thinking about selling my business

Discussion in 'Lawn Mowing' started by a1lawncare, Jun 21, 2004.

  1. a1lawncare

    a1lawncare LawnSite Member
    Posts: 6

    Has anyone sold their business? If so how much are my accounts worth, equip,ect?

    chev 1/2 ton ex-cab 2x4, walker 25 hp 48", (2) snapper comm. 2 cycle mowers, red max trimmer, stihl trimmer, stihl edger, custom trailer, echo and stihl blowers.
  2. 1MajorTom

    1MajorTom Senior Moderator
    Posts: 6,074

    How many accounts do you have? What are you grossing off of these accounts per week?
  3. EastProLawn

    EastProLawn LawnSite Bronze Member
    Posts: 1,110

    My question exactly ? we need more info a1 lawncare.
  4. a1lawncare

    a1lawncare LawnSite Member
    Posts: 6

  5. EastProLawn

    EastProLawn LawnSite Bronze Member
    Posts: 1,110

    Everybody has different ways to figure out the value of a LC company. I would say in my opinion, sell the equipment outright at it's value and ask for about 6 months worth on the accounts.
  6. WeatherMan

    WeatherMan LawnSite Senior Member
    Posts: 693

    What year is you equip.
  7. EastProLawn

    EastProLawn LawnSite Bronze Member
    Posts: 1,110

    I don't believe in paying for accounts, but some guys do.
    I just don't feel like anyone can guarantee that the clients will at least stay on for a year. But good luck anyway, hope everything turns out alright .
  8. a1lawncare

    a1lawncare LawnSite Member
    Posts: 6

    95 chev, 96 walker w 450 hrs, 2003 trimmers and trailer
  9. packerbacker

    packerbacker LawnSite Bronze Member
    Posts: 1,433

    I think its cheaper to go door to door the it is to pay for customers. Anyone who buys customers are wasting their money.
  10. LwnmwrMan22

    LwnmwrMan22 LawnSite Platinum Member
    Posts: 4,372

    I think it depends on the type of accounts that you have.

    I do only commercial accounts, and I know most of the people pretty well. When I get to the position of it being time to sell out, I will talk to all the property managers well before hand and let them know, that over the years I have been more than fair to them, many times doing little things for free or for food or whatnot, and now, to be fair to me, that they would hopefully agree to keep with whoever buys my company for a year, therefore increasing the value of my company.

    I have 1 account that's $35,000 / year just for mowing, some that are $6-9,000 / year, most are $2-3000 / year so it would be in my best interest to get some money for the accounts.

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