View Full Version : How much $ should i get for my buisness
05-18-2005, 08:46 PM
I operate a buisness that services 43 yards on a weekly and bi weekly basis. I was wondering how much i could get for my yards, they bring in about 1350 dollars a week and i am keeping my equipment. I plan to start another buisness in auburn where i am moving for school. I would also like any opinions about keeping buisness here, and also starting one there, but trust is a big factor there.
05-18-2005, 08:54 PM
based on a 20 week mowing schedule, the buiz. brings in $27k or on a 25week schedule it brings in $33,570....
20 weeks/4 weeks (month)= 5 months....
25 weeks/4 weeks (month)= 6.25 months....
in most cases u'll get 4 - 6 weeks proceeds of what the CO. makes..... so i'de say around $5,500-$8,100 ... best bet is to be in the middle w/around $7k... but in order to get any amount of money like this u must be able to prodive written contracts w/new owners & w/customers, much like an insurance policy to show these customers are willing to at least stick w/u for 2 seasons to make it worth it.....
05-18-2005, 10:35 PM
You should be able to sell for at least 20,000. Six weeks income??????
05-19-2005, 12:00 AM
Where are you located ? We're always looking for accounts.
Check your PMs
05-19-2005, 12:03 AM
In Florida the going rate is 4-5 months gross income
05-19-2005, 02:01 AM
Is that what you've paid, ROCKYM ?
05-19-2005, 04:28 AM
I would think 2 months gross would be fair. Also as someone mentioned inorder to sell it you would have to have those accounts under contract.
05-19-2005, 08:02 AM
Tru Green came to the table for my company with dollar for dollar on my contracts. I said thanks but no thanks. So maybe contact some larger co. or growing co. I myself am looking for other co. to buy out.
05-19-2005, 11:56 AM
As one who has both bought and sold, I'll speak to standard rates. The rate has nothing to do with your weekly amount, but the profit you have generated and work under contract. Two and a half times NET(yearly) is the going rate, plus equipment and inventories. This keeps companies from purchasing a flush of sell-it-cheap-to-boost-volume-with-no-profitability schemes. If you will finance the new buyer yourself, you can dictate different terms, as long as they agree to them. Would I buy a companies clients that have only been their clients this year and their profit percentages look low? Probably not. I could just come in and market to get the same number of clients (or even those, if there is no loyalty yet) for much less money. Make the deal that you can, but keep those factors in mind.
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