View Full Version : Buying/Selling Business
02-24-2006, 05:45 PM
I'm sure this is commonly discussed on this site, but I couldn't seem to find anything by searching. I wanted to know if there is a standard for pricing the sale or purchase of a maintenance business? Does anyone know a good internet site dealing with this?
02-26-2006, 09:13 AM
Nothing, huh!? It sure would be nice if I could get a little help here. I'm sure with the quantity and quality of the people frequenting this site, someone knows a generally accepted starting point for the purchase or sale of a business. Thanks for any input.
02-27-2006, 04:35 PM
You guys are killin' me!?:cry:
02-27-2006, 04:38 PM
not sure, sorry!!!!
02-27-2006, 04:51 PM
Patience,lol We just bought out a business a few weeks ago. We bought the equipment and customer list. A lot of guys will tell you they won't pay for any type of list, but when its the only way the seller will sell its kinda hard not to. I only paid for this list because his customers have been with him for years and years. The list consists of 60% res. and 40% commercial accounts. These accounts both,res. and commercial also have spring clean ups to mulch, hedge trimming etc. they seem to spend money, not like most customers who only want mowing. Look at the sellers books, see what they brought in over the past couple of years. See if his customers are loyal or are there a lot of one year type. If its equipment, just look at it, is it in decent shape, is it equipment you can use or not. Get book value on all the equipment. We didn't pay more than a months worth of mowing for the list and we bought the equipment for a great price. If its worth buying, cash is a good tool to lower their price. We knocked off $300.00 from his price. IMHO, if he is serious about selling and they are good customers with nice lawns he will (should) have no problem writting a letter to his former customers.
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