Buying a account?

Discussion in 'Lawn Mowing' started by G_ Will28, Jun 6, 2011.

  1. G_ Will28

    G_ Will28 LawnSite Member
    Posts: 8

    My friend can no longer mow a apartment complex he contacted and wants me to buy him out. I would take it over on July 1st. I will make $3600 for the rest of this season. He wanted $7500 for a new (11hrs) Ferris z with a 48in deck and a 20hp Kawasaki along with the complex. The mower would be to small for me so Id have to sell it at the end of season. After doing some research I found that I might break just about even after mowing season. Id rather not put out the cash if im going to break even. He wont give me a price on buying just the account. How much do you think this account would be worth? I will bring in $3600 on the account minus expenses.
     
  2. THEGOLDPRO

    THEGOLDPRO LawnSite Fanatic
    Posts: 5,223

    I never buy accounts. If they decide to go with someone else your beat and out the money.
     
  3. G_ Will28

    G_ Will28 LawnSite Member
    Posts: 8

    They are under contract till October. My friend said they are looking for someone to also do the fertilization leaf removal and snow plowing. He doesnt do any of that for the complex but he said I would be able to contract them for that. I want to help him about but not lose out in the deal. He is a fireman and cant do it anymore. This is what I do for a living and would really love to ad the complex to my 76 other accounts.
     
  4. THEGOLDPRO

    THEGOLDPRO LawnSite Fanatic
    Posts: 5,223

    Under contract with him not you. They can opt out of the contract as soon as he sells the account to you. If he really is a good friend he would just give you the account if he cant do it anymore. Its shady to try and sell an account to a friend especially knowing he cant do it any more. This is why i hate weekend warrior part time hacks.
     
  5. SouthSide Cutter

    SouthSide Cutter LawnSite Bronze Member
    Posts: 1,333

    Bought a guy out a few years back. Mower, trailer and handhelds 17 accounts. Didnt want to but son wanted to do it. Gave him 10000 cash. Lost about 5 of the accounts before ever mowing, due to people moving. Still have the rest today. But will never do it again.
     
  6. G_ Will28

    G_ Will28 LawnSite Member
    Posts: 8

    He actually gave me a new account the day I looked at the mower but it was residential. Plus he gave me a hit on a commercial piece of property I can put a bid on. He did say if I took it over we would re due the contract so everything is in my name. Hes already talking with the complex about this. I already know he has no use for the mower and hes trying not to loose his ass on it cause he bought it back in April and I dont wanna lose out on the deal. I told him today that all I want is the complex not the equipment cause its not worth it for me.
     
  7. topsites

    topsites LawnSite Fanatic
    Posts: 21,654

    I hope your friend realizes a written contract isn't just some piece of paper he can blow off like however much garbage is in the truck!
    Folks, once you sign a contract you can't just up and quit when the temperature hits 90!
    It doesn't work like that, you'd probably almost be better off skipping bail lol

    That contract is a signed, legal document!
    I hope your friend realizes what this means is he can get sued if he bails now and he can get sued if he sells out!

    What happens is the management at the apartment complex will have to FIND someone as SOON as he's gone and
    what's going to happen mid-season is whoever they find will charge them whatever price and they won't have a choice
    but to pay it BUT they can sue your FRIEND for the DIFFERENCE, every penny that company charges them ABOVE the
    amount of the contract they can sue his butt for!
    And they probably will!

    Either way they can find someone else, once somebody skips contract they don't have to take whoever your friend decides.
    That could be why he's trying to sell if you ask me, because they'll still sue him and he's got your money.

    Yes sir, folks best stop dreaming and sleeping in and slouching and slacking off, this stuff is serious business!
    So he might want to re-consider his stance.


    :laugh: :laugh: :laugh: :laugh:

    This whole situation ain't right.
     
    Last edited: Jun 6, 2011
  8. THEGOLDPRO

    THEGOLDPRO LawnSite Fanatic
    Posts: 5,223

    The weekend warrior part time hacks are the ones destroying our industry, I have literally zero respect for them. i have said it in the past and i will say it again, If you cant make enough money in your so called "Career" and need to start mowing lawns on the side for extra cash to supplement your crappy job then you need to make some kind of life change.

    Stop stealing work from the hard working dedicated lco's who are trying to make an actual living and go work for taco bell.
     
  9. G_ Will28

    G_ Will28 LawnSite Member
    Posts: 8

    I'm sure he will do the complex till he finds someone to take it over. Out of the 100+ customers I have from mowing to leaf removal and so on I have never contracted anyone so I have no clue how any of that works.

    I would like to take over this complex so whats the best way to go about doing so?
     
  10. THEGOLDPRO

    THEGOLDPRO LawnSite Fanatic
    Posts: 5,223

    Best way would be to go directly to the complex management and tell them you know for a fact the current lco is a hack and cant do it anymore, Then have them sign you on for the rest of the season. That way you dont have to waste money and pay for the account.
     

Share This Page