Listing ID: 83420
**July 2021 Update – This business is experiencing EXPLOSIVE GROWTH and is on target to exceed 2020’s yearly revenues in the next two weeks!
This humane wildlife removal, pest control and small construction (mostly animal damage related repairs) business servicing the entire state, has been successfully operating for 7 years. The demand for pest control services has only grown in the pandemic here in Maine, as restaurants closed in the larger towns and cities, pests were forced to seek food in more rural areas of the state creating problems for home and business owners in more areas of the state. With very limited competition, high caliber contracts and a strong relationship with the state biologist, this company continues to grow year after year and could easily be expanded by hiring additional staff and/or by opening other locations around the state. Owners are willing to stay on for a period of time to train new owner and staff in the highly specialized techniques of ethical and humane wildlife removal and pest control, so that you feel prepared for any scenario you encounter in your day-to-day work. This essential business has proven to be both recession and pandemic proof. The need for wildlife & pest control services isn’t going anywhere as animal and pest populations continue grow. Animals and Pests are clearly here to stay!!
Down Payment: $0
Sellers Discretionary Earnings: $105,000
Total Sales: $335,000
Location: North of Portland
Year Established: 2015
Reason for Selling: Wants to free up time for family & other business ventures
Category: Pest Control
- Asking Price: $800,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Wants more time with family and for other business ventures
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. Nonetheless, the genuine reason vs the one they tell you might be 2 entirely different things. As an example, they might say "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competition, recent decrease in earnings, or an array of other factors. This is why it is extremely essential that you not count totally on a vendor's word, however instead, make use of the vendor's solution together with your general due diligence. This will paint a more practical image of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover things such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that profit margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back 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 need to be fulfilled or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new consumers? Often times, businesses have repeat customers, which form the core of their daily earnings. Specific aspects such as brand-new competitors sprouting up around the location, road building and construction, and also personnel turn over can affect repeat clients and negatively affect future earnings. 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 highway? Obviously, the more individuals that see the business often, the better the chance to develop a returning client base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood average home income effect future income potential?