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  #101  
Old 12-11-2011, 08:47 PM
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JCLawn and more JCLawn and more is online now
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Quote:
Originally Posted by 360ci View Post
I can't see myself grossing $500K in lawn care unless I went all out and got into hardscaping, fertilizers and such. Lawncare can only pay so much these days. Everyone's getting involved. I got a flyer in the mail last weekend, he had lawn aerating for $45, lawn cutting for $25 and some other services at rather reasonable prices, but he's not insured. I know, I phoned him. I couldn't rent an aerator and do my lawn for $45 here, so that in itself seemed like a good deal, but if that aerator manages to go out of control and buggers up my house foundation or something, who's to pay? I am, for going cheap.

Anyway, I gross 15K in a good year, and take about about 8-10K depending on my labour costs. I have a couple part time students that help out in the summer and I don't mind paying them for a half days work each, when it would take me 12hours to do on my own. It makes it more relaxing and enjoyable. Most of my equipment burns less than 1L of fuel an hour, and my most powerful is 6.5hp. So, expenses are low. Largest expenses are insurance ($1050/yr), WSIB ($200/yr), and taxes (18-22%), with vehicle fuel & maintenance in there as well. I keep track of mileage to keep things as separate from personal use as possible, this makes calculating fuel use easy, if I combine things into a half-a-buck a mile maintenance cost. My trailer costs me $100/yr (averaged out over the last ten years), between tires (on it's third set - always bought used!) and bearings (just replaced last fall).

I'm not in it at the moment to go all out full time, but I plan to pick up a bit more this year only so I don't have to turn down any potential clients this year.

Running full time year round (with plow) solo, you could push for $80K net profit after all expenses, but you'll WORK for it. Gross would be in the $150K range, plow truck maintenance can be a killer. A friend of mine had a hydraulic line blow out on him at a client at 2am, since he couldn't lift the plow he phoned for service and they charged him not only an after hours fee of $150/hr (min 1 hour), but $82 and change to fix the hose on the spot. With taxes he had nearly a $300 bill, just for that. His plow system was in its third operating season and he paid $7200 for it installed. Us Ontarioians get raped even at the worst of times.
ya, i'm 20, I run solo, its my 3rd year, a full time college student, and with only 6-7 months of strictly mowing I grossed about 35k. If I got smarter on my prices and charged 50-70 a hour I could gross 100k by myself and have good profit margins.
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  #102  
Old 12-12-2011, 01:23 PM
douglee25 douglee25 is offline
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Subscribed.

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  #103  
Old 12-12-2011, 05:34 PM
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Quote:
Originally Posted by idealscape View Post
I certainly hope you are not referring to me when saying chest pounding. I never have nor ever will do that. I'm here on this site to educate as well as learn from everyone. I am no more impressed by our company than I am with the guy who works by himself and makes a living and raises a family. We had a desire to grow larger than that, to each his own. I hope you don't think I am trying to be better than anyone.
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Don't be discouraged. You will find all kinds on this site. Many are here to learn from each other and appreciate input from successful companies. Others are just bitter and jealous.
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  #104  
Old 12-12-2011, 05:58 PM
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Landscraper1 Landscraper1 is offline
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Originally Posted by Kiril View Post
I don't disagree with that, however obvious it might be. What I do disagree with is people who throw around gross earnings and equipment list. Who give a rats ass how much the other guy makes or what shiit he has? I don't judge people on how much money they make or how much equipment they have .... do you?
If you don.t give a rat's A## then why do you bother reading this thread? This thread was started to find out if their were any mid sized or large companies on this site.

I'm sorry if it offends anyone but, I don't understand why. No one has a problem when their is a thread asking about solo operators or LC's making under $100,000.

So, what's the problem asking who has a larger company. Many come on this site to learn form each other. I think we all can learn alot from these companies. When I first started out, their were not many places I could learn from but, anytime I came in contact with a more successful company, I would take advantage to learn what I could.

If you are happy as you are, then that's great. But, don't ruin it for others who want more in life.
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  #105  
Old 01-16-2012, 01:44 AM
GraZZmaZter GraZZmaZter is offline
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What seems to have went back and forth between individuals of this thread is their particular ideology of the exact definition of success. That can neither be defined or disputed!! What success is can only be defined from within. If your happy trucking around by yourself for 30 years banging out 45 accounts a week... than that is success!! If you knock out 10 million a year, work with 60 employees and have a list as long as the mississippi of equipment... than that is success as well. I feel we can all agree that success is defined as happiness. What makes you happy? Whatever you like to do... and only you can define that! Make your hobby a job and never work a day in your life....
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  #106  
Old 01-16-2012, 01:35 PM
32vld 32vld is offline
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Quote:
Originally Posted by GraZZmaZter View Post
What seems to have went back and forth between individuals of this thread is their particular ideology of the exact definition of success. That can neither be defined or disputed!! What success is can only be defined from within. If your happy trucking around by yourself for 30 years banging out 45 accounts a week... than that is success!! If you knock out 10 million a year, work with 60 employees and have a list as long as the mississippi of equipment... than that is success as well. I feel we can all agree that success is defined as happiness. What makes you happy? Whatever you like to do... and only you can define that! Make your hobby a job and never work a day in your life....
Success is not a good word because it leaves to much wiggle room. Most response's will be from small business' and solo operators. The Brickman's will not be here because they have no need to learn anything from us. We won't hear that much from mid sized because they are few in numbers. And most here don't have the knowledge base on mid sized experince to assit the mid sized.


One can be happy making $50,000 paying his mortgage and bills.

Thing is there is no one that would not be upset if $500,000 in sales fell into their lap. Or $5,000,000 for that matter.

You ever here of a person winning $10,000,000 lottery and say no keep $950,000 I only want $50,000.

Thing is if your not going hungry, eating good, paying off or paid off that mortgage, affording heat/AC, buy a new truck when the old one dies, health ins, etc.... they are content because needs are being met.

All this does is show we can be happy getting by, but would not be upset if luck caused us to continuely increase our sales.
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  #107  
Old 01-16-2012, 02:19 PM
nortonlawncare nortonlawncare is offline
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Great thread, even though i don't make 500k or ore a year. if the thread offends anyone then don't read it. but the OP wasn't saying grossing less doesn't make you successful, just wants input from larger companies such as his own
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  #108  
Old 01-16-2012, 07:21 PM
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tyler_mott85 tyler_mott85 is offline
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I feel like some readers need to be aware that profit is not what you pay yourself. Profit is how much money is left after you pay yourself.

I know different business models and different accounting theories will reflect this differently but any company that is grossing over $500,000 in sales is probably going to show their profit or loss after they pay all the employees and themselves.

Let's say two companies that gross entirely different amounts have the same profit margin. While they may have "profited" different amounts at the end of the year, the employees and the owners could all still be paid the same amount.

Profit is not what you take home at the end of the day.
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  #109  
Old 01-23-2012, 03:09 PM
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JimLewis JimLewis is online now
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I think a more accurate definition of profit is what you have left over after all of the company expenses are paid for [before owner salary]. Then, what you do with that profit is your business.

Let's say Company A grosses $1Mil a year in sales. After all business expenses, the company has $200,000 left over. The owner decides to leave $50,000 in the company account and pay himself a salary of $150,000.

Let's say Company B also grosses $1Mil a year in sales. After all expenses the company has $200,000 left over. This owner decides to leave $120,000 in the company account and only takes a salary of $80,000.

In either case, the profit of the company is basically $200,000. It's just been divvied up differently. That's the number that someone looking to purchase the company is going to look at - the $200,000. Because that's the number that the buyer has to work with. Then the buyer can decide how he wants to divvy that money up after he purchases the company. He's not going to be too concerned with what the previous owner's salary was. Because he is going to chose to do that differently. He's just going to be concerned with the gross profit (before owner salary).

This is the way we should look at it too. If we just looked at Company A having a profit of $50K and Company B as having a profit of $120K, that would be an erroneous assessment. Each company had a true profit of $200K. It's just what they did with that $200K that is different.
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  #110  
Old 01-23-2012, 07:22 PM
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torotorotoro torotorotoro is offline
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great read
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