Listing ID: 76110
This Colorado Springs business provides landscaping, hardscaping, lawn maintenance, irrigation and snow removal services. Started over 15 years ago, the business has a very high percentage of repeat clientele.
- Asking Price: $520,000
- Cash Flow: $163,353
- Gross Revenue: $720,901
- EBITDA: N/A
- FF&E: $177,150
- Inventory: N/A
- Inventory Included: N/A
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Leased yard facility.
Negotiable as required by purchaser.
With over 15 years of experience, this well-established landscaping company has a strong foundation of 37 long term commercial clients under contract which means the new owner will have revenues on the very first day of business. Services include design, irrigation, landscaping, hardscaping, lawn maintenance and snow removal. There are many opportunities to expand this business and capitalize on its brand name and reputation for quality.
The business was started in 2006, making the business 16 years old.
The company has 8 employees and is situated in a building with estimated square footage of N/A sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nonetheless, the real factor vs the one they tell you may be 2 absolutely different things. For instance, they may state "I have too many various obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in incomes, or a variety of various other reasons. This is why it is very crucial that you not rely entirely on a vendor's word, however rather, utilize the vendor's answer in conjunction with your total due diligence. This will paint a much more practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering items like inventory, payroll, accounts payable, etc. Remember that in some cases this can imply that earnings margins are too small. Numerous 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 also be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be fulfilled or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new customers? Most times, businesses have repeat clients, which create the core of their day-to-day revenues. Particular elements such as new competition sprouting up around the area, road building, as well as staff turn over can affect repeat consumers and also adversely affect future profits. One essential 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 on a regular basis, the higher the chance to develop a returning consumer base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the local typical family income effect future revenue potential?