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  #1  
Old 12-18-2012, 10:15 PM
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sticklelm sticklelm is offline
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Join Date: Dec 2012
Location: Hampton, VA
Posts: 279
How much profit did you make your first year?

Im trying to get an idea of how much net profit you guys made your first season providing lawn and landscape maintenance. Before i began this business, i hadnt touched a push mower ever lol. Any of you got any numbers on what you profited?

Last edited by sticklelm; 12-18-2012 at 10:19 PM.
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  #2  
Old 12-19-2012, 11:09 AM
caseysmowing caseysmowing is online now
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Location: Staunton VA
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Part time I grossed 23,000. Profit I'd say -17,000. I have not added up all my expenses yet. I'm guessing 40,000 counting equipment and fuel. I already had a truck. I'm guessing I'll have one more year before I have to pay any income tax unless I buy another truck. Everything is paid off except for my cheetah I have one more year on it then everything will be paid off. (2 years 0%) My goal for next year is to gross 35,000 which I think is very doable.
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Cheetah 61in 34hp
Vride 48in 24hp
SFW 36in 16hp
Wright Stander RH 52in 19hp
Trac vac loaders and bagger
Billygoat 1302sp blower
Stihl handhelds
2003 GMC C4500 14ft dump
1998 Chevy 1500 Z71 with 8ft EZ dumper
2003 GMC W3500 18ft box cabover
6.5x12 landscape trailer
Jrco leaf plow
Part time for now and solo for now.
Third year!
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  #3  
Old 12-19-2012, 11:21 AM
Darryl G Darryl G is offline
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I showed a loss for my first couple of years, on paper anyway, which I was actually happy about. I didn't take a dime out of my business the first year. I was building my business and didn't really need the income at the time.

There's always that choice you have to make between drawing money off of the business and reinvesting it. I think the reason a lot of start-ups fail is because they siphon too much money off rather than investing in the future of their business.
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Old 12-19-2012, 11:53 AM
caseysmowing caseysmowing is online now
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Location: Staunton VA
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Quote:
Originally Posted by Darryl G View Post
I showed a loss for my first couple of years, on paper anyway, which I was actually happy about. I didn't take a dime out of my business the first year. I was building my business and didn't really need the income at the time.

There's always that choice you have to make between drawing money off of the business and reinvesting it. I think the reason a lot of start-ups fail is because they siphon too much money off rather than investing in the future of their business.
That is what I'm doing right now. I don't need the money. I just want to have everything I need so when I go full time I won't need to buy anything really.
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Cheetah 61in 34hp
Vride 48in 24hp
SFW 36in 16hp
Wright Stander RH 52in 19hp
Trac vac loaders and bagger
Billygoat 1302sp blower
Stihl handhelds
2003 GMC C4500 14ft dump
1998 Chevy 1500 Z71 with 8ft EZ dumper
2003 GMC W3500 18ft box cabover
6.5x12 landscape trailer
Jrco leaf plow
Part time for now and solo for now.
Third year!
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  #5  
Old 12-19-2012, 11:59 AM
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sticklelm sticklelm is offline
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Join Date: Dec 2012
Location: Hampton, VA
Posts: 279
yea netted in around 17-19k this year and i've put just about every dime back into the business as well with equipment. now that i've got the majority of my inventory covered, next year i'll put it more towards marketing the first half of the year and see if i can build on that. my biggest purchase was my 16ft enclosed i got from a factory in georgia and it was custom built inside and out very nicely for 5,300 and some change. im really hoping to triple my client base next year but i may have to accept bi weekly customers... although i'll market for weekly for the most part.
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  #6  
Old 12-19-2012, 12:06 PM
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jrs.landscaping jrs.landscaping is online now
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Join Date: Mar 2012
Location: Maine
Posts: 2,314
-5k the first year, -2.5k second year and year three I broke even
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Old 12-19-2012, 02:43 PM
ef200098 ef200098 is offline
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Join Date: Jul 2010
Location: Saint Louis
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-8k first year. net 10k second year, but was grossing 40- dumping alot back into the business.. 3rd year i was making a liveable salary. Steady growth every year after.
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  #8  
Old 12-19-2012, 04:09 PM
Darryl G Darryl G is offline
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OK, I'm at my other computer now, the one with my books on it. 2002 was Year 1 $3,500 net, year 2 $11,500 net, year 3 $23,000 net. That's just gross income minus expenses. As I recall, the first two years were a loss though as far as income tax goes...after depreciation and other adjustments. I was kind of bummed when I had to start paying taxes on my income in my third year, lol.
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  #9  
Old 12-20-2012, 01:40 PM
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RSK Property Maintenance RSK Property Maintenance is offline
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Location: Manchester,CT
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First year i profited -1,700, so it was loss, i put 17000 on the books and between buying a truck, and other expenses it was a loss, this year i had 45000 in expenses, but put alot more then that on the books so i ill have to pay in the spring time. Probably close to 30k in profit, and i invested alot back in to the business so next year there won't be much to buy.
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  #10  
Old 12-21-2012, 11:38 AM
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CNYScapes CNYScapes is online now
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Join Date: Mar 2003
Location: very cold place
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In the beginning I would spend as much as you can afford on advertising. Remember they cant call you if they dont know you exist.

To answer the original question, I didnt profit very much my first year because I was buying equipment and spending money on ads, flyers.
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