Listing ID: 80392
Business Overview
This is a fantastic property service company that provides residential and commercial lawn maintenance and landscaping services.
Even during Covid, the company increased revenue. Revenue increased 20% from 2020 to 2021. This is a growing company.
The company cuts grass and installs and maintains mulch, sod and plants.
Equipment included in the sale includes 2 box trucks, a dump trailer, 2 enclosed trailers, a bobcat, numerous mowers, a diesel work truck, and a quote truck. There’s approximately $151,000 in FF&E. Equipment is newer, not old and worn out.
They buy mulch, pine straw and pebbles in bulk and store on their property, increasing availability for customers and allowing for better profit margins.
This is a five-star rated business. They have accomplished this with pretty much zero advertising. They get calls daily.
The asking price does not include the Seller’s cash and accounts receivable. The remaining assets will be sold debt free.
There’s a lot more to tell. This is a very well-run business. Please submit inquiry to obtain a confidentiality agreement and buyer intro form to complete and return. An information package is available on this listing.
This company also operates as a cleaning service. Cleaning service accounts are available with the lawncare and landscpaping business or separate from the lawncare and landscaping business. The BizBuySell listing for the cleaning services accounts is #1927600.
Financial
- Asking Price: $550,000
- Cash Flow: $182,500
- Gross Revenue: $647,000
- EBITDA: N/A
- FF&E: $151,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2011
Detailed Information
- Property Owned or Leased:Own
- 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
Building and lot available for rent.
Training to be provided during transition period.
Retirement of one of the two owners.
Additional Info
The company was established in 2011, making the business 11 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. Nevertheless, the genuine factor and the one they say to you might be 2 completely different things. As an example, they may say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competition, recent decrease in incomes, or a range of various other factors. This is why it is very vital that you not count completely on a seller's word, but rather, use the vendor's answer in conjunction with your overall due diligence. This will repaint an extra reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering points such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that earnings margins are too tight. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be satisfied or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in new customers? Often times, businesses have repeat clients, which develop the core of their day-to-day revenues. Specific elements such as new competitors growing up around the area, road construction, and also personnel turnover can impact repeat customers and negatively affect future incomes. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the higher the chance to construct a returning customer base. A final thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood typical home income influence future earnings prospects?
