Listing ID: 82402
One of a kind with all accounts within a very tight radius so it takes 2 1/2 to 3 days to mow all 100+ properties. Sale includes one gently used 2018 John Deere 960M and two John Deere 620R mowers, 4×4 wrapped truck, trailers, Z-Sprayer Fertilize Buggie and much more.
Incredibly unique one-of-a-kind business set up so the owner would be able to come to KC for three days a week and make over $100,000 in cash flow.
- Asking Price: $190,000
- Cash Flow: $100,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $60,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2012
- 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
The current owner rents two storage bays to store the bulk of his equipment
Owner will stay and transition for as long as is needed to ensure a smooth transition
Bought siblings out of another business in Nebraska.
Lots of growth because the current owner intentionally kept the business its current size so it would be manageable.
The business was established in 2012, making the business 10 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. Nonetheless, the true reason and the one they say to you might be 2 absolutely different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, current reduction in profits, or a range of various other reasons. This is why it is very essential that you not count completely on a seller's word, but instead, use the vendor's answer combined with your total due diligence. This will repaint a more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover points like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that profit margins are too thin. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new customers? Most times, operating businesses have repeat clients, which form the core of their everyday revenues. Particular variables such as brand-new competition sprouting up around the location, roadway building, and staff turn over can impact repeat clients and negatively influence future revenues. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the better the chance to develop a returning consumer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the local mean family earnings impact future revenue potential?