Originally posted by John Allin
"fair market value" of mowing equipment is what it would go for at auction, not on a showroom floor
John, does that fall in where I keep saying, "Value is only in the eyes of the beholder"?
Only buy used equipment like this when you know you can turn it fast. Meaning if you had to buy it to make the deal, you need to beable to sell it fast if you don't need it.
I have bought a few LCO's and made up for buying the accounts off reselling the equipment.
Remember you are the buyer, you have more control over the sale. You tell him what "you" want to do and how to do it.
No bank will give a loan for this, so there is not much of a market to purchace Lawn Care Companies.
Like John and I said in a way, make him finace the deal.