What are the current average sales and gross income for this route?
Currently this route grosses $265,406 in yearly sales, and after expenses nets $69,138 per year. Income documentation will be provided to all serious buyers.
How do I get paid?
The business revenue is derived from lawn care which includes: mowing, trimming, and edging, and in addition owner offers tree and bush trimming to increase revenue. Owner bills clients on a monthly basis. Payment can be received in cash, check, or credit.
How much can I make?
Lawn mowing businesses have unlimited growth potential. The yearly revenue can be increased by new accounts being established. New accounts can be established in person or by hiring a 3rd party contractor or employee to grow the business.
Can I finance a lawn business?
There is no seller financing for this route, and unfortunately banks will NOT write business loans against route based businesses for several reasons. You can review additional Financing Options Here.
What are my expenses and overhead?
Expenses include, but are not limited to: equipment repair and maintenance, fuel, cost of goods, advertising, contract labor, taxes and licenses, wages, phone, uniforms, and insurance. The current owner estimates $196,268 in operating cost/expenses per year.
What type of insurance do I need?
Typically a single owner operator of a route distributorship will need commercial insurance for their delivery vehicle and business liability insurance. Owners with multiple employees will need a multiple vehicle policy and workers’ compensation. Routes For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
What type of vehicle do I need?
The current owner services this lawn route using a 2006 Ford F-150 (220k miles) and a 2011 GMC 4-door (100K miles) which are included with the sale of the business. Estimated total value of $16,000. Common delivery vehicles used for this type of business are box trucks or trailers. When considering an additional truck purchase, Routes For Sale recommends MAG Trucks.
What type of equipment is included with this lawn business?
Equipment list includes: 2 enclosed trailers, open 8 x 18 trailer, 7 x 14 dump trailer, 2 72″ 500 series Toro, 60″ Exmart older, 60″ Exmart radius, 52″ Exmart stand-on, 48″ walk behind, old club cadet 60 walk behind, 5 hedge trimmers, 10 weedeaters, 7 backpack blowers, 3 edgers, 2 pole saws, chainsaw, sprayers, vacuum billy goat, and other miscellaneous equipment. Total estimated value of $47,500.
What is the Gross vs the Net income?
The gross income for the lawn route is $265,406 per year, minus your above mentioned operating expenses of $196,268, gives you net/cash flow of $69,138 per year.
How does the selling price of the route get determined?
To determine a business’s price, a standard formula is to multiply 1.5-2 years of the net/cash flow plus consideration of the business assets. This business is priced to sell!
Why is the owner selling?
The owner is retiring.
Where is the lawn business service area located?
Within the New Hanover County, North Carolina region.
How many customers does the lawn business have?
There are currently several accounts with multiple yards per account. A full list will be provided to serious buyers. New owner may grow the business more if desired.
Does the owner have contracts in place with customers?
This lawn business is operated with contracts. Each contract is for one-year and each current account has been under contract for at least 3 years.
How long has the seller owned the business?
The current owner has owned this business for 20 years.
How many days a week, and what hours does the owner work?
Schedules of 6 full-time and 4 part-time employees will be provided to serious buyers.
What about vacation time or personal days?
As a business owner you are responsible for servicing the route. It is our recommendation that you hire or train someone for additional time needed off. Additionally, you can network and hire relief drivers with previous route experience at RouteReliefDrivers.com. Route Relief Drivers is a nationwide network that allows independent route distributors and vacation relief drivers to connect with each other. Each party negotiates its own terms and compensation.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offers protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Be Your Own Boss with flexible hours! Unlimited growth opportunity! The Lawn mowing business is a service based business which cannot be outsourced. Unlimited growth potential with unlimited territory boundaries. It is no surprise that more people today want to do “their own thing”. Hurry this won’t last long! Priced to sell at $209,000! Contact Us About This Route Here!
How can I learn more about these type of routes?
For additional Consulting Services with one of our route specialists Request A Consultation Here.