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I want to know how much i should sell my business?

Discussion in 'Business Operations' started by GreenHor7, May 20, 2008.

  1. GreenHor7

    GreenHor7 LawnSite Member
    Posts: 131

    I have a guy interested in buying my business. I was wondering what it is worth. I gross around 1000 a week for mowing and do about 9000 with spraying for the year and i also do otrher miscellaneous things like mulching. He offererd 7500. Just for the accounts.
  2. bob

    bob LawnSite Platinum Member
    from DE
    Posts: 4,254

    I think 2 months of gross receipts is a fair price.
  3. GreenHor7

    GreenHor7 LawnSite Member
    Posts: 131

    Is this the general consensus.
  4. J&R

    J&R LawnSite Senior Member
    Posts: 835

    NO My company is 23 years old. Gross over 250,000 year profit of 35% .I wont sell for 2 months gross. Would sell for 2 years gross.
  5. DuallyVette

    DuallyVette LawnSite Gold Member
    Posts: 3,159

    Your compareing apples & oranges
  6. freedm2

    freedm2 LawnSite Member
    from PA
    Posts: 192

    Yeah Right:dizzy::dizzy::dizzy:
  7. mgugliotti

    mgugliotti Inactive
    Posts: 58

    Folks let's be real, you will probably never get 500k for a company that does 250k gross per year with 35%PM. There are formulas that you can use to figure the value of your business... just google "business value" or the like... I have bought and sold at least 10 businesses in my years of business, and as I have told people on here before, a business is only worth what some one will be willing to pay for it... so with that said to the guy that will see his business for 500k, I wish you the best, and my hat is off to you of you get that, you are one hell of a sales man. You should ask your accountant, they can tell you exactly how much your business is worth. Selling a business is a tricky thing, get advice, and get lots of it from you lawyer and your accountant, if you don;t you are selling yourself short.
  8. mikefuhr

    mikefuhr LawnSite Member
    Posts: 28

    i am wondering where your contracts and mostly located and if we could talk some more about it. thanks mike
  9. Lawnworks

    Lawnworks LawnSite Fanatic
    from usa
    Posts: 5,407

    Can your company run itself for one year w/out the owner? If not, you are crazy to think you will get 500k. If you run your business and do not have a manager in place... which I doubt at only 250k... your business is worth 10-15% of gross income plus fair value of equipment and property.
  10. brian_b

    brian_b LawnSite Member
    Posts: 37

    If you are interested in selling, I am interested in buying. I can make a quick and fair offer.

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