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I might get out of the biz!

Discussion in 'Lawn Mowing' started by Mowtown Mike, Mar 22, 2007.

  1. Mowtown Mike

    Mowtown Mike LawnSite Member
    Posts: 70

    This season will be by second full-time year of running my own business. I have made a lot of money and bought a lot of equipment and supplies.

    Last week a few local politicians asked me about running for Highway Superintendent for the Town. I come from a small town, about 6-7,000 pop. The job pays well, 55,000 plus benefits and a truck. The person who hold the position now has been there for at least 25 years and getting worse at the job. No one has run against me the last few elections.

    Elections are in November. What do I do with my customers and equipment? I would like to sell them to a friend of mine but for how much? I grossed about 100K. I have two toro Z's, 1 snapper wlkbehnd, skidsteer, 2 trailers and a 2006 F-350 dump, plus all the necessary small equip.

    I would like to keep some stuff and get rid of the rest. Keep some good customers and get rid of the rest.

    If I run, I might not win, then what. How much to sell? Thanks Mike
     
  2. razor1

    razor1 LawnSite Bronze Member
    Posts: 1,985

    Since the election is in Nov, and the season is winding down by that time. Can you juggle both at least until you know you're elected?

    I'd go for the Gov. job. You can't beat the workload, benefits and pension of Uncle Sam. Since you are elcted to this position, what type of job security do you have? Are there "term limits"?
     
  3. Metro Lawn

    Metro Lawn LawnSite Silver Member
    Posts: 2,101

    You can always pay someone to run your route for you and still make a little extra money from the lawn biz without giving it up, just in case the job doesn't pan out. This way you still have your bisiness to fall back on in case of an emergency.
     
  4. kpyoung

    kpyoung LawnSite Member
    Posts: 53

    I agree with MetroLawn, try and get someone to run the business, it sounds like a money-maker.

    Just curious...how is a town of 7000 people able to pay $55k plus benefits for a road commissioner?
     
  5. J&R Landscaping

    J&R Landscaping LawnSite Fanatic
    Posts: 5,097

    I would definitly try to hold onto your business if at all posible. You should be able to get someone to work your route and such.
     
  6. LindblomRJ

    LindblomRJ LawnSite Silver Member
    Posts: 2,570

    Keep the business. Find someone to run it. If need be put your share of the earnings into a trust when you get out of office.

    Then you have to get elected. Politics is so fickle.
     
  7. NNJLandman

    NNJLandman LawnSite Bronze Member
    Posts: 1,306

    My question to you is if you win the election in November wouldnt the job start in the new year, meaning you would be able to finish the season and know if you got the job or not. I could be wrong, but usually appointed positions start the first of the year. Otherwise, I'd hold on to your route, pay your friend to run it for a while, do what you can, this way you can break your friend into the business before you sell it to him, if you have too, but dont give it up yet.

    Jeff
     
  8. cward

    cward LawnSite Member
    Posts: 190

    Keep the business and scale back. Way to profitable to get rid of completely. Tax breaks, tax breaks, tax breaks. What an incentive.
     
  9. GreenN'Clean

    GreenN'Clean LawnSite Bronze Member
    Posts: 1,512

    Id keep the Business and hire someone to do your route as you do the Superintendent job
     
  10. Tim Wright

    Tim Wright LawnSite Bronze Member
    Posts: 1,034

    Keep the business, have someone else run it and use the gov cushion to build the business and sell it for retirement.

    Tim
     

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