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fblandscape
03-20-2003, 02:03 PM
I found out through a friend the other night about 3 businesses which are going to consolidate and sell. The 3 businesses when put together would have about 230 clients. I believe about 4 or 5 employees. 85% of the lawns are under an acre in size. Most of the lawns are located within 3 towns which are all right next to eachother. There are about 30 or 40 which are located in about 2 or 3 other towns, which are not too far off. For the most part the companies are mow n' go. Not top of the line properties, while at the same time, no trailer parks. Lots of room for expansion with regards to landscaping and fert. My friend is the one who is going to be heading up the consolidation and sale from what I can tell. He is asking for roughly $150,000.00 no equipment though.

Thoughts?

TSM
03-20-2003, 02:27 PM
are you thinking of buying, or helping to sell em??

If you're helping to sell I might be interested in talking, what state?

GraZZmaZter
03-20-2003, 03:15 PM
How much does the company gross monthly. That seems quite expensive for only 230 medium-end clients. Are they all on contract? Need more details!

dfor
03-20-2003, 03:50 PM
That price seems really high to me. For $150,000, I expected you to finish up saying that in came with 2 trucks and a boatload of equipment. Just my .02 cents.

fblandscape
03-20-2003, 05:35 PM
I am really just guessing on the price. Also, I do not know what the companies gross. I do know however that none of the equipment is worth taking. Better off to just buy everything new. Also, nobody is on contracts.

Mike Bradbury
03-20-2003, 06:33 PM
you're not buying much for that kind of $$!!;)

rodfather
03-20-2003, 06:42 PM
Hummm, let's see...

230 accounts x $50 average(?) x 30 times a year = $345,000 Gross.

Those people are dreaming, especially with no equipment to go along or contracts either. I'll pass on that one, thank you.

GraZZmaZter
03-21-2003, 11:32 AM
Yeppers. That one would get the big bird from me!!

rodfather
03-21-2003, 05:41 PM
$150,000??? No way Jose...1 too many 0's here:rolleyes: :rolleyes: :rolleyes:

GraZZmaZter
03-22-2003, 02:49 PM
Rodfather

Thats funny. I though exactly the same thing the first time i read it. Is that a typo??? Too many zeros?

Than i waited for him to say it came with enough equipment to cut the state of Maryland in one day!

rodfather
03-22-2003, 04:58 PM
Nope, I don't think that's a typo...more like a pipe dream on their part, LOL.

adrianvbarrera
03-26-2003, 04:52 PM
I agree for that type of business....it might be a bit too much.
But then again the specifics of the deal are not very clear.
For all we know this person is just trying out a price to see how many of us would bite.




Adrian