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View Full Version : Who has experience buying accounts?


Lawnworks
08-28-2005, 05:05 PM
I am interested in some feedback from people/companies that have bought accounts from other LCOs. How well are you doing now? What do you think is the average retention rate? What is key to have a successful client relationship? Any info is appreciated.

J Hisch
08-28-2005, 10:07 PM
I have bought out 2 companies, one was a trun key operation including equipment they turned about 95,000 I gave them 36,000 and got 2 scag riders, 4 trimmer, 4 blowers, 18" trailer, supplies and parts the other was accounts only, roughly 85,000 gave them 15,000.00 I had no problems with keeping any accounts, they usally saw they change for the better, we offered a more stable company image. Most peope are just wanting the property taken care of and for a reasonable price.

Lawnworks
08-28-2005, 11:43 PM
Did you buy the companies outright or set up a monthly payment?