Listing ID: 76576
This 17 year established company provides high quality irrigation installation services. This niche business specializes in one-stop maintenance service for Landscape Irrigation Systems. Services consist of spring startups, monthly summer maintenance, fall system winterization, existing system remodels, new system design, and installation. Being part of a growing industry with new technologies being introduced every year, there is HUGE growth potential for a buyer who wants to expand and take this business to new heights. Training provided during the transition period!
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- Asking Price: $265,000
- Cash Flow: $117,862
- Gross Revenue: $292,855
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $12,000
- 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:3
- Furniture, Fixtures and Equipment:N/A
300 SF in an industrial space.
15 weeks included
The venture was founded in 2004, making the business 18 years old.
The sale shall include inventory valued at $12,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. Nevertheless, the genuine reason vs the one they say to you may be 2 completely different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in profits, or a range of various other factors. This is why it is extremely crucial that you not depend absolutely on a seller's word, however instead, use the vendor's response along with your total due diligence. This will repaint an extra sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that revenue margins are too small. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new consumers? Many times, companies have repeat clients, which form the core of their day-to-day revenues. Particular variables such as new competition sprouting up around the location, road building and construction, as well as employee turn over can impact repeat clients as well as negatively affect future revenues. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the possibility to develop a returning consumer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood typical home earnings impact future income prospects?