Factors to consider when selling a business ...

Discussion in 'Business Operations' started by horselady, Oct 16, 2007.

  1. horselady

    horselady LawnSite Member
    Posts: 42

    What factors do I need to take into account when trying to determine the value of my business to sell?

    Does anyone have personal experience in selling a business? If so, what did you learn from it and would do differently?
     
  2. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    Lots of factors to consider Lori...

    1. Equipment value (trucks, trailers, mowers, etc.)
    2. Longevity of your business
    3. Last 3 years Schedule C and/or Profit & Loss Statements
    4. Retained earnings and net profit
    5. Employee base (# of them and years with the business)
    6. Number of clients and retention (forget contracts, they mean squat)
    7. Diversity of your business (services offered)

    Many more I am sure...
     
  3. SwihartServices

    SwihartServices LawnSite Member
    Posts: 154

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