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buying account?

Discussion in 'Lawn Mowing' started by Appalachian landscape, Mar 10, 2005.

  1. Appalachian landscape

    Appalachian landscape LawnSite Senior Member
    Posts: 453

    What kind of offer should I give to my old employer for some lawn accounts? He is getting out of lawn care completely, and focusing on home remodeling. I talked to him and he said he had at least 3 accounts he could give me maybe a few more. What kind of deal should we work out? Should I give him a one time fee or a percentage of the lawn? If it's a percentage, how long do we continue the deal? I'm not going to pay him forever.
  2. stevo22

    stevo22 LawnSite Senior Member
    Posts: 344

    ask him if you can just outright have em'....if you used to work for him, he has already got his money worth out of the yards with you cutting them while you worked for him...

    use the search...there are prob. a couple hundred threads about this subject...
  3. packerbacker

    packerbacker LawnSite Bronze Member
    Posts: 1,433

    If you know who they are just approach them on your own. Why would you pay for them?
  4. Mo Green

    Mo Green LawnSite Bronze Member
    Posts: 1,487

    The only way he can sell them to you is if the customers are under contract with him. If there is no contract, ask him to give them to you, or approach these customers on your own.
  5. Aaron Marshall

    Aaron Marshall LawnSite Member
    Posts: 136

    If he is contracted with them, and wants money for the accounts, do a one time payment. Percentage over time will kill you in the long run.
  6. ztoro

    ztoro LawnSite Senior Member
    Posts: 732

    just offer to cross market with him.. You can hand out his name and he can hand out your name... For three accounts its really not worth it...
  7. Mo Green

    Mo Green LawnSite Bronze Member
    Posts: 1,487

    I wouldn't do payments. A one time payment should be satisfactory if he won't give them to you. Just assure him that by giving them to you, that you can assure him that his former customers will be well taken care of. I'm sure they would appreciate that.
  8. John B Laidlaw

    John B Laidlaw LawnSite Member
    Posts: 95

    For a turn-key business, it is usually 2.5x-3x the monthly revenue unless more complicated formula is needed for potential or intellectual rights etc. but for three accounts, why bother?
  9. launboy

    launboy LawnSite Senior Member
    from indiana
    Posts: 273

    for just three accounts. Just go to the people, explain who you are and take them over.
  10. Appalachian landscape

    Appalachian landscape LawnSite Senior Member
    Posts: 453

    ARRRR! MATEY! I be the lawn pirate and I'm cutting yer grass or ye be walkin' tha plank! ARRRR! :D

    yeah i'm not going to pay him 2 or 3x what these pay, what if I cut them once and the people say they are going with someone else. I might pay him 50% of the first cut on every yard. I'm going to try to just get them free or maybe with a 10% one time free and a promise to hand out his business cards.

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