Business Overview

Great opportunity for a competitor or someone looking to buy a 25 year established landscaping business in a busy Will County IL location. This is an established full service landscaping and snow plow company. The equipment is stored indoors and is well maintained. This company stays local and about 98% of customers are within 7 miles of the office. With a $450,000 sales price with $250,000 in well taken care of equipment, this is a great opportunity.

The client has a diverse customer base and contracts. Some of his clients include schools, churches, industrial companies, retail, etc. This purchase comes with a seasoned staff. The company currently has over 175 customers. Of which approximately 65% are commercial customers and 35% are retail customers. Client has a marketing list of 2500 people who the company has done work for. This area is ripe for consolidation and there is plenty of room to grow this company.

The owners role has been mostly sales and bookkeeping the past several years. His staff does the rest. This is a turnkey operation. Client currently has 8 employees but will hire to as many as 15 during the business season. Pay ranges from $15 to $27 per hour.
During the busy season:
Company typically will have 7 to 8 mowers. Most make around $15 per hour.
Landscapers typically have at least 6. They make between $15 and $27 per hour based on experienced.
They have 2 full time managers. 1 takes care of the maintenance workers side the other overseas both operations.
Currently owner is involved in the sales and customer service.

This business is priced right at $450,000 with equipment and inventory estimated value of $250,000.

The owner is experiencing some health issues and wishes to retire.

The real estate is also listed by owner with an asking price of $425,000. Leasing is also an option with a monthly lease price of $4,250 per month.

Financial

  • Asking Price: $450,000
  • Cash Flow: N/A
  • Gross Revenue: $602,000
  • EBITDA: N/A
  • FF&E: $250,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1996

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:6,000
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Owner currently owns the real estate. Lease rate and purchase price is negotiable.

Is Support & Training Included:

Client will stay on to support for 30 days.

Purpose For Selling:

Health Issues/Retirement

Pros and Cons:

Plenty of room for growth. This is only being sold due to the owners health issues. Will County has plenty of competition. However, this company has a great reputation with a seasoned staff. Great room for growth. Great location with high visibility. Clients current mix of business consists of 65% commercial and 35% residential.

Opportunities and Growth:

Great room for growth and expansion. This Will County area is ripe for consolidation. Competition.

Additional Info

The business was established in 1996, making the business 26 years old.

The company has 8 employees and is located in a building with disclosed square footage of 6,000 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell companies. However, the real reason and the one they tell you may be 2 completely different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competition, current decrease in earnings, or a range of other reasons. This is why it is really important that you not count absolutely on a vendor's word, however rather, utilize the vendor's solution along with your overall due diligence. This will repaint an extra realistic picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that earnings margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be satisfied or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new consumers? Most times, companies have repeat clients, which create the core of their everyday revenues. Particular variables such as new competition sprouting up around the location, road building and construction, and also staff turnover can affect repeat customers and negatively affect future profits. One important thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the higher the opportunity to develop a returning consumer base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the local median home earnings influence future income potential?