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  #1  
Old 04-06-2005, 09:25 PM
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bobwright007 bobwright007 is offline
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Join Date: Feb 2004
Location: Warrensburg, Missouri
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buying a lawn business

I was offered a lawn business today, The owner wants $25,000, he says he made $37,000 last year working 19 hours a week. The equipment consist of a brandnew Grasshopper with a diesel engine. To me that price sounds high, SO i just need some advice from those of you who have purchased a lawn company like this. And what routes i should take,
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Old 04-06-2005, 09:29 PM
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grass-scapes grass-scapes is offline
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Location: Greensboro NC
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Lots of threads JUST LIKE THIS. Did you search? Anyway, give a fair price for the equipment, and maybe the equivalent of a month or so of income per client you actually retain after the switch. if you pay up front, what guarantee do you have the clients will stay. What guarantee do you have he will not go buy new equip with your money and take all his clients back. BE CAREFUL
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  #3  
Old 04-06-2005, 09:35 PM
rdran5 rdran5 is offline
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Join Date: Jun 2004
Location: Newport News VA, Born and raised in Mcdowell County North Carolina
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How many accounts, any other equipment? Very few people on this site ave purchased a lawn care operation, most have worked at "building their own" over many years of trial and error, 37K gross or net? do you already have a truck and do you have any experience, did he do apps, installs or just lawns (cutting) ? Personally I would rather take the 25K and build my own business, do you get guaranteed contracts?
Just a few questions that I would ask, good luck.
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  #4  
Old 04-06-2005, 11:51 PM
StealthDT StealthDT is offline
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Join Date: Apr 2005
Location: Yorktown, VA
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I sold two businesses, one was my mowing division. Sold for $12K, which was a rip off, but hey, he really wanted it, so who was I to argue? Just simple math will tell you at 19 hours per week he's at $37.44/hour, given 52 weeks of work, which is seldom the case.

By the way rdran5, I'm near you, check out my website.
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  #5  
Old 04-07-2005, 12:22 AM
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Frontier-Lawn Frontier-Lawn is offline
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Join Date: Mar 2004
Location: North Port, Florida
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if i was you and did buy it i would have a lawyer draft up a DNC (Do Not Compete) form for him to sign. for a 1 year period he cant start up a new lawn bizz. just my :twocents:
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  #6  
Old 04-07-2005, 07:44 PM
rdran5 rdran5 is offline
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Location: Newport News VA, Born and raised in Mcdowell County North Carolina
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Stealth, I can't PM you and your web site is not listed, I tried but you have blocked the feature..
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  #7  
Old 04-07-2005, 11:30 PM
StealthDT StealthDT is offline
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Apparently my account hasn't been approved yet. I don't have PM's disabled. Just add a "dot com" to my nickname for my website.
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