Opinions wanted

Discussion in 'Business Operations' started by wojo23323, Dec 5, 2003.

?

Should I .......

  1. Bid now

    21 vote(s)
    100.0%
  2. Bid in 1 year

    0 vote(s)
    0.0%
  3. Don't bid at all

    0 vote(s)
    0.0%
  1. wojo23323

    wojo23323 LawnSite Senior Member
    Posts: 608

    Former co-worker is selling his business (he is relocating). I have been doing work fo him for 3 years. Always helped him out when he needed it. He also gave me some advice on how to start my lawn biz 5 years ago. I am giving him what $ he wants for the biz spread out in 12 pmts. He gets another offer that is 1k more then mine with 25% down. He says he will most likely take the better offer because in his words "business is business". If he loses any contracts next year that will affect the selling price negatively. I tell him OK, but I am going to bid the contracts when they are up because "business is business". He says I should wait 1 year until I bid. I've been doing these contracts for quite awhile and know how much they go for. What would you do? Bid them now, Bid them in 1 year or don't bid at all.
     
  2. olderthandirt

    olderthandirt LawnSite Platinum Member
    from here
    Posts: 4,900

    biz is biz his words, do them now, it only the $$$$ that seems to matter. So go get your share!

    Mac
     
  3. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    bid them now
     
  4. Frosty_03

    Frosty_03 LawnSite Senior Member
    Posts: 333

    go for it and bid now. as you said you know the accounts so you know what they are worth. GOOD LUCK
     
  5. Rustic Goat

    Rustic Goat LawnSite Bronze Member
    Posts: 1,194

    Your 'friend' has already answered this, get all the business you can handle and be thankful for it. If anything is ever said by anyone, well, business is business .........!
     
  6. crawdad

    crawdad LawnSite Bronze Member
    Posts: 1,939

    It looks to me that you had already made a payment? Then he backed out? Did you have a contract?
    Bid them now. Business is business.
    Crawdad
     
  7. Ric

    Ric LawnSite Fanatic
    Posts: 11,957

    Buzi is Buzi and unfortunate it is cut throat also. If you know the prices he is charging now then bid them $ 5.00 under and get them all. Customer will have some loyally for good service. But if they know there is a change coming down, they will jump ship. INSIDE INFORMATION is your key advantage here. By bidding them now you have made the customer aware of your services in case they wants to change in the future. Keep sending them letters.

    I have bought out several Business. It is a very good business practice if you can take on a lot in a short time period. You can double or triple your accounts over night. However be prepared. Also realize you will lose around 10% no matter what you do.
     
  8. fastpitcher

    fastpitcher LawnSite Member
    from PA
    Posts: 91

    Ditto! I agree with everyone above.
     
  9. walker-talker

    walker-talker LawnSite Platinum Member
    from Midwest
    Posts: 4,771

    Oh yeah....I agree....business is business.
     
  10. DUSTYCEDAR

    DUSTYCEDAR LawnSite Fanatic
    from PA
    Posts: 5,137

    BID NOW go 4 it take them all:laugh:
     

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