View Single Post
  #2  
Old 01-26-2013, 09:27 AM
djagusch djagusch is online now
LawnSite Gold Member
 
Join Date: Mar 2006
Location: MN
Posts: 3,477
What was the approximate gross and net? Number of accounts? Contracts?

I bought/took over a 3 yr old llc. if you pm me ill share details. But equipment is worth what's it worth. 3yrs and established doesn't go together in my eyes unless I missing something. You won't get much for the blue sky portion. Accounts you will get some but only 3yrs from experience won't make them super loyal.

I would set it up so you get paid upfront for equipment. Then a % of gross sales to $xxxx amount. Depending on how many accounts stay you get paid off quicker, it also let's the new owner shed the bad accounts without paying for them. He maybe willing to pay more since it is a percentage of sales not blue sky.
Posted via Mobile Device
Reply With Quote
 
Page generated in 0.03959 seconds with 7 queries