Residential and Commercial Lawncare Services
Listing DetailsOffice ID: LAWN1
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $725,000
Gross Revenue: $690,400
Cash Flow: $212,500
Inventory Included: No
FF&E Included: No
Down Payment: $362,500
Sales Structure: Asset Sale
Financing/Terms:Seller will consider significant owner financing based upon total transaction value.
Reason for Sale:Owner has multiple business interests and is looking to simplify.
Training:The franchiser requires that the buyer complete franchisee training at corporate prior to purchase approval. The training is at buyers expense.
OperationsYear Established: 2002
Last Acquired: 2010
Form of Ownership: C Corp
Employees (full-time): 1
Business Hours: 7AM - 5PM Monday - Friday
Business Description:Customized Lawn Fertilization, Weed Control, Tree and Shrub Care and other yard services.
Historical Summary:This franchise was purchased in 2002 and has seen substantial growth despite recent economic conditions. The franchise territory consists largely of Wake County, one of the most sought after regions in the country. Buyer will benefit from long-term knowledgeable employees, up to date equipment, an attractive territory, and solid positive cash flow.
Owner Qualifications:Owner must possess operational experience including general marketing, accounting, employee and client management, and have a positive, supportive management style.
Competition:Clients have multiple options in service providers among independents and franchises as well as do-it-yourselfers. This companies clients are loyal with low cancellation rates and extremely low bad debt. This business is recognized as an industry leader and is well positioned in the competitive marketplace.
Potential Growth:Continued growth of the business is achievable via: Increasing the ratio of Residential to Commercial clients; Business owner taking a more hands on approach to day to day activity; promoting additional services such as tree & shrub care, insect and disease controls; as well as over seeding.
LocationReal Estate for Sale: Yes
Option: 3 year
Monthly Rent: $700
Square Footage: 1200
Warehouse with light office centrally located to most points in the Triangle. Near the intersection of I 540 & HWY 70.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current As Of: Jul 23, 2013 / 2:17 PM