Originally Posted by LwnmwrMan22
Your equipment is worth about $10,000... truck, trailer, EVERYTHING, top price.
That would mean your business is probably worth about... $10,000.
You say you have revenue of $2700 / week, for 26 weeks. That's roughly $70,000 per year. At a 25% profit, you'd be netting around $17,500 but you say you will make $45,000 after all is said and done.
At best, you MIGHT get $20,000.
Where does 25% come from? We have income tax and sales tax and a number of overhead costs but the net profit far exceeds 25% with the limited drive time of this business ( it costs us $125 a week in gas and we are billing out $2700) It is more like 50-60% profit. I would even mow with the new owner for a month to get them off to the right track with the new owners.