Register free!

The Green Industry's Resource Center



Reply
 
Thread Tools   Display Modes
  #21  
Old 05-21-2013, 01:20 AM
mmrunyan1 mmrunyan1 is offline
LawnSite Member
 
Join Date: Nov 2012
Location: Wood River, IL
Posts: 16
Don't forget business registration, business insurance, taxes, liability, accounting cost, personal time spent that will increase, workers comp insurance, etc., etc. I wouldn't touch it for over 15K.
Reply With Quote
  #22  
Old 05-21-2013, 01:48 AM
herler herler is offline
LawnSite Gold Member
 
Join Date: Apr 2012
Posts: 3,857
Not to spoil the party but none of this thread matters any if you don't have the entire amount in cash money.
All of it and I'm surprised this isn't the first question people ask, because they should.

Bank ain't going to loan it to you.
And if you don't believe me, go and try.

So, you have that kind of money?
If you don't, it's no matter talking much further.
Few people do, why it's always the first thing I ask.
Reply With Quote
  #23  
Old 05-21-2013, 04:03 AM
cpllawncare's Avatar
cpllawncare cpllawncare is offline
LawnSite Silver Member
 
Join Date: Apr 2011
Location: Greenville, SC
Posts: 2,647
I would have to see tax returns, and a whole lot more, buying accounts is risky no matter what, your guaranteed to lose accounts. I bought 12 accounts last year and only have four left,luckily I didn't pay much for them and the highest paying ones are the ones still with me, I learned the hard way about buying accounts, people don't like change no matter what they might say. Good luck, but be careful and do your homework.TAX RETURNS!
Reply With Quote
  #24  
Old 05-21-2013, 06:17 PM
weeze's Avatar
weeze weeze is offline
LawnSite Fanatic
 
Join Date: Apr 2011
Location: weezertonfieldville, AL
Posts: 5,405
he really shouldn't lose any accounts since he is already the one running the crew that services the accounts. as long as you keep the same name of the company the people will never know the company has changed owners. they will see the same people showing up to work on their yard so they will think nothing has changed.
__________________
Reply With Quote
  #25  
Old 05-21-2013, 07:14 PM
Weekend cut easymoney Weekend cut easymoney is offline
LawnSite Gold Member
 
Join Date: Mar 2010
Location: Texas-The Hilly part
Posts: 3,663
Most company owners finance the sale to make things easier for the buyer...and agree to be a consultsnt for 6months or so
Reply With Quote
  #26  
Old 05-21-2013, 07:57 PM
birddseedd birddseedd is offline
LawnSite Bronze Member
 
Join Date: Jan 2012
Location: Kalamazoo MI
Posts: 1,912
Quote:
Originally Posted by weeze View Post
he really shouldn't lose any accounts since he is already the one running the crew that services the accounts. as long as you keep the same name of the company the people will never know the company has changed owners. they will see the same people showing up to work on their yard so they will think nothing has changed.
Exactly.

Best Way does my trash disposal. I see a best way dump truck. i get a bill from best way. i don't have a freakin clue who owns it. but if its sold and noone tells me then after the sale. i get a bill from best way and i see a best way dump truck

make sure you have in writing you can use the company name. or at least use it as part of your name so the bill seems to come from the same person.

The price seems about right. at least for what it would go for up here in michigan.

as far as how much you are getting from the accounts. i agree there is something off. 1000 / 4 cuts / 150 laws = 16.66 per cut. that seems low. should average at least 25 per lawn. up here in michigan anyway.
__________________
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
  #27  
Old 05-21-2013, 08:01 PM
pistolgripnova pistolgripnova is offline
LawnSite Member
 
Join Date: May 2013
Location: Lubbock, Tx
Posts: 13
Yes I do have cash in hand, I dont mess with debt
Reply With Quote
  #28  
Old 05-21-2013, 08:02 PM
birddseedd birddseedd is offline
LawnSite Bronze Member
 
Join Date: Jan 2012
Location: Kalamazoo MI
Posts: 1,912
thats alot of cash.

i forgot to ask. are said clients under a contract?
__________________
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
  #29  
Old 05-21-2013, 08:04 PM
pistolgripnova pistolgripnova is offline
LawnSite Member
 
Join Date: May 2013
Location: Lubbock, Tx
Posts: 13
Well its not 150 accounts that are serviced every week, a good number are but theres a lot of bi weekly accounts also...been kinda dry around these parts for 2 years.
Reply With Quote
  #30  
Old 05-21-2013, 08:06 PM
pistolgripnova pistolgripnova is offline
LawnSite Member
 
Join Date: May 2013
Location: Lubbock, Tx
Posts: 13
The largest of the accounts are, town home complexes and the like but the individual yards are not under a contract.
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 08:18 AM.

Page generated in 0.07483 seconds with 7 queries