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  #11  
Old 08-16-2007, 06:20 PM
Bigray Bigray is offline
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Join Date: May 2007
Location: Tampa, Florida
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imo, this has the makings of a good deal.


the numbers sound good the equip. is in place the help will stay ?
once you meet with the cust. u will get a feel from them if they will give you a chance to earn their bus. / the goodwill that comes from the purchase.
their are benifits to buying a established route.
versus trying to build one up over time.
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  #12  
Old 08-16-2007, 07:13 PM
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echeandia echeandia is offline
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Join Date: Jan 2007
Location: Northern Virginia
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So have you made a decision?
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  #13  
Old 08-16-2007, 11:13 PM
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J&R Landscaping J&R Landscaping is offline
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I agree with fiveoboy on this. For less then 1/2 of his asking price, you can get the work. I was in a similar position earlier this summer but decided against it because I would rather grow something myself.
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  #14  
Old 08-16-2007, 11:30 PM
The Cutting Edge The Cutting Edge is offline
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Join Date: Apr 2007
Location: Cincinnati Ohio
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Well Guys I have made my desicion.. I have decided to go out on the limb and buy this guy out. Just by meeting with a few clients today that will be coming with the new biz I have already met with one client that wants a home that they had bought recently for 3.2 million on the Ohio river to have a hole new landscape design on this property.. I am guessing for this project to make my company atleast 25 stacks, so that pays for the business itself. All of the clients I have talked to in the past two days have been fine with the switch of ownership some have been happy due to the fact that I will be offering a few more services. I really think this is a good move for my company it will really improve my routes. I will let you guys know how it plays out for me. I want to thank you guys for all the point of views you had me look at. Thanks The Cutting Edge
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  #15  
Old 09-14-2007, 10:23 AM
DoetschOutdoor DoetschOutdoor is offline
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Join Date: Aug 2005
Location: S. IL
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Have you taken over the route yet? How are things going?
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  #16  
Old 09-14-2007, 10:35 AM
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All_Toro_4ME All_Toro_4ME is offline
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Join Date: Jun 2007
Location: Oklahoma City
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Quote:
Originally Posted by DoetschOutdoor View Post
Have you taken over the route yet? How are things going?

Yea, give us an update. What did you decide to do?
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  #17  
Old 09-14-2007, 10:36 AM
weeble67 weeble67 is offline
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Join Date: Mar 2007
Location: Defiance Ohio
Posts: 284
Yeah, Tell us how it turns out for you. We have all read the good, the bad, and the ugly, on buying people out. I personally thought this was a great venture for you. So far sounds like a great investment. We are all curious to hear your loss rate on customers and how the route is working. So let us know.
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  #18  
Old 09-14-2007, 10:50 AM
topsites topsites is offline
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Join Date: Mar 2005
Location: Richmond Virginia
Posts: 21,677
Quote:
Originally Posted by The Cutting Edge View Post
Hey TOPSITES I have been in business for 3 years and I have 10 good accounts and I bring in 3,500 a month off those accounts with just mowing, I don't see why you think 6,000 a month for 40 accounts is not feasable. I as well have a Z and dont have 5-8 years under my belt in the biz.. I think things in Virginia are a little to slow if your not bringing in these types of numbers.... I have seen the revenue for the past two years broke down on a monthly bases and the numbers are there. As for why he is selling is because he is moving back to California. As far as the $ 25 stacks I have that saved from this year alone. I gross well over 170,000.00 a year but I am a full line Landsaping and Lawn care business, we do everthing from mowing to escavation. The money is not the problem, I was just wondering if you guys thought it was worth it and if any have done it in the past and how it went for them.
Well ok, I see you say you have 4 years in and I have to respect that, the figures still seem lofty but in the end it comes down to cost... I see a lot of Lco's claim lofty figures and maybe they are true but what's the COST?

Because grossing 170k when the cost is 200k isn't very amazing at all, now with 4 years in I would assume you have a firmer grip than that on things, then again why are you asking? Of course I likely would ask too, I really am just trying to help, I did see my note is condescending and I will have to start working on not doting on other Lco's like I always do, for that I'm sorry and I do wish you the best of luck.
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  #19  
Old 09-14-2007, 11:01 AM
vermonta vermonta is offline
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Join Date: Aug 2004
Location: Vermont
Posts: 87
I had some advice as well but looks like I was to late
Sounded like it could be a good deal. Hope it worked out well for you.
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  #20  
Old 09-14-2007, 11:19 AM
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Runner Runner is offline
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Join Date: Jul 2000
Location: Flint, Michigan
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I don't know. It is said that it "brings in" $6000 a month ("roughly"). "BING IN" is a wide open term...especially with one Z and a wb. If this is gross, by the time you pay a crew and costs of a crew (taxes, payroll, ins., wear and tear, etc.), you are looking at whole different numbers. it is not like at 25 g's, this thing is going to "pay itself off" in 4 months. I am willing to bet the 6000 is gross on a GOOD month...not during July and August's drought season. I am with Topsites on this one....I know it's a done deal, but I would have to advise that on ANY case like this, Look at the books, look at the books, then look at them again...ALL the books.
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