230 / 150

Discussion in 'Business Operations' started by fblandscape, Mar 20, 2003.

  1. fblandscape

    fblandscape Banned
    Posts: 776

    I found out through a friend the other night about 3 businesses which are going to consolidate and sell. The 3 businesses when put together would have about 230 clients. I believe about 4 or 5 employees. 85% of the lawns are under an acre in size. Most of the lawns are located within 3 towns which are all right next to eachother. There are about 30 or 40 which are located in about 2 or 3 other towns, which are not too far off. For the most part the companies are mow n' go. Not top of the line properties, while at the same time, no trailer parks. Lots of room for expansion with regards to landscaping and fert. My friend is the one who is going to be heading up the consolidation and sale from what I can tell. He is asking for roughly $150,000.00 no equipment though.

    Thoughts?
     
  2. TSM

    TSM LawnSite Senior Member
    from MA
    Posts: 711

    are you thinking of buying, or helping to sell em??

    If you're helping to sell I might be interested in talking, what state?
     
  3. GraZZmaZter

    GraZZmaZter LawnSite Senior Member
    Posts: 740

    How much does the company gross monthly. That seems quite expensive for only 230 medium-end clients. Are they all on contract? Need more details!
     
  4. dfor

    dfor LawnSite Senior Member
    Posts: 809

    That price seems really high to me. For $150,000, I expected you to finish up saying that in came with 2 trucks and a boatload of equipment. Just my .02 cents.
     
  5. fblandscape

    fblandscape Banned
    Posts: 776

    I am really just guessing on the price. Also, I do not know what the companies gross. I do know however that none of the equipment is worth taking. Better off to just buy everything new. Also, nobody is on contracts.
     
  6. Mike Bradbury

    Mike Bradbury LawnSite Senior Member
    Posts: 493

    you're not buying much for that kind of $$!!;)
     
  7. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    Hummm, let's see...

    230 accounts x $50 average(?) x 30 times a year = $345,000 Gross.

    Those people are dreaming, especially with no equipment to go along or contracts either. I'll pass on that one, thank you.
     
  8. GraZZmaZter

    GraZZmaZter LawnSite Senior Member
    Posts: 740

    Yeppers. That one would get the big bird from me!!
     
  9. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    $150,000??? No way Jose...1 too many 0's here:rolleyes: :rolleyes: :rolleyes:
     
  10. GraZZmaZter

    GraZZmaZter LawnSite Senior Member
    Posts: 740

    Rodfather

    Thats funny. I though exactly the same thing the first time i read it. Is that a typo??? Too many zeros?

    Than i waited for him to say it came with enough equipment to cut the state of Maryland in one day!
     

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