Listing ID: 82608
Business Overview
Solomon Landscaping is a well established sprinkler service business that has been in business for 32 years. Our specialty is sprinkler service, including starts-up, upgrades, repairs, diagnosing problems, and winterization of sprinkler systems. We also install and service high end 12-volt landscape lighting systems. At this point in time, we work with 300+ repeat customers. For a new owner, there is the potential to add additional revenue streams including landscaping, landscape maintenance, sprinkler installation, lawn service (mowing, fertilizing, chemical application, etc.), and snow removal.
Our ideal buyer would be someone who is self-motivated, personable, and willing to put in the time to go the extra mile, even when your super busy. I would be important for a buyer to have experience starting up sprinkler systems, repairing sprinkler problems and winterizing sprinkler systems. Someone that has some experience in 12-volt outdoor lighting systems would be a big bonus.
In order to be successful in the sprinkler business, you not only have to be willing to work hard, but also willing to learn new things. If you know how to build relationships with your customers, be willing to learn new things to solve sprinkler problems and enjoy working with your hands, you can do quite well in this business.
The best part of this business is the customers, the self-satisfaction of solving and repairing sprinkler systems that no one else can, fairly low overhead and most of the time not having to do any bids!
If you have any experience installing and maintaining sprinkler systems, we look forward to talking to you.
Financial
- Asking Price: $67,000
- Cash Flow: $67,000
- Gross Revenue: $87,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1989
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:1
- Furniture, Fixtures and Equipment:N/A
The beautiful part of being in the sprinkler repair business is that the overhead is very low since you don't need a facility and are always out and about working in people's beautiful back yards.
Seller will require buyer to have sprinkler repair experience, but will make introductions to key clients to ensure a smooth transition
Retirement
Additional Info
The business was established in 1989, making the business 33 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell companies. Nonetheless, the genuine factor and the one they tell you might be 2 absolutely different things. As an example, they may say "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a variety of various other factors. This is why it is extremely essential that you not rely entirely on a seller's word, yet rather, use the vendor's answer combined with your overall due diligence. This will paint a more reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover things like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that profit margins are too thin. Many organisations fall under 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 might have existing contracts with vendors that should be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new clients? Often times, companies have repeat consumers, which develop the core of their everyday revenues. Specific variables such as brand-new competitors sprouting up around the location, roadway building and construction, and employee turn over can affect repeat clients and also adversely affect future revenues. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the better the possibility to develop a returning consumer base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional typical family earnings effect future revenue prospects?
