Are you considering selling your lawn or landscaping business? Landscaping services reported 78 billion dollars in revenue in 2016. 80% of contractors described the industry as very healthy. Despite an intense year full of forest fires and hurricanes, 86% of all new, old, large and small landscaping businesses across the United States turned a profit in 2016. Between the landscaping industry’s steady growth over the past years and the fact that it is expected to continue to strengthen, there are many factors driving interest in owning a landscaping or lawn business. But, before you list your business for sale, there are many important factors to consider and steps to take.
- Is your business ready to be sold?
Is your business in a good position to be sold as it currently is? It’s imperative that your business is in good financial shape and maintains accurate and updated records at the time of sale. Once you decide to sell your business, you will be faced with some competition. Help your business stand out from the rest by organizing and preparing yourself the best you can as soon as you can.
- Prepare to impress
Ensuring that your business impresses potential buyers is critical to the success of the sale. Create competition amongst potential buyers by updating vehicles and tools, and by differentiating yourself from the competition. Showcase your unique qualities and show buyers why they should be interested in buying your company.
- Determining listing price
Another important factor to consider while preparing to sell your lawn or landscaping business is determining your listing price. The listing price should be decided upon after a thorough and proper business valuation is conducted on your business. Only a qualified business broker experienced with selling lawn and landscaping businesses should be entrusted with conducting a business valuation. Factors such as the local market, location and assets all contribute to the value of a business; make sure you know the true value of your business before naming a listing price.
You have likely invested years in growing your business, make sure you don’t rush to sell it without taking the time to prepare your documents and do your research. You don’t have to figure this out on your own.
Make sure you are properly prepared to sell your lawn or landscaping business by contacting the experts at Transworld Business Advisors of Houston today. We have successfully sold countless businesses and are the most experienced business brokers in the Houston area. Call us today to find out what we can do to help you through the process of selling your lawn or landscaping business in the Houston area.