is this a good price

Discussion in 'Lawn Mowing' started by hgotti, Mar 9, 2004.

  1. hgotti

    hgotti LawnSite Member
    Posts: 55

    I own a landscape businees know with 90 accounts,but i want to get bigger I was offered to buy 50 good account ranging from 30 dollars all the way up to 100.00 all residentail accounts .He say he grosses about 50,000 a year,and is selling it for $15,000 do you think that is a good price
  2. sgoalie23

    sgoalie23 LawnSite Member
    Posts: 195

    what part of connecticut are you from?
  3. TreffertLawnWrx

    TreffertLawnWrx LawnSite Senior Member
    Posts: 277

    if its a good price to you then yes, its a good price!
  4. hgotti

    hgotti LawnSite Member
    Posts: 55

    watertown,i dont know if it is a good price that why i am asking
  5. twins_lawn_care

    twins_lawn_care LawnSite Senior Member
    Posts: 932

    That sounds like a fair price if they intend to stay with you. That's less 10 weeks of paying them off, then you start making money on them. It all depends on how quick you need to grow to add these accounts. If you need them all at once, then sounds like a deal, otherwise, slowly add them on with your own marketing, and market the area they are in heavily.
    I have no experience with buy outs, so take my advice for what you paid for it.
    Good luck with the business decision!
  6. hgotti

    hgotti LawnSite Member
    Posts: 55

    thanks alot twins

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