Listing ID: 76172
Colorado Springs, Colorado
This established and well-known business, located in Colorado Springs, Colorado, is a great highly-reputable company performing work for both commercial and residential customers for the past several years. This is a 9-month operation with three winter months of easy living. The owners are looking at slowing down the pace in their lives as they are getting older and need to slow down. They started the business in 2012 and have built a company with a great reputation and high integrity and have provided excellent service to their customers. Their service area goes from Palmer Lake to Fountain. They employ only the highest-trained employees in the industry whose goal is to make this the best landscaping service company in the area. In addition to general landscaping services, they offer concrete work for driveways, sidewalks, and other areas, flower gardens, decorative rock and other similar type services. They provide excellent service to both commercial and residential customers.
This company began operations in 2012 and was started from scratch by the current and only owners and continues through current date.
- Asking Price: $175,000
- Cash Flow: $85,002
- Gross Revenue: $413,799
- EBITDA: N/A
- FF&E: $30,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Negotiable as required by purchaser.
Need a slower pace as owners are aging.
This is a low-cost established business with an excellent reputation in the area. They take pride in servicing a growing and loyal customer base by offering quality service.
The venture was founded in 2012, making the business 10 years old.
The business has 3 employees and is located in a building with disclosed square footage of N/A sq ft.
The building is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. Nonetheless, the real factor and the one they tell you may be 2 entirely different things. For instance, they might state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or a variety of other factors. This is why it is really vital that you not rely absolutely on a seller's word, however rather, use the vendor's response together with your total due diligence. This will paint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover items like inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that earnings margins are too tight. Many organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new clients? Often times, businesses have repeat consumers, which create the core of their everyday earnings. Certain elements such as new competition sprouting up around the location, road construction, as well as personnel turnover can influence repeat consumers and negatively impact future incomes. One essential point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the greater the possibility to develop a returning customer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Just how might the neighborhood typical family income influence future revenue prospects?