Not sure if good idea

[Mike (MLC)]

Today I had a local lawn service call me. The owner of the business is looking to sell out do to health issues. He wants to sell everything, equipment and customers. I am not interested in the equipment because I have plenty. He has a small clientele around 30 lawns. He told me that he brings in about $25,000-$30,000/yr on these yards. He thought that selling the clientele part for $10,000 was a good price, but I'm not sure. The catch is that he doesn't have any contracts with these people. So you could pay $10,000 for everyone to say they don't want you to cut their yard. I think that I can throw a few other options to the guy, but I am not sure how to go about this. I would love to pick up some of his clients, because they are in very high profile neighborhoods. Any advice??

[gusbuster]

Why not buy it as long as you do a contract for purchase that states any and I mean any loss of client, a certain percentage is returned to you and do it over a 3 month payment plan. ALSO, GET A NON COMPETE CLAUSE FOR 3 TO 5 YEARS AS A CONDITION OF SALE.

I had a friend who bought 40 clients from a person since he was going back to his homeland. He came back after 2 years, called back all 40 clients, said he was back and took away more than 30 from my friend.

Good Luck!

John

[Atlantic Lawn]

Gotta have one of those, and it must be written by an attorney or paralegal to get the correct wording.