Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 05-05-2002, 04:31 PM
Troy Landry Troy Landry is offline
LawnSite Member
 
Join Date: May 2002
Location: Western Wisconsin
Posts: 12
Selling a business

I'm selling a lawn care application business. What are the accounts worth?
Reply With Quote
  #2  
Old 05-05-2002, 05:04 PM
John Allin John Allin is offline
LawnSite Bronze Member
 
Join Date: Sep 2000
Location: Erie, PA
Posts: 1,489
Whatever someone else is willing to pay for them.....
Reply With Quote
  #3  
Old 05-06-2002, 08:33 AM
65hoss's Avatar
65hoss 65hoss is offline
LawnSite Fanatic
 
Join Date: Sep 2000
Location: Memphis, TN
Posts: 6,360
Almost as bad as "I'm starting, what should I do?".

__________________
Reply With Quote
  #4  
Old 05-06-2002, 08:41 AM
Russo Russo is offline
LawnSite Senior Member
 
Join Date: Mar 2002
Location: Tennessee
Posts: 287
There are many ways to calculate this. The best thing to do is find a broker. Sort of like a real estate agent for businesses. Get some professional help if your busines has any value.

Good Luck.
__________________
IF YOU AIM AT NOTHING, YOU'LL HIT IT EVERY TIME. Zig Zigler
Reply With Quote
  #5  
Old 05-06-2002, 12:23 PM
greenngrow's Avatar
greenngrow greenngrow is offline
LawnSite Senior Member
 
Join Date: Feb 2000
Location: Central Kentucky
Posts: 405
Question????
Are you selling only the accounts. Or you selling equipment and accounts.

The accounts normally run .50 on the dollar. The equipment is another factor. It depends on how old and the condition.

Good luck
__________________
GREEN-N-GROW Landscape Solutions

MARK DOUGLAS
Reply With Quote
  #6  
Old 05-06-2002, 04:44 PM
Dennis E. Dennis E. is offline
LawnSite Senior Member
 
Join Date: May 2002
Location: Mulberry,Fl.
Posts: 349
Greengrow is right...

50 cents on the dollar is a good place to start. How long have you had the accounts? Commercial or residential? Or a mix?
Equipment included? How old?
On contracts?
Don't give it away. I made that mistake years back. Stay away from brokers! They'll rape you. You should be able to find the info you need to sell without getting a broker involved.
Take your time. It's your business.
Reply With Quote
  #7  
Old 05-06-2002, 09:34 PM
Kent Lawns Kent Lawns is offline
LawnSite Senior Member
 
Join Date: Jan 2000
Location: Midwest
Posts: 870
Give us the info:

How many accounts.
What are the proximity to each other?
Average length of time you've served these customers.
Will the company name transfer?
How much are you charging compared to your competition?(Cheap lawns are easy to get.)
Will the current owned stay on board?
Do they all receive full programs?
etc., etc.




50%-100% of the annual revenues are typical depending on the above factors.
Reply With Quote
  #8  
Old 05-20-2002, 07:55 PM
smburgess's Avatar
smburgess smburgess is offline
LawnSite Senior Member
 
Join Date: Dec 1999
Location: Richmond, Virginia
Posts: 469
I'd say NOT MUCH. I've bought a few lawn maintenance companies, and the accounts themselves played little in the price or the decisions. Equipment is what sells the accounts.

Good Luck....you may find someone willing to take a "chance".
__________________
Steve
Richmond, Virginia
Reply With Quote
  #9  
Old 05-22-2002, 12:15 AM
LAWNGODFATHER LAWNGODFATHER is offline
LawnSite Fanatic
 
Join Date: May 2001
Location: St. Louis, Missouri Gateway to the west
Posts: 6,750
Quote:
Originally posted by John Allin
Whatever someone else is willing to pay for them.....
50 cents

Hey John I'll give 25 cent you give the other 25 cents and we can expand to WI.
Reply With Quote
  #10  
Old 05-22-2002, 01:53 AM
Phishook's Avatar
Phishook Phishook is offline
LawnSite Bronze Member
 
Join Date: Dec 2001
Posts: 1,143
I gave $1000 for 25 weekly mowing accounts grossing 37K/yr.

not all stayed with me, but well worth it.

I've heard 10-12 % annual gross income. pluss equipment.
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 01:53 AM.

Page generated in 0.10426 seconds with 9 queries