Listing ID: 79133
An opportunity to acquire a nice lawn maintenance business with private lawns in the main. Good equipment and a truck and trailer included in the price. All lawns are within a good area so not too much travel. Call for more information. Seller is downsizing and an employee is available should the buyer wish to have one.
- Asking Price: $110,000
- Cash Flow: N/A
- Gross Revenue: $130,750
- EBITDA: $85,450
- FF&E: $6,000
- Inventory: N/A
- Inventory Included: N/A
- 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:1
- Furniture, Fixtures and Equipment:N/A
An opportunity to acquire a nice lawn maintenance business with private lawns in the main. Good equipment and a truck and trailer included in the price. All lawns are within a good area so not too much travel. Call for more information. Seller is downsizing and an employee is availble should the buyer wish to have one. (Home Based)
2 weeks training
Can easily expand within the area being sold
This Business Is Home Based
The business was started in 2008, making the business 14 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. Nevertheless, the true reason and the one they tell you might be 2 completely different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in earnings, or a variety of other reasons. This is why it is very important that you not rely completely on a vendor's word, yet instead, make use of the seller's solution along with your overall due diligence. This will repaint a much more reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that earnings margins are too small. Many businesses fall 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 commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new consumers? Often times, businesses have repeat consumers, which develop the core of their daily earnings. Particular factors such as new competitors sprouting up around the area, roadway construction, and employee turn over can influence repeat consumers as well as adversely influence future profits. One crucial thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the better the opportunity to construct a returning customer base. A final thought is the general location demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the local typical household earnings influence future income potential?