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Old 01-09-2005, 12:23 PM
sod1 sod1 is offline
LawnSite Member
Join Date: Jan 2005
Location: Ontario
Posts: 2
Business Take Over

I currently help a friend who is very successful in the landscaping business in our area. He is a super guy and very knowledgable. He is reaching the age of retirement and this maybe his last year in business. I was thinking of purchasing the company and keeping him on as a part-time employee.

Any idea where to start?

Last edited by sod1; 01-09-2005 at 12:23 PM. Reason: spelling
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Old 01-11-2005, 11:10 PM
J Hisch J Hisch is offline
LawnSite Senior Member
Join Date: Nov 2003
Location: Evansville IN
Posts: 952
First, see what he will be asking. Then ask to see his gross sales or a profit/loss or balance sheet. Reveiw the Assests(mowing equipment) determine a cost for them, and then determine a cost you are willing to pay for the business. Work out the payment plan or go get the financing. Better to work out a plan with him though. Bank probably will not loan the money with out excess collateral. hope this helps.
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Old 01-13-2005, 01:09 AM
sod1 sod1 is offline
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Join Date: Jan 2005
Location: Ontario
Posts: 2
Thanks for the response. That is great info for a new guy. I will be speaking with him to see if he is interested in my proposition.

Take Care!!
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