Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 01-25-2013, 10:46 PM
GSLC GSLC is offline
LawnSite Member
 
Join Date: Jan 2013
Posts: 9
How to sell lawncare company

I have an established llc lawn/landscaping company of three years. Would be selling EVERYTHING such as LLC, Business name, All equipment/Truck/ Clients etc What are how would be the best ways to sell the company to a target buyer? In the dark about this at the moment but figured you guy's would have some decent recommendations.

Thanks in advance
GSLC
Reply With Quote
  #2  
Old 01-26-2013, 08:27 AM
djagusch djagusch is online now
LawnSite Gold Member
 
Join Date: Mar 2006
Location: MN
Posts: 3,458
What was the approximate gross and net? Number of accounts? Contracts?

I bought/took over a 3 yr old llc. if you pm me ill share details. But equipment is worth what's it worth. 3yrs and established doesn't go together in my eyes unless I missing something. You won't get much for the blue sky portion. Accounts you will get some but only 3yrs from experience won't make them super loyal.

I would set it up so you get paid upfront for equipment. Then a % of gross sales to $xxxx amount. Depending on how many accounts stay you get paid off quicker, it also let's the new owner shed the bad accounts without paying for them. He maybe willing to pay more since it is a percentage of sales not blue sky.
Posted via Mobile Device
Reply With Quote
  #3  
Old 01-27-2013, 06:34 PM
jdyardworks jdyardworks is offline
LawnSite Member
 
Join Date: Jan 2010
Location: lake st. louis, mo
Posts: 9
I would post an add on craigslist and contact my competitors to see if they are interested and have the $$$. Also, I have heard the going rate for accounts is one and a half months worth of gross revenue. I would not sell unless purchaser is willing to give you all the money up front, otherwise you probably won't get they money you are hoping to get. Furthermore, to sue your purchaser if they break your % contract would be costly and most likely ineffective.
Reply With Quote
  #4  
Old 01-27-2013, 07:13 PM
ponyboy ponyboy is offline
LawnSite Bronze Member
 
Join Date: Nov 2006
Location: ny
Posts: 1,271
What is your location
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 09:00 AM.

Page generated in 0.06500 seconds with 9 queries