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Old 08-20-2012, 01:52 PM
Raymond S. Raymond S. is offline
LawnSite Senior Member
 
Join Date: Jun 2006
Location: Michigan
Posts: 919
If you pay 1.5 times gross you will be working longer than 1.5 yrs for free. You have to calculate material costs as well. I haven't read the whole thread to know exact numbers but...for example. $50k gross, you pay $75k. If there's $20k in materials he's making $30k. It's going to take 2.5 years until you're back to making money again. It's not as easy as buying mowing accounts.
For the record, I bought out about $70k gross income in fert accounts plus Z-spray and enclosed trailer for $35k. I'll be making money after the 4th round this year.
Hope this helps you out a little
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