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  #1  
Old 06-25-2014, 07:46 AM
minx minx is offline
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Join Date: Jun 2012
Posts: 75
seeking to sell accounts or sub contract

Is their a specific section on here for this.. sorry if posted in wrong place..
just got out of hospital after a 6 month run of poor health.. need to downsize or reduce work/stress load.. dont know if subcontracting might achieve that..
I run residential and commercial in two different areas.. cant do hands on at the moment..and as everyone on here knows.. thats a recipe for disaster.. has anyone subcontracted rounds out.. how did it work.. tried to find a manager... got nowhere slow..
alternatively, could sell equipment and accounts.. asset only, kind of sale.. would suit add-ons or newbie.. had to happen in the summer...probs could have gotten by in winter.. thanks
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Old 06-25-2014, 09:03 AM
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Ric Ric is offline
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I am assuming you are talking mowing accounts. If Stress is your problem, Don't subcontract, Sell out right if you can. Subcontracting means you are still the father dealing with the Kids doing the work. The quicker you down size the better your stress level. Been there done that and I am a very happy part time one man band.

A Sweat Equity sale might be your fastest and biggest market for a quick down size. By offering sweat equity finance you open up a larger group of buyers. But selling sweat Equity will be stressful also. Sweat Equity is where they do the work for a period of time and you collect from the customer. Then when the agreed time period is over they own the accounts.

Sweat Equity sales have some risk and of course the agreed upon price should reflex that risk. Most reasonable year round mowing routes should be worth 3 months income. Factor in, this is high Mowing Season and deduct some Equity. Factor in you are financing and add Risk/interest. Your final price is what traffic will bare. Many mowing guy have no real understanding of what accounts are worth. I wish you good luck in finding a buyer.

PS. My pesticide company gets 2 to 3 calls, letters or E mail each month wanting to buy my accounts. These are from large Corporations who know it is cheaper to grow a business by buying accounts.

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  #3  
Old 06-25-2014, 09:34 AM
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easy-lift guy easy-lift guy is online now
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If you do not have your health you have nothing. Sell either some or all if your accounts and get better.
easy-lift guy
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  #4  
Old 06-25-2014, 04:17 PM
minx minx is offline
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Youare right easy lift... Ill,health comes as a shock, hadn't heard of sweat equity... Sounds a possibility... Open to anything, as I have some lovely loyal customers..too and wouldn't want to let a lot of them down... Wish a bigger company would just buy me out lol.... Then everyone would be looked after, workers customers etc
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  #5  
Old 06-25-2014, 04:26 PM
RussellB RussellB is online now
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Where are you located Minx? Sorry to hear your having health issues and hope you have a speedy recovery.
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  #6  
Old 07-04-2014, 05:27 PM
minx minx is offline
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Accts

South Orlando area....
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  #7  
Old 07-16-2014, 09:51 PM
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WES1 WES1 is offline
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Location: Polk County,Fl
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We had the opportunity of meeting on Tuesday...they are really awesome people.
It`s always nice to meet others whom have the same passion for this industry.
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