Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #121  
Old 04-12-2013, 04:18 PM
JimMarshall JimMarshall is offline
LawnSite Senior Member
 
Join Date: Feb 2013
Location: NW PA
Posts: 252
Quote:
Originally Posted by jrs.landscaping View Post
The worst part is most of them are losing money and don't know it
I know.

Quote:
Originally Posted by Patriot Services View Post
Have you ever seen the value of a landscape business? Its enough to make you cry. Accounts are worth two months gross even under contract. Equipment is less than market value because its been used commercially. Then try to find a buyer. Nobody with enough money would buy an LCO. No bank is going to finance one either. If your smart you make as much as you can and put it into something far more profitable and stable. Its a pipedream if you think you can put 20 years into a LCO and think you will sell it for millions and retire the Hamptons at 50.
Posted via Mobile Device
Definitely agree that its better to invest properly, but it is possible for a LCO to build considerable equity.
Reply With Quote
  #122  
Old 04-12-2013, 04:25 PM
birddseedd birddseedd is online now
LawnSite Bronze Member
 
Join Date: Jan 2012
Location: Kalamazoo MI
Posts: 1,782
Quote:
Originally Posted by jrs.landscaping View Post
The worst part is most of them are losing money and don't know it
this obviously isn't the case else they would not be doing it

really what it comes down to is they are making their own wages and the only thing left over is just enough to pay the bills
__________________
Quote:
Originally Posted by jrs.landscaping View Post
wait why do you prefer Scag? I thought you owned a Bobcat that mowed the first American Colonies
Reply With Quote
  #123  
Old 04-12-2013, 04:27 PM
Patriot Services's Avatar
Patriot Services Patriot Services is online now
LawnSite Fanatic
 
Join Date: Jul 2006
Location: Tampa FL
Posts: 7,914
Quote:
Originally Posted by birddseedd View Post
this obviously isn't the case else they would not be doing it
Have you read Procuts story?
Posted via Mobile Device
Reply With Quote
  #124  
Old 04-12-2013, 04:28 PM
birddseedd birddseedd is online now
LawnSite Bronze Member
 
Join Date: Jan 2012
Location: Kalamazoo MI
Posts: 1,782
Quote:
Originally Posted by JimMarshall View Post
I know.



Definitely agree that its better to invest properly, but it is possible for a LCO to build considerable equity.
if your lco is making millions every year it could he sold foot quite a bit. there are some like that around here
__________________
Quote:
Originally Posted by jrs.landscaping View Post
wait why do you prefer Scag? I thought you owned a Bobcat that mowed the first American Colonies
Reply With Quote
  #125  
Old 04-12-2013, 04:31 PM
birddseedd birddseedd is online now
LawnSite Bronze Member
 
Join Date: Jan 2012
Location: Kalamazoo MI
Posts: 1,782
Quote:
Originally Posted by Patriot Services View Post
Have you read Procuts story?
Posted via Mobile Device
don't know who that is. read my edit.

and frankly ATM I'm one of the guys you are taking about. I do profit. or at least I make enough to have a slight chance at feeding my family
__________________
Quote:
Originally Posted by jrs.landscaping View Post
wait why do you prefer Scag? I thought you owned a Bobcat that mowed the first American Colonies
Reply With Quote
  #126  
Old 04-12-2013, 04:39 PM
JimMarshall JimMarshall is offline
LawnSite Senior Member
 
Join Date: Feb 2013
Location: NW PA
Posts: 252
Quote:
Originally Posted by birddseedd View Post
if your lco is making millions every year it could he sold foot quite a bit. there are some like that around here
What is your definition of quite a bit?
Reply With Quote
  #127  
Old 04-12-2013, 04:56 PM
jrs.landscaping's Avatar
jrs.landscaping jrs.landscaping is offline
LawnSite Silver Member
 
Join Date: Mar 2012
Location: Maine
Posts: 2,114
This is why procut's thread should be a sticky. I read the whole thread, there is A LOT of useful information that new guys could benefit from.

As for grossing 30k per year for the business..... I would work for someone else, unless I had a very large nest egg, or did this as a supplement to a regular job/pension.
__________________
Reply With Quote
  #128  
Old 04-14-2013, 07:40 PM
calvinslawnservices's Avatar
calvinslawnservices calvinslawnservices is online now
LawnSite Senior Member
 
Join Date: Feb 2010
Location: Grand Rapids MI
Posts: 473
Quote:
Originally Posted by JimMarshall View Post
What is your definition of quite a bit?
There is a company around here. That has 3 locations here in West Michigan. They did I think 10 million in sales and Brickman was going to buy them out if they could hold the sales at 10 million for 3 years. I think they lost a huge contract and never ended up staying at 10 million.

Note: This is all hear say, I'm not sure if the numbers are completely correct.
__________________
2008 Ford F-250
7*12 Single axle trailer
Exmark Lazer Z 60"
Toro 52" Proline
John Deere LT155
(2) Husky Backpack Blower BT150
Echo Edger
Echo Trimmer
and American Muscle
Reply With Quote
  #129  
Old 04-20-2013, 06:42 PM
dwlah's Avatar
dwlah dwlah is offline
LawnSite Senior Member
 
Join Date: Mar 2006
Location: Argo Al
Posts: 525
Not putting up with slow payers (dropped one already)
Not driving 30 miles out of the way to clear $20
Will pass on PITA yards
Will stick to minimum gate fee
Reply With Quote
  #130  
Old 04-20-2013, 07:34 PM
Classic Cuts Lawn Service's Avatar
Classic Cuts Lawn Service Classic Cuts Lawn Service is offline
LawnSite Senior Member
 
Join Date: Feb 2010
Location: Herndon, Virginia
Posts: 707
Quote:
Originally Posted by birddseedd View Post
i can see that, but what dog will poop within 1" of a wall?
You would be surprised where I find dog doo doo in my own back yard with my two dogs...let alone customer's back yards
__________________
Classic Cuts Lawn Service
Ford and Chevy trucks
Exmark, Toro, Honda mowers
Stihl and Echo handhelds
Commercial Applicator Certified in 3A and 3B
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 04:59 AM.

Page generated in 0.07245 seconds with 8 queries