Listing ID: 82551
Business Overview
2.7x multiple on stable profits! Situated in the Big Bend area of the Florida Panhandle, listing provides upscale landscaping services to shopping centers, commercial property such as office complexes, and local parks. With a focus on lawn maintenance and power sweeping services among others, service contracts are minimal due to long-term relationships, however definitely possible for new ownership. With excellent customer diversity, the company has great flexibility for strategic growth inside the industry, one opportunity being municipal work. Projecting to surpass $1.2 Million by the end of this year, Total Revenues for 2021 reached $1,166,391 alongside Seller Discretionary Earnings of $255,800 and Adjusted EBITDA values of $176,013, based on an independent evaluation! As potentials to maximize customer bases through online marketing exist, current efforts utilize a Dex site and otherwise rely on backed verbal referrals from recurring clients due to superior, quality services. The company is ran remotely from home-based location and utilizes a storage facility for equipment, leased at $1,950 monthly, showing facility flexibility within the service area. Personnel of fourteen nonunion employees are most likely to remain post-sale and continue operations after the transition. Growth stunted due to seller’s preference and new ownership should have no issues taking the business to the next level!
Financial
- Asking Price: $725,000
- Cash Flow: $255,800
- Gross Revenue: $1,166,391
- EBITDA: $176,013
- FF&E: $558,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1980
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:14
- Furniture, Fixtures and Equipment:N/A
Business Started in 1980 and Acquired 1999. Run Home-Based and can be Relocatable. Holds a tenancy for storage of $1,950 per month. (Home Based)
Standard Owner Transition Period.
Approaching retirement and/or pursuing other interests.
This Business Is Home Based
Additional Info
The venture was founded in 1980, making the business 42 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. Nevertheless, the genuine reason and the one they tell you may be 2 absolutely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in incomes, or a range of various other factors. This is why it is extremely vital that you not rely completely on a vendor's word, yet instead, utilize the vendor's solution combined with your general due diligence. This will paint a much more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover points such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can suggest that profit margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new clients? Many times, businesses have repeat customers, which form the core of their day-to-day revenues. Certain factors such as brand-new competition sprouting up around the location, roadway building, and staff turn over can affect repeat consumers and adversely influence future earnings. One vital point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the greater the chance to develop a returning consumer base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Just how might the local median home income impact future income prospects?
