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selling accounts

Discussion in 'Business Operations' started by burchfieldf, Jan 17, 2005.

  1. burchfieldf

    burchfieldf LawnSite Member
    Posts: 2

    Does anyone have a "rule of thumb" for selling residental or commercial accounts. Thanks in advance for any replies.
  2. mickman

    mickman LawnSite Member
    Posts: 96

    I have bought out 3 lco's and I wouldn't pay more than 1-2 months income of contracts. If theres equipment to buy, compare used to new. Do a search on this topic
  3. burchfieldf

    burchfieldf LawnSite Member
    Posts: 2

    Thanks Mickman, This gives me a good place to start.
  4. MMLawn

    MMLawn LawnSite Gold Member
    Posts: 3,569

    Also unless you have them on Current Contracts that are transferable they are worthless to a buyer.
  5. Simplytrees

    Simplytrees LawnSite Member
    Posts: 6

    I don't think you can sell accounts. If you do who ever bought them is an idiot. Why buy when you can take for free with hopefully better quality work and it doesn't have to be an under cut of the others price. If their looking to get out then thats their deal, but don't ever pay for that.....
  6. mickman

    mickman LawnSite Member
    Posts: 96

    Well, then I guess I'm an Idiot. So if someone was selling their accounts,
    then you "act" like you were buying them, but really meeting they're clients, getting the prices, & then tell the seller, not interested, & then go steal the accounts for yourself. The lco's I bought got me into property's you can hardly get into {who ya know deal} I weed out the sheity ones and pick up more accounts. The lco's I bought didn't offer 1/2 the services my co offers

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