extra sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that profit margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be satisfied or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new clients? Most times, businesses have repeat clients, which create the core of their daily revenues. Particular variables such as new competitors sprouting up around the area, road construction, as well as personnel turnover can influence repeat customers as well as adversely impact future profits. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the higher the possibility to build a returning consumer base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the local typical family earnings effect future income potential?