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Old 08-23-2013, 10:28 AM
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GriffinLawnService GriffinLawnService is offline
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Location: Silver Creek MS
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Buying out business

I have never looked in to buying any accounts from anyone but I was offered this option from a friend that is also in the business. His business is about twice my size (we are servicing about 80 regular accounts). With that said I am not sure what all is involved. He is just wanting what the accounts pay for a month on the business. Equipment he is going to discount well.

I was just wanting opinions on this, experience with this, do's and dont's.

Thanks again
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Old 08-23-2013, 11:50 AM
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Durabird02 Durabird02 is offline
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One month is really cheap! Sounds like a good deal, I would just be careful buying his old equipment, don't pay more than the stuff is worth or more than you could turn around and sell it for. Also, the deal needs to be setup that he gets paid based on the accounts that stay with you, you don't want to pay upfront for a bunch of accounts and then half of them drop you after the switch!
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Old 08-25-2013, 09:30 PM
JNyz JNyz is offline
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1 month is fair for both sides but I would shoot for 2.5.
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Old 08-25-2013, 10:18 PM
Roger Roger is offline
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Quote:
Originally Posted by JNyz View Post
1 month is fair for both sides but I would shoot for 2.5.
If the buyer can get the accounts for one month's revenue, why would he "shoot for 2.5?"
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Old 08-25-2013, 10:23 PM
JNyz JNyz is offline
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Because 2.5 weeks is less than 1 month.
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Old 08-25-2013, 10:27 PM
Roger Roger is offline
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Because 2.5 weeks is less than 1 month.
Sorry, the 2.5 did not have a qualifier -- assumed you remained in the "month" domain, not "weeks."
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Old 08-25-2013, 10:38 PM
JNyz JNyz is offline
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Sorry, just thought you would understand. Always offer less, you never know. It's just like bidding landscaping jobs, you throw enough **** against the wall, something will stick.
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