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New from Minnesota

Discussion in 'Introduce Yourself' started by NHeinz, Sep 3, 2012.

  1. NHeinz

    NHeinz LawnSite Member
    Posts: 2

    I'm new to the site, but a veteran to the lawn care business. Been in the business for a little over 16 years working for a company out of Farmington, MN. I'm also in the process of hoping to buy the company. I joined the site to get some insite on what I should and shouldn't do on buying a current business and what I should know before going forward.

    BIGDOGMN73 LawnSite Member
    Posts: 32

    Welcome! Lots of business down in farmington?

    Posts: 1,343

    A few things off the top of my head. I have not purchased a business but here are some thoughts.

    - get their financials,
    - involve a good lawyer
    - no compete documents for current owners
    - purchase price to be paid over a period of time based on retention.
    - watch your hind end for people looking for blood in the water to pick apart the business during transition.

    Good luck!

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