How Do I Sell My Landscaping Business?
Do you have a landscaping business that you are considering selling? If you do, you have a tremendous opportunity in front of you. We have plenty of potential buyers who would love to buy a profitable landscaping business. We just have to convince them that yours is the one they want. What's the best way to do that?
Valuation for Landscaping Businesses
Your first step, if you want to sell your landscaping business, should be to enlist the services of a professional Business Broker with experience selling Landscaping Businesses. You may be wondering, "How can an experienced Business Broker help me figure out how to price my landscaping business?"
A professional Business Broker can take into account the intangibles beyond your assets and your debts. They can assess all of the things that go into a profitable landscaping business. Such as the number of repeat customers, the skill of your employees, the neighborhoods your company has access to, and the clients you have built long term relationships with. This can all add up to a significant number that you can use to set the price when negotiating with buyers. We sell Landscaping Businesses with annual net income (including owner's salary and benefits) of $200,000 to $5 Million.
Positioning your Landscaping Company
You want your business to be as clean as possible. We will review your financial information to present it to buyers in a way that is designed to show your true owner's income, including your perks and benefits. Any way you position your business as unique and advantageous can work in your favor. If you have maintenance services and other services that require repeat business, rather than construction landscaping, this is a benefit. Also, do you have specific areas and neighborhoods where you are the primary landscaper? We'll want to bring out the positives of your business to let buyers know they need to buy your business, rather than buy another or start their own.
Let Synergy Business Brokers Sell Your Landscaping Business
All of this may sound daunting, but it doesn't have to be, especially when you have a landscaping business sales expert like Synergy Business Brokers in your corner. We have specific experience and knowledge when it comes to selling landscaping businesses — intelligence you'll need if you want to sell fast and get the best price. We have experience selling both B2B Landscaping Companies and B2C Landscape Businesses.
Here are three brief case studies of Landscaping businesses we have sold:
Landscaping Business in Wealthy Area
(Ace Landscaping, Inc.) The seller wanted to retire and had previously hired another broker who was unable to get them the price that they were looking for. Through targeted marketing efforts, we were able to introduce multiple buyers, including large-scale Landscaping companies who were looking to expand. However, the highest offer that was acceptable to the owner came from an individual from Pennsylvania that did not have experience in Landscaping but was interested in moving back to New York and buying a NY based business. We were able to secure bank financing in which the seller only provided 10% of the price in the form of seller financing. 90% of the amount was paid at the closing with the bank providing 70% of the price and the buyer 20%.
Landscaping & Lawn Maintenance Business
(John Bauso Landscaping, Inc.) As a result of our previous experience selling Landscaping businesses, this owner was confident in our ability to represent him in the sale of his business. We were able to introduce multiple buyers and to negotiate terms that worked for both buyer and seller ultimately. The seller will stay on after the sale and be paid a consulting fee with the number of hours worked decreasing over time.
Landscaping, Snow Plowing, Paving & Irrigation Company
(LSI Services, Inc.) The business provided both B2B and B2C Services, including landscaping, paving, sprinkler systems, excavations, and retaining walls. The best offer came from an individual with a financial background that had purchased other landscaping businesses and was continuing to grow through acquisition. We introduced the buyer to one of our banking contacts, and they were able to secure bank financing to close the deal.
If you have a landscaping business in New York, New Jersey, Connecticut, Pennsylvania, Massachusetts, Texas, Louisiana, Maryland, or elsewhere, get in touch with us for a private consultation. Call us now at 888-750-5950, email us at [email protected], or fill out our form and submit it online today.