Selling a Lawn Maintenance Business

[Tj44]

I have a lawn maintenance business for sale in Upstate NY and here is a breakdown:
ACTUAL 2005

COMMERCIAL LAWN MAINTENANCE ACCOUNTS
• (6) Commercial Customers
• 496,000(+) sf/ 11.6+acres all mowed turf
• Sales: $ 52,000.00
• Labor Cost: $ 20,652.00
• Material Cost: $ 1,350
• Gross Profit: $ 29,998.00

RESIDENTIAL LAWN MAINTENANCE ACCOUNTS
• (22) Residential Customers
• 265,800 sf/6.23acres of mowed turf and full lawn maintenance services
• Sales: $ 51,800.00
• Labor Cost: $ 19,725.00
• Material Cost: $ 3,050.00
• Gross Profit: $ 29,025.00

GRAND TOTAL LAWN MAINTENANCE PACKAGE
• Sales:$ 103,800.00
• Labor Cost: $ 40,404.00
• Material Cost: $ 4,400.00
• Gross Profit: $ 58,996.00

Anyone got any idea what I might be able to get for this. I'm thinking around the $100,000 figure. There is equipment available and that totals about $10,000. I would like to offer a package deal. Most if not all these contracts will be signed prior to selling.

Tom



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[Tim Wright]

I asked my accountant this question a while back and I think his answer was 3 times the gross income for a year or an average of years.

You might want to ask your acountant what he/she thinks.

Tim