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  #11  
Old 09-14-2011, 07:33 PM
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willretire@40 willretire@40 is offline
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Looks like $30k to me. Problem is you have to find someone big enough to add this work to their route. A new guy proably would not be able to handle that.
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  #12  
Old 09-14-2011, 07:34 PM
williams lcm williams lcm is offline
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What will you be doing when the business sells? It will be hard to make that money again. I know in your next job you will not want to make less. Let us know. I like to see ideas on what else is out their that makes good money besides cutting grass.
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  #13  
Old 09-14-2011, 09:12 PM
DEPENDABLE LANDSCAPING DEPENDABLE LANDSCAPING is offline
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Everyone has there own idea as to what businesses are worth. The real answer is that it will be worth what a particular person will pay for it.
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  #14  
Old 09-14-2011, 09:24 PM
SouthSide Cutter SouthSide Cutter is offline
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You might be a DA for asking a high price but there may be a DA that will pay it. My dad said it always took two.
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  #15  
Old 09-14-2011, 09:26 PM
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Kelly's Landscaping Kelly's Landscaping is offline
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The lawn income you list comes out to 2300 and change per week the other bit I don't know where its coming from. So if this was in my area and you are making over 50 an hour mowing your 93 accounts Id consider paying you 10,000 for the accounts. As for the rest of your stuff I wouldn't be interested at all rather take my money and buy brand new then take a chance on used. But that doesn't mean you cant sell that stuff off separately.

To some they would think I am over paying for the accounts but I look at the labor and time involved in landing them all. To others it may seem I'm low but there is a point when its cheaper to just advertize like crazy and get the accounts on your own. For 10k I can get close to 93 new accounts from advertizing but its always easier to take over ones already under contract.
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  #16  
Old 09-14-2011, 09:33 PM
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supercuts supercuts is offline
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Quote:
Originally Posted by greenstatelc View Post
Where does 25% come from? We have income tax and sales tax and a number of overhead costs but the net profit far exceeds 25% with the limited drive time of this business ( it costs us $125 a week in gas and we are billing out $2700) It is more like 50-60% profit. I would even mow with the new owner for a month to get them off to the right track with the new owners.
figure right off the top 33% goes to income tax....at least here in CT so your 60% is already nearly out the window. repairs, supplies, equipment replacement, insurance, etc. you don't mention employees either. payroll, Workman's comp..... do you really know your true operating cost? I know about where mine are but even I dont know 100%. the 25% figure he gave is a ballpark figure that most businesses try to achieve. mine is lower. most are. health insurance companies are only around 4% but still generate ridiculous amounts of money. its worth what you can get for it. contact your accountant if you pay taxes and have one, see what he thinks or if he can point you in the right direction
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  #17  
Old 09-14-2011, 10:51 PM
h2oskier h2oskier is offline
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Location: San Angelo Tx.
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Quote:
Originally Posted by DEPENDABLE LANDSCAPING View Post
Everyone has there own idea as to what businesses are worth. The real answer is that it will be worth what a particular person will pay for it.
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BINGO we have the correct answer.
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  #18  
Old 09-15-2011, 05:59 PM
Will P.C. Will P.C. is online now
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That seems like a nice little set up with everything being so close and a decent number of accounts. I would think twice about selling it as your probably do not have any of skills/education being 2 and running a mowing business your whole life. Jobs are hard as hell to come by now.
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  #19  
Old 09-15-2011, 07:00 PM
ACA L&L's Avatar
ACA L&L ACA L&L is offline
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Location: Albuqueruqe NM
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Gross sales plus fair value of equipment, thats a starting point. dont under sell your hard work. Call a broker that sells business's, they will give you the answers that will work for you. Im sure you can find one that has sold a lawn company or two. Im selling mine right now, we goross over 250k a year have over 50k in equipment and all the contracts, office stuff, billing, website, phone, all you need to do is pay attention and start making 20k a month, or you can start out with a debt of 30k and 5 customers and start selling your butt off for the next 10 years and then when you get to makng 250k you will be burnt out like i am.....id rather semi retire and pay someone to run it for me.....that will keep a few grand a month coming in for quite a long time, but on the other hand id love to take the 250k and buy some gold stock, get a job for 10 more years retire and live happily ever after.
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  #20  
Old 09-15-2011, 07:08 PM
FoghornLeghorn FoghornLeghorn is online now
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Join Date: Feb 2010
Location: Austin, TX
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Why not just mentor someone to take your place as an "office manager/director of operations/vice president" or something along those lines and pay him a fair salary for the work?

That way you get to keep the business but you also get to relax a little and unwind from being burnt out?

Business may even pick up a ton if you can bounce back mentally and sell full time instead of always dealing with field work...
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