Business Overview

Well-respected family owned lawn care/weed control/snow removal business and equipment for sale. This business operates primarily in the Mankato, MN area.

Operated continually and successfully for well over 10 years.

Sale includes full equipment inventory and client list. Current owner is looking to retire. This is a great opportunity for a current operator to expand their business, or for a new operator to get started with everything they need!

3 Years tax returns available with signed NDA.

Financial

  • Asking Price: $175,000
  • 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
Purpose For Selling:

Owner Retiring

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell companies. However, the true reason and the one they tell you might be 2 totally different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in profits, or a variety of other factors. This is why it is extremely important that you not count entirely on a vendor's word, however instead, use the seller's response together with your total due diligence. This will repaint a much more practical image of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that earnings margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be fulfilled or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract new consumers? Often times, operating businesses have repeat clients, which develop the core of their daily revenues. Certain variables such as brand-new competition sprouting up around the area, road building and construction, and also staff turnover can affect repeat consumers as well as adversely influence future incomes. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the better the chance to develop a returning client base. A last thought is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the local average house earnings impact future earnings prospects?