approaching someone to buy them out

Discussion in 'Business Operations' started by smarino21, May 30, 2007.

  1. smarino21

    smarino21 LawnSite Senior Member
    Posts: 345

    how would you go about approaching someone to buy there company?
  2. topsites

    topsites LawnSite Fanatic
    Posts: 21,653

    I would wait to be approached, unless you just so happen to know they're selling, because if some fool approached me out of the blue and asked me that question ... But if you know they're selling, just go up and say hi and you might be interested.
  3. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    I would use a third party such as an A & D firm.
  4. smarino21

    smarino21 LawnSite Senior Member
    Posts: 345

    wats a ad firm
  5. bullethead

    bullethead LawnSite Senior Member
    from Texas
    Posts: 273

    I would call them up and explain to them who you are and what you do. Then let them know if they if they are ever interested in selling their business, you would like to talk to them. Whatever you do, keep any and all brokers out of the deal or you will not get the deal done at a fair price.
  6. Bill S

    Bill S LawnSite Member
    Posts: 184

    One of two ways: send a letter stating your interests in buying out their assets and accounts


    Pay them a visit, make some idle chatter and throw out a feeler.
  7. Nathan Robinson

    Nathan Robinson LawnSite Senior Member
    from 47712
    Posts: 317

    If you are thinking this far you obviouslly have seen someones company that you like. Let them know you admire what they have done and if they ever are looking to get out of the business and want their accounts to be taken care of the way they do to contact you..k bye
  8. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    Acquistion & Diversture firm...3rd party who helps others either find and buy a company or sell their business based for a % of gross sales usually or for a flat fee.
  9. Harley-D

    Harley-D LawnSite Senior Member
    Posts: 508

    I couldn't imagine someone who would be interested in buying accounts to approach it like that, but maybe. I also can't imagine walking up with a proposal and now knowing whether they're looking to get out of the business. I'ld be careful and play it smooth. He may be looking to make a deal on some far out clients or equipment or whatever. Get to know him first and talk once or twice before even bringing it up.
  10. mrusk

    mrusk LawnSite Gold Member
    Posts: 3,260

    If the people do not want to sell, just go for a hostile takeover.:laugh:

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