gross annual income

Discussion in 'Starting a Lawn Care Business' started by kyles landscape, Nov 27, 2012.

  1. kyles landscape

    kyles landscape LawnSite Senior Member
    Posts: 331

    How are some of you guys doin who have been in biz for 4 years or less

    About what are you pulling in,what are you shooting for, how did you go about achieving that

    Were did you start and were are you now? Lot of crews lots equip lots accounts etc etc and what are your plans for future growth or do u plan on getting out of the business for various reasons
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  2. biodale

    biodale LawnSite Member
    Posts: 177

    I would like to see how I am doing compared to others in the business.
    This is my 3rd year doing lawn care full time. Before that I did sprinkler blowouts only on a part time basis. My gross will be a bit over $230,000 this year. I have a mowing crew, a licensed pest control and fertilizing/broadleaf control applicator, and one sprinkler repair technician.
    For vehicles I have: one van for sprinkler repair; a 1-ton chevy diesel and 16 ft enclosed trailer for mowing, dodge diesel w/flatbed and two skid sprayers, a 1500 silverado, and just bought a F-250 powerstroke. I use these last two for landscaping and yard clean-ups. I also have a 14 ft mowing trailer currently used for yard clean-ups.
    I have two 185 tow-behind compressors. The compressors generate a lot of income for only a month of work.
    My profit runs around 25%.
     
  3. kyles landscape

    kyles landscape LawnSite Senior Member
    Posts: 331

    Well ur kickin my ass haha how much advertsing did u do/how'd u get ur customers

    Wht perc3nt residential to commercial
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  4. chuacro

    chuacro LawnSite Senior Member
    Posts: 598

    I would guess that you have atleast 6 employees. What is you labor cost?
     
  5. wegomow

    wegomow LawnSite Senior Member
    Posts: 389

    I would venture to guess that not many want to or will post their gross annual income, and the ones that do might be fudging the numbers to look good. Just saying.
     
  6. FLC2000

    FLC2000 LawnSite Bronze Member
    Posts: 1,840

    Gross means nothing. Its the net companies should be worried about.
     
  7. kyles landscape

    kyles landscape LawnSite Senior Member
    Posts: 331

    Well ill flip it around what percentage of profit are some guys pulling in and what can you do or do you do to increase that number
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  8. RSK Property Maintenance

    RSK Property Maintenance LawnSite Bronze Member
    Posts: 1,486

    not true i'm sure you will alot of people will gross their businesses annual gross income, because gross doesn't mean that much.
    that is very true. I'm 99% positive i will have broken the 6 figure mark this year, but no way did i net anywhere near six figures yet anyways. not too mention this years numbers are inflated greatly by that storm we had last year on october 31st. that has brought me over 40,000 in income this year is if not even 50 or 60,000 but next year i won't have that. so next year will be a test, but it will also be my third year in business and people are starting to notice me alot more, because of my rentless advertising and branding.
     
  9. biodale

    biodale LawnSite Member
    Posts: 177

    I posted to compare myself to how others are doing. Does it matter? I would just like to know. I think I have done well but I don't really know the industry standards.
    The numbers I gave are real and current. We are still doing clean-ups and the numbers will get better but I don't know exactly where we will end up for the year.
    I also agree the net is the most important and meaningful number. That I am not willing to post. I will say that as I have grown my expenses have increased dramatically. For instance I now have an office person. There is a lot of paperwork to do. Insurance on 5 vehicles and 3 trailers is high.
    I have 5 employees including myself. If the growth continues next year I will have to put on 2 new employees. Even at my size employees are a huge problem. They destroy the equipment, are late, don't care about their own or the lawn's appearance, etc. It is hard to find good employees. I have 2 exceptional employees. I could not have expanded without these employees. I keep them year around which increases my expenses, but I think it is a necessary expense to maintain the company.
    Also I put almost all of the income back into the company. I only have debt on the two newest trucks. I will take on debt, but I try to pay it off during the next season.
     
  10. kyles landscape

    kyles landscape LawnSite Senior Member
    Posts: 331

    Good for u man no bashin here!! How old are u? I grossed a measley 60k had a really hot summer and very poor winter but I did hire some one because I feel to get to that next level I need someone else so I took him in to train but might lose him due to the off season but hope not
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