Ongoing daily/monthly expenses? HELP!

Discussion in 'Lawn Mowing' started by sheppard, Jun 19, 2001.

  1. sheppard

    sheppard LawnSite Senior Member
    Posts: 542

    Am going to the bank Thursday to present my projected first year expenses for a lawn company I am buying. Think I have most of them. (Been working the accounts for 6 weeks now). Thought you guys would post a few things that you have that creep up on you periodically.

    Thanks,
    Sheppard
     
  2. Premo Services

    Premo Services LawnSite Bronze Member
    Posts: 1,516

    Here are a few I thought of, I am sure there are a lot more.
    Licences for trailers
    Parts for equiptment that break
    new equiptment to replace old worn out stuff that you get with the company
    Fuel
    Maintenance of your vehicle, fluid changes, tires, etc.
     
  3. awm

    awm LawnSite Gold Member
    Posts: 3,354

    GAS ,OIL, INSURANCE,GAS, TAXES, EATS DURING DAY,GAS
    PLENTY OTHERS EQUIPMENT REPAIR PARTS,IS ONE
     
  4. jaclawn

    jaclawn LawnSite Senior Member
    Posts: 490

    Some A/P items:

    Advertising
    - Yellow PAges
    - Business Cards
    - Flyers
    - Newspaper ads
    - Vehicle lettering
    - Shirts/hats

    Equiment repair
    Equipment Rental
    Equipment Purchase

    Shop Supplies:
    Rags
    Grease
    Oil
    hand tools
    parts inventory
    cleaning products
    large shop tools (welder, compressor...)
    paint
    hardware items

    Office supplies
    Paper
    envelopes
    printer cartriges
    Toner
    Fax machine cartriges
    paper clips
    stamps
    checks
    deposit slips
    pens
    pencils
    business cards
    computer software


    utilities
    telephone
    fax line
    cell phone
    gas
    electric
    water
    sewage
    wast disposal
    property taxes
    property insurance

    bank service fees
    accounting fees
    legal fees
    licenses and permits
    vehicle registrations
    vehicle inspections
    vehicle repair
    vehicle purchase
    vehicle cleaning

    Insurance:
    LIability
    Workers COmpensation
    Vehicle
    Umbrella policy
    Property
    Bonds

    Cost of job materials
    Cost of inventory
    Payroll liabilities
    INtrest
    Savings
    New PC purchase every 3 years
    On the job food and beverage
    customer gifts
    Kickbacks (awe, just kiding)... Maybe not...
    Employee training
    Coutniuing eduication
    AAA membership
    Waste disposal fees
    POsting signs
    custom stationary
    film
    film developing
    safety equipment
    association dues

    I am sure that there are many more, theswe are just the ones that I can think of off the top of my head.

    And people wonder why we have to charge so much!
     
  5. GreenQuest Lawn

    GreenQuest Lawn LawnSite Senior Member
    Posts: 822

    :D well I think that prety much covers it :D
     
  6. awm

    awm LawnSite Gold Member
    Posts: 3,354

    think ill get out of the buisiness,ran out of money half way down your list:) later now
     
  7. HOMER

    HOMER LawnSite Gold Member
    Posts: 3,183

    I clean my own vehicle. Am I a better businessman?
     
  8. sheppard

    sheppard LawnSite Senior Member
    Posts: 542

    Good night ! Boy did you guys come through! Thanks very much. By the way- my bank appointment went very well. I'm approved to either buy the existing business or start my own. So from a negotiation perspective I could not be in a better position.

    Thanks,
    Sheppard
     
  9. MATTHEW

    MATTHEW LawnSite Senior Member
    from NE OHIO
    Posts: 665

    I think my business is pretty streamlined. You know
    I paid off most of my equip.I just really owe my
    sprayer unit and my lease for the truck.And I only
    do light advertising. My building I rent is dirt
    cheap. $100.00/mo. But when I get to the end of the
    month, the account is weak. I don't even buy things
    for myself! I really want a new dirtbike, but It's
    just not gonna happen. When I look at my books and
    see just how much is going out each month-it is just
    staggering!:angry:
     
  10. ScottH

    ScottH LawnSite Member
    Posts: 60

    Here's something to think about. Did you ask for a line of credit in conjunction with your bank loan. rarely will your revenue come in fast enough to pay your expenses and bills on a timely basis. bank's may provide a line of credit that you can use, much like a credit card, to enable you to keep your vendor credit good. Just remember that when cash does roll in to keep paying down on the line of credit to minimize the interest cost and to have it available again when you need it. one additional caution- don't use a line of credit to buy equipment!
     

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