I sold my lawn business--they said i couldnt

Discussion in 'Lawn Mowing' started by premierlawncare, Jan 2, 2007.

  1. premierlawncare

    premierlawncare LawnSite Member
    Posts: 91

    Well, I got hit by a car while using a blower. I worked for 2 more months. Then I decided to sell my business and take a break. I wanted to heal my back (let God heal my back).

    I put it in the newspaper and sold it in 2 days.

    Many many members :hammerhead: here told me that lawn business cannot be sold. I am glad I think for myself and did not believe those misinformed people.

    Point is you can sell you business , people do all the time. I sold my by owner, but business brokers help people sell business to make their living.:clapping:
     
  2. Duekster

    Duekster LawnSite Fanatic
    from DFW, TX
    Posts: 7,961

    Funny, I got in to the LS biz because my neck was hurt.

    I don't do the work.
     
  3. premierlawncare

    premierlawncare LawnSite Member
    Posts: 91

    I might be getting back in , but i wont be doing the work. I will be making a business instead of being a self employed or owner operator.
     
  4. Liquidfast

    Liquidfast LawnSite Senior Member
    from Ontario
    Posts: 739

    Sorry PLC, but it appears as though you may have jumped the gun. The simple fact that you sold your biz and came back here to say you sold it and in one post stated you might get back into it would suggest that you didn't want out.

    If your plans are/were to, as you put it, run a biz and not be an owner/operator sounds a little, well, "How to run a lawn biz in 21 daysish".

    Why did you not keep the current biz going and hire out to do the work? IMHO, I would never sell off my biz if I had the slightest inclination that I might "return" to it.

    All the best and hopefully God heals you quickly.
     
  5. steve45

    steve45 LawnSite Bronze Member
    Posts: 1,325

    Hope you get well soon!
     
  6. Lawntime Mowers

    Lawntime Mowers LawnSite Member
    from KC MO
    Posts: 219

    So you sold it to prove a few guys on a discussion forum wrong? What?
    Now you want to start all over again? I'm easily confused but ahhhhhhh what???







    Man I'm truly sorry to hear about getting hit by the car. I've come way to close to biting it over the hood of a car while on mower and on foot. Let that be another lesson to me.
     
  7. Fantasy Lawns

    Fantasy Lawns LawnSite Bronze Member
    Posts: 1,913

    Good fore you

    Fore the most part ..... arguments against ability to "sell a business" is quite frankly ....most don't OWN a business nor Run one

    DON'T get me wrong but the most part .... a solo ....has a route .... a group of customers whom they may have been serving fore YEARS.... have a great run with em ..make VERY Good $$ n such ....great but over the years n in the long run ....that's all the still really have

    Those running a business ....have it set up as such ....so be it with employees, uniforms, lettered vehicles, mailed invoicing, payments made to the Inc. or LLC ...(that's a different story as selling an LLC it has to be re-stuctured .... while an Inc is just a stock exchange)

    My original foundation was to build a business .... have a good run at it ...build something up which is tangle to others ....as an asset ... I've removed myself from the daily dealing with the direct labor ...BUT still have personal contact with my customers

    Have trained those working fore the Inc as well as the foreman to have personal contact with the customers .... when I sell ....the individual whom buys (more than likely my foreman) will be set up fore success as long as they continue ....good reliable service, correct issues if needed, be consistent n things of this nature

    Again don't get me wrong ... I started as a Solo ...it's was good $$ ... perhaps better than now ...BUT ...I'm not tired & worn out ... I have other $$ interests ... can take vacation time in August ... If I got hurt in the past ...I was FUBAR

    Was this greater or less than $100K if I may ask ?? Also would it not have been possible to hold out till we go back to weekly cutting n enjoy that full monthly $$ with only 1/2 the cost
     
  8. lawnman_scott

    lawnman_scott LawnSite Fanatic
    Posts: 7,547

    What did you get for it? If you dont want to give a price, what % of yearly gross, and did you include equipment/trucks?
     
  9. Mike Fronczak

    Mike Fronczak LawnSite Senior Member
    Posts: 301

    If you sold it in two days, just my opion you weren't asking enough......or got really lucky.
     
  10. nobagger

    nobagger LawnSite Gold Member
    from Pa
    Posts: 3,065

    I dont know why some people said you couldnt sell your business, its yours! We bought out a guy this past season and I guess you could say it sold in a few days as well. I will never, ever!!!!!!!!! pay for a "customer list" again unless they sign with me and talk to me alone! The guy we bought out said he talked to all of his customers and they were willing to sign with us but I was so busy I didnt get a chance until late winter to talk to them about us and by that time it was too late. I blame myself but a customer list is worthless if they look elsewhere. We did however land about 75% of the customers, but there were some big, high dollar estates we didnt get.:hammerhead:
     

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