Listing ID: 79486
Excellent opportunity to take over this 20+ year old established and profitable home based lawn maintenance business with over 150 residential and 20+ commercial accounts in beautiful Port Charlotte, Florida. Skilled team in place – committed to giving every lawn the attention it needs! Impressive equipment list included in sale: Three vehicles including a 14” dump bed, 5 mowers and a sizeable amount of handheld equipment. Gross monthly billing of $20,000 is steady. Seller bank statements available for revenue verification. Owner works approximately 15-20 hours a week with accounts payables and accounts receivables. Two weeks of training included. Tremendous growth potential. Whether adding to an existing business or just starting out this opportunity is PRICED TO SELL!
- Asking Price: $74,900
- Cash Flow: $134,562
- Gross Revenue: $260,545
- EBITDA: N/A
- FF&E: $55,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The company was started in 2001, making the business 21 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell businesses. However, the real factor vs the one they tell you may be 2 absolutely different things. For instance, they may state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might simply be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in profits, or an array of various other reasons. This is why it is really crucial that you not rely completely on a vendor's word, but instead, make use of the vendor's solution together with your general due diligence. This will paint a more reasonable image of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover items such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that revenue margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally 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 agreements with suppliers that should be fulfilled or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract brand-new customers? Many times, businesses have repeat consumers, which create the core of their day-to-day profits. Particular factors such as new competition sprouting up around the location, roadway building and construction, as well as staff turn over can impact repeat customers as well as adversely influence future incomes. One crucial thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the greater the chance to develop a returning client base. A final thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood average home income influence future revenue potential?