Listing ID: 74752
Price reduced by over half: $600,000 cash or $800,000 with Seller financing ( half down). 2021 numbers way up with a Cash Flow of over $800,000 but the Seller wants to sell soon. Residential landscaping does not get more professional than this. Owner, supported by administrative skills of wife, operates successfully from home while making sales calls and visiting each job site each day. Has strong subcontractor teams to execute his homeowner approved designs for their outdoor living space. From brick patios and driveways, fencing/walls, outdoor kitchens, lighting, , BBQ pits, you name it, they can help visualize and make it happen. Prefers residential, but will take on commercial projects if the job fits. Easily grown. Takes a R-21 license. Owner will train, mentor.
INTERESTED PARTIES MUST PROVIDE PROOF OF FUNDS ALONG WITH NDA. Contact listing agent William Swan, firstname.lastname@example.org or call home cell office 575-770-1156.
- Asking Price: $800,000
- Cash Flow: $802,000
- Gross Revenue: $1,557,000
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $2,000
- Inventory Included: Yes
- 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
Works out of their home with subcontractors who have their own yard, trucks, tools. Some basic tools and full office suite to book and manage each job.
Will train. Must have experience or willing to hire qualifying party. If needed, Seller will stay on as qualifying party for the R-21 contracting license for a limited period as Buyer prepares and passes the tests.
Mostly referrals; turns work away almost everyday. Market keeps growing. 2020 Covid year was best year, and 2021 even better. Professional, competent, pays attention to details and gets the job done per estimates.
Add maintenance dimension to services offered to current and past customers. Immediately hire job site supervisor so Owner can spend more time estimating and meeting new prospects. Add subcontractor teams to increase throughput.
The venture was started in 2004, making the business 18 years old.
The transaction shall include inventory valued at $2,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. Nonetheless, the real reason vs the one they tell you may be 2 entirely different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, current reduction in profits, or a variety of various other reasons. This is why it is very crucial that you not rely totally on a vendor's word, however instead, utilize the seller's response together with your general due diligence. This will paint an extra realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money so as to cover items like supplies, payroll, accounts payable, etc. Remember that sometimes this can imply that revenue margins are too thin. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new customers? Most times, companies have repeat customers, which form the core of their day-to-day earnings. Particular elements such as brand-new competition sprouting up around the area, road building and construction, and also employee turnover can influence repeat customers and adversely affect future incomes. One important point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the greater the opportunity to develop a returning customer base. A final thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the regional average household earnings impact future earnings prospects?