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Buying a lawn business.....

Discussion in 'Starting a Lawn Care Business' started by Firedog83, Jul 23, 2009.

  1. Firedog83

    Firedog83 LawnSite Member
    from Jax, Fl
    Posts: 3

    Any help would be greatly appreciated. I am looking into buying an existing lawn business but was confused on if its a deal or not. He told me he has 22 contracts on his account, which account for roughly $25,000-$30,000 in business per year. He told me his last 2 income statements for around $47,000.00-$49,000.00. All his equipment is included with it, he has a walker mower which is 4 years old and has 1000.00 hrs on it and the edger, trimmer, etc is all echo. He told me is average per yd is $40.00 do to the fact he bags the clippings. He told me he would sell for $15,000. Sounds like a fair deal to me but I would like more opinions. Thanks
  2. Ryall Landscaping

    Ryall Landscaping LawnSite Member
    Posts: 128

    He makes 25-30k off of 22 contracts..but makes 47-49k? So he has a ton of non-contract customers? Or?

    If you were to do it, with a lawyer, and have it all written out and have the customers understand what is going on, and you were GUARANTEED to have the 25-30k in your pocket from it, I would think it'd be worth it...But if the customers were able to leave, it could be a useless investment...I guess it all depends how you do it.
  3. Firedog83

    Firedog83 LawnSite Member
    from Jax, Fl
    Posts: 3

    Yeah he said he had more contracts but since the recession he lost some contracts but picked up more single cuts.
  4. tradeyouraccounts

    tradeyouraccounts Banned
    Posts: 344

  5. bohiaa

    bohiaa LawnSite Fanatic
    Posts: 5,220

    you will need an attorney, simply because there are a ton on Companys out there sinking in debt. there has to be a contract to where the debt does NOT follow the company, It, and if there is any. will stay with the owner.....
  6. tinman

    tinman LawnSite Bronze Member
    from ga
    Posts: 1,348

    sounds good but I would talk with an attorney like suggested before and also maybe go to score.org to talk with an experienced business mentor who might have more insights to this. It is free.

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