Listing ID: 72850
The firm offers an extensive array of services including landscape design, site master planning, site design, urban design, grant applications, irrigation, construction administration, construction documents, and graphics. This company has won multiple design awards in its industry and has contracts with businesses, state, education, and city governments.
- Asking Price: $500,000
- Cash Flow: $228,046
- Gross Revenue: $415,810
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1999
- 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
Leased office space
The owner will provide training as needed and will consider staying on as a consultant. Another minority owner will consider staying on as an employee.
Contracts with state and local governments and well known in commercial space. Revenue is increasing YOY.
This Business Is An Established Franchise
The venture was established in 1999, making the business 23 years old.
The company has 1 employees and is located in a building with estimated square footage of N/A sq ft.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. Nevertheless, the genuine factor and the one they tell you might be 2 totally different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent decrease in profits, or a variety of various other reasons. This is why it is very crucial that you not depend absolutely on a seller's word, however rather, utilize the vendor's response in conjunction with your total due diligence. This will paint a much more practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many businesses take out loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that earnings margins are too thin. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in new customers? Often times, businesses have repeat customers, which form the core of their daily profits. Certain elements such as new competition growing up around the location, road building and construction, as well as staff turnover can influence repeat consumers and also adversely affect future incomes. One important thing 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? Certainly, the more people that see the business often, the greater the chance to develop a returning customer base. A last thought is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood median home income influence future earnings prospects?