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Old 01-26-2015, 02:19 PM
PGHSEALER PGHSEALER is offline
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purchase a route off of a sealcoating company going out of business

Has anyone ever bought a route off of a sealcoater going out of business? There are a little over 600 customer on the list and are only asking $1000.00 for it. I figure worst case scenario if i can only retain 25% or the customers with say somewhere around $80 net profit from each driveway. I'm looking around 12k for a $1000 bucks spent.

I think i could keep more but who knows. Just looking for advice from anyone that has done this before or thought about doing it. I could spend more than that on advertisements.

This is my 2nd year in the business and i would really like to expand this seems like a simple way to do it.
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Old 01-26-2015, 02:22 PM
onlythebest onlythebest is offline
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Sounds like a good deal how old are the customers?
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Old 01-26-2015, 02:35 PM
PGHSEALER PGHSEALER is offline
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the seller said the age varies. Some they have had for 7 years. Others who knows, i'm still waiting for more details as to the gross and net avg profit. I think it sounds like a pretty good deal myself. It's a gamble but i thing the chance of me atleast making my money back is high. Not hard to make 1k and i could gain new customers. I haven't worked in the area where the accounts are for sale so i could gain new customers by just driving in the neighborhood.
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Old 01-26-2015, 04:38 PM
Kawizx62003 Kawizx62003 is offline
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Sure are a lot of other ways to blow a grand and not get 600 names....do your due diligence .
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Old 01-26-2015, 04:54 PM
PGHSEALER PGHSEALER is offline
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That is what i was thinking. My wife doesn't feel the same way. But what the hell might as well give it a shot!
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Old 01-27-2015, 03:32 PM
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JFGauvreau JFGauvreau is offline
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I'd say definitely purchase his list for 1000$ bucks. 600 clients is big for that money, for sure you will loose some, because they will realized the company has been bought. (clients - owner relation wont be the same)

-Only way to get a new relation is if the 600 clients have all a email address, you could send out a mass mail telling them what is going on, that you will take over mr x that used to be doing it for year, that you are knowledge in the industry and you will take good care of them, giving them the same quality service they received before with mr x)

Worst case scenario, you spent 1000$ and didn't get any revenue, big deal, you can make it back in a afternoon.
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Old 02-01-2015, 11:13 AM
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shepoutside shepoutside is offline
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I'd go for it, not a lot to spend for the list. Make sure he's only selling the list to you, and not others, seen that happen before.
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Old 02-01-2015, 11:20 AM
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AI Inc AI Inc is online now
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Knowing nothing about sealcoating , Im curious. How ofton does one get it done and do most go with the same company on repeat rounds?
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Old 02-02-2015, 07:54 AM
iand iand is offline
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Why is he going out of business
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Old 02-02-2015, 04:15 PM
PGHSEALER PGHSEALER is offline
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he said medical reasons.
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