I sold the business

[tiedeman]

After 11 years of service I finally sold the business this past week. I will however take over as manager of their lawn & landscaping department. Basically, I am going to be out in the field for the first two to four weeks training crews and everything and then after that I will be stuck in an office, doing estimates, and doing consultations.
I am very happy with this move. It gives me a lot more freedom, better job security and better finanical movement, espeically for during the winter months because I will be paid on salary.
I now don't have to worry about all the billing, taxes, paperwork, etc.

[NCSULandscaper]

Good luck with the new move and keep us posted.

[tiedeman]

Originally posted by NCSULandscaper
Good luck with the new move and keep us posted.

well thank you very much...we were in talks with the move for over 2 months and we just finalized everything this week.

[mtdman]

Congrats and good luck!

:D

[Russ]

my 5 year business plan called for selling the business in 5 years . I'm now in my 6th year and running about 5 years behind my plan. I hope the sale goes well. Good Luck

[wriken]

are you working in farwell?, good luck, maybe some of your old clients are calling me, picked up 2 over there in the last few days.

[Phishook]

Originally posted by Russ
my 5 year business plan called for selling the business in 5 years . I'm now in my 6th year and running about 5 years behind my plan. I hope the sale goes well. Good Luck

Glad I'm not the only one. I fell like I'm six years behind in my fifth year.

Selling or not. Those types of jobs do sound good sometimes.

[tiedeman]

Originally posted by wriken
are you working in farwell?, good luck, maybe some of your old clients are calling me, picked up 2 over there in the last few days.
actually all the clients come over with the the buy out. It was Elm Creek that bought me out. They are now during lawn care.

[wriken]

did your helpers go to work for Elm Creek, I might be looking for some good employee's

[heygrassman]

Congrats!!

Can you go into the generality of the purchase (without disclosing the facts of course)? I am curious if it was a purchase of assets, multiple of revenue (or EBIDTA), $$$ per customer, etc. The numbers are not my curiosity but the methodology. I too would understand if there is a non-disclosure.

Jeff

[tiedeman]

well...I know that this may sound funny..but I backed out of the acquisition. I have been receiving numerous phone calls, emails, and people stopping by my house to ask me not to make the move. Well, I decided that I would try it out for a little while...well after 5 days, I decided to still operate my business. I am lucky enough to maintain my best guy, but of course I had to offer him more because he was kind of choked at the whole situation.

So I am back up and running. I never shut down anything at all...I still kept everything running smoothly just in case the buy out didn't go through well. So I gave it a trial, and it didn't work so I am back of where I was before. So many of the customers are so happy. Actually two ladies cried because they were so happy.