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.
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 with 6.0 gas
Hustler X-one 60"
Toro Proline 36" wb w/t-bar controls
JS46 22" walk-behind $500 piece of $h!t, don't buy one
Shindaiwa T254, Echo trimmers, chainsaws, pole hedge trimmer, pole saw, hedge trimmer
Shindaiwa 633 and Husqvarna 130BT blower