Business Overview

Seller is looking to retire and offers 55 contracts both commercial and residential in Lake Nona, Kissimmee and St. Cloud. Equipment includes trailer, mower and misc equipment, no truck.

One person can do the work in 4 days. Cash element as well . Business has been operating now for 18 years. Ideal starter business or add on for extra income to existing business.

The contracts generate almost $6,000 per month. Seller will retain small number of lawns, NOT INCLUDED however will sign Non-compete with the buyer.

Financial

  • Asking Price: $92,500
  • Cash Flow: N/A
  • Gross Revenue: $81,548
  • EBITDA: $49,653
  • FF&E: $7,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

TWO WEEKS TRAINING AT NO COST TO BUYER

Purpose For Selling:

RETIREMENT

Opportunities and Growth:

Seller does not wish to work any more hours, currently does a 4 day week

Additional Info

The company was started in 2003, making the business 19 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell businesses. However, the real factor and the one they tell you might be 2 entirely different things. As an example, they may say "I have way too many various obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in incomes, or an array of various other factors. This is why it is extremely crucial that you not count absolutely on a seller's word, yet rather, use the vendor's response combined with your total due diligence. This will paint a more realistic picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans in order to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that revenue margins are too small. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be fulfilled or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in brand-new consumers? Most times, businesses have repeat consumers, which create the core of their everyday earnings. Certain factors such as brand-new competition sprouting up around the location, road construction, and staff turnover can influence repeat customers as well as negatively impact future profits. One crucial thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the greater the opportunity to develop a returning client base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? How might the local typical family income influence future revenue prospects?