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Old 10-28-2003, 04:29 PM
harvestmoon harvestmoon is offline
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Join Date: Oct 2003
Location: sellersville, PA
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Thinking of retirement!!

I am thinking of selling the buisness this winter. What do accounts go for in your areas. These are mostly lawn accounts. Some have mulching and two are full service (no fert.)


Does 75% of a years gross sound way off?

Thanks

Tom
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  #2  
Old 10-28-2003, 04:50 PM
Scraper Scraper is offline
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Join Date: Feb 2000
Location: SE Pennsylvania
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I believe the words you were looking for were career change. Do a search...there is plenty of info on selling and buying.
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Old 10-28-2003, 04:55 PM
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EagleLandscape EagleLandscape is offline
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Location: Garland, Texas
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75% of one years gross? Way to little! Think of a few years.
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  #4  
Old 10-28-2003, 05:22 PM
Mike Bradbury Mike Bradbury is offline
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Join Date: Jan 2003
Location: Fort Wayne,IN Zone 5
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Quote:
Originally posted by jwingfield2k
75% of one years gross? Way to little! Think of a few years.
BS
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  #5  
Old 10-28-2003, 05:54 PM
Tider6972 Tider6972 is offline
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Join Date: Jul 2001
Location: Alabama
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75% of one years gross? Way to little! Think of a few years

ROTFLMAO

that was a good one, but I think this guy was serious. eheh

No, it isn't likely to fetch that kinda money, but, HEY ! if you can get
it, it is worth it.

The search is the best idea, cause I fear the answer is gonna take some
time for you to accept.

Good luck !
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  #6  
Old 10-28-2003, 08:21 PM
ronslawncare ronslawncare is offline
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Join Date: Oct 2000
Location: longisland ny
Posts: 540
i know this sucks but the way the guys over here do it is one months worth/per account wow theres like no equity in this business .i dont know about comercial i was nvr aproach ed
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  #7  
Old 10-28-2003, 08:57 PM
turfsolutions turfsolutions is offline
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Join Date: Jan 2003
Location: southeast Pa.
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Depends on profitablity. Normally around 30-40% gross.
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  #8  
Old 10-28-2003, 09:17 PM
justmjc justmjc is offline
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Join Date: Oct 2003
Location: michigan
Posts: 261
Lawn accounts usually sell from 25%-30% of the annual income. Equipment runs from 50% and up. More than likely, you will be dealing with people that will need to have you hold a little financing, if your a large outfit. It's not uncommon for someone to come and bid for small down, payments for the remaining, and even want more concessions on top of that. Since not all customers will 100% follow new ownership, there should be a refund of the percentage that do not. Have an attorney draw up a good contract of sale. Good Luck

Mike
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