osc
11-11-2000, 08:48 PM
Today I went to buy a lawn care co. in a large market in central Ohio. You might say this area is lawn and landscape Mecca. The price was right at 12% of the yearly account revenues and the owner wanted paid as I cut with no money down. So I figure, how could I lose? He promised the every one of the 15 accounts was obscenely priced and the yearly was around 100K. And I don't pay untill I work, where do I sign?
He ends up showing me a handful of residentials at $35.00 each and one apartment complex at $525.00 that would take 3 men all day to cut. I look at him and say, "How do you squeeze 100k out of this?". Maybe there was 30k there and some landscaping but it's 1 hour plus from home plate and the travel time just wasn't worth the headache so we parted ways as I wished him luck.
The thing is that maybe $100 in the sticks is worth more than $150.00 in the big city, especially if you live in the sticks. It took us 30 minutes to wade through traffic and get from stop to stop. The pain in the butt factor was very high. I know that my market will not bare the pricing of a large market but the tide is turning as I bump every chance I get and my expenses are probably lower than average.
At any rate, this hillbilly will stay in the sticks for now.
He ends up showing me a handful of residentials at $35.00 each and one apartment complex at $525.00 that would take 3 men all day to cut. I look at him and say, "How do you squeeze 100k out of this?". Maybe there was 30k there and some landscaping but it's 1 hour plus from home plate and the travel time just wasn't worth the headache so we parted ways as I wished him luck.
The thing is that maybe $100 in the sticks is worth more than $150.00 in the big city, especially if you live in the sticks. It took us 30 minutes to wade through traffic and get from stop to stop. The pain in the butt factor was very high. I know that my market will not bare the pricing of a large market but the tide is turning as I bump every chance I get and my expenses are probably lower than average.
At any rate, this hillbilly will stay in the sticks for now.