Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 09-16-2012, 07:25 PM
jegoodri's Avatar
jegoodri jegoodri is offline
LawnSite Member
 
Join Date: Dec 2010
Location: Bloomington, IN
Posts: 46
When and how should I sell the business?

I'm considering selling my small one truck and trailer gig. What is the best way to sell and how do you put a value on your accounts?
Reply With Quote
  #2  
Old 09-16-2012, 07:28 PM
Duekster Duekster is offline
LawnSite Fanatic
 
Join Date: Jan 2007
Location: DFW, TX
Posts: 7,971
contracts / no contract? You staying on for the transition?

EQ and accounts are often sold seperate
Reply With Quote
  #3  
Old 09-17-2012, 07:18 AM
wbw's Avatar
wbw wbw is online now
LawnSite Platinum Member
 
Join Date: Oct 2004
Location: houston tx
Posts: 4,244
Are you profitable?
Posted via Mobile Device
Reply With Quote
  #4  
Old 09-18-2012, 01:47 PM
32vld 32vld is offline
LawnSite Gold Member
 
Join Date: Feb 2011
Location: LI NY
Posts: 3,190
A truck that is 5 years away from being eligible for historical plates. Then is the trailer and other stuff is just as old not much value.

Accounts with years left on them vs people to free to jump ship. Accounts worth can only be based on their guaranteed future income. No guaranteed income no worth.

Are you willing to sign a no compete contract and not restart a LC business and not work for another LC business. If not then you greatly lowered the value of the business.

Example: Can't claim business made $50,000 when IRS was told you made $25,000. Too many people have told this lie to sell their business for more then it was worth.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 01:22 PM.

Page generated in 0.06795 seconds with 7 queries