View Single Post
  #39  
Old 02-16-2013, 05:23 PM
CowboysLawnCareDelaware's Avatar
CowboysLawnCareDelaware CowboysLawnCareDelaware is offline
LawnSite Senior Member
 
Join Date: Nov 2012
Location: DE
Posts: 481
I tried to buy a second company this offseason today, but it's currently a no go for now.

He was asking $160,000, he had $20,000-$30,000 in equipment and will continue to do approximately $2,100 per week in the season. It would take 3 years to break even, maybe longer due to expenses for each season.

I offered $25,000 for the equipment, even though I felt it was only worth $20,000. As well as 2 months income from the company which would be another $19,000.

He declined, saying that he wasn't planning on going below $140,000. He will not be continuing due to health so he must sell, so I told him to call me in mid-March (knowing that he wasn't going to get a better deal).

The only reason I did offer as much as I did was because I will need to buy a couple larger mowers anyway.

-Michael
__________________
There is an Old Blue Chair for each and every one of us, we just have to find it.


2006 GMC Sierra 2500hd crew cab
BOSS 8'2" Power V
Hustler X-one 60"
Toro Proline 36" wb w/t-bar controls
Toro 22"
Shindaiwa T254, Echo trimmers, chainsaws, pole hedge trimmer, pole saw, hedge trimmer
Shindaiwa 633 and Echo 760LN
Reply With Quote
 
Page generated in 0.04343 seconds with 7 queries