Well I Did It Now!

Discussion in 'Lawn Mowing' started by Bob Shoaff, Jan 28, 2001.

  1. Bob Shoaff

    Bob Shoaff LawnSite Member
    Posts: 64

    Well I did it. Something I never thought in my entire life I would do. I payed for the competitions business. Has anyone ever done this? I really could not pass it up. She sold it cheap and it has big potential. She was just a mower and most of her clientele want the full meal deal. Hopefully it will work out like I think. If anyone else has ever done this I would enjoy hearing how it worked.
    Thanks, Bob
     
  2. kutnkru

    kutnkru LawnSite Silver Member
    Posts: 2,662

    We have a townhouse that we bought back in '96. We rent out both units. I have a guru in the business that cuts down the block from our proerty. I stopped one day and asked him what it would cost for the whole sha-bang.

    He gave me a quote and we haggled a bit, (I could take it or leave it) and I have not had any problems since. As a matter of fact we have referred each other out for work quite often. Its been a one hand washes the other type scenario.

    Would I do it again,
    YOU BET!!!

    Kris
     
  3. Barkleymut

    Barkleymut LawnSite Bronze Member
    Posts: 1,117

    I know a guy in Fla. who goes through dozens of employees every year and has had some problems with past employees. Well he has another company maintain his own home so now none of his employees know where he lives. Sounds like a good idea to me.
     
  4. HOMER

    HOMER LawnSite Gold Member
    Posts: 3,183

    Being from the south I guess I am a little confused. Did you buy her company or her services. :confused:
     
  5. jeffex

    jeffex LawnSite Bronze Member
    Posts: 1,933

    I think I got what you said, you bought out your
    competetion. I have a friend who has 160 lawns
    who is in my area. he got a full time job and
    wants to sell me 100 lawns. I am part time now
    so I can't handle the volume any way. I think
    if you can purchase accounts at a reasonable
    price go for it. My opinion is that $50 -90 per
    lawn is good depending on size. what did you pay
     
  6. bob

    bob LawnSite Platinum Member
    from DE
    Posts: 4,254

    Homer, I didn't quite figure it out either. Bob, If you did buy her out, how much did you pay?
     
  7. Bob Shoaff

    Bob Shoaff LawnSite Member
    Posts: 64

    First off, let me apologize for confusing everyone. I did buy her out and paid her $1,500.00 for 30 Customers so $50 a head. All she did was mow for them and all I have met with so far want the whole package deal. The potential off of this at this rate will be excellent. I have only been doing this part time but with all the marketing I have been doing, I gave notice to my corporate safety job and am on vacation for my last 4 weeks with the company. It's a huge step but if I do not jump in and focus 100% on developing a quality business then all I am doing is wasting my time and energy. I am a little bit scared but seeing the success of so many on Lawnsite as halped give me the much needed push.
     
  8. HOMER

    HOMER LawnSite Gold Member
    Posts: 3,183

    With a support system like this---------------how can you fail?

    Sounds like you got a good deal on the buyout and it ought to give you a jump start on your new venture.

    Good luck!
     
  9. Guido

    Guido LawnSite Silver Member
    Posts: 2,085

    Sounds like your making the right move, make sure to keep us updated on how your transition from part to full time goes and how the rest of the clients from the other compnay you bought turn out once you meet with them.

    I didn't post before because I too, even though I'm from the North, got a little confused. I did understand your post but then people started posting about hiring people to do their own lawns?? and I went off track.


    Barkleymut - if this guy didn't want the workers to see where he lived couldn't he have done his own lawn? That is pretty ironic havng someone else cut your lawn when your in the business. I've seen it once, and that was because a guy ran his business in a city almost 1.5 hours from his own house, but even then I told him he was a lazy S.O.B. for not buying a little mower and trimmer for the house. I guess its their perogative's! (spelling ;) )



     
  10. Likestomow

    Likestomow LawnSite Senior Member
    Posts: 997

    I think you are doing the right thing, Bob. New ventures are always scary, but this sounds solid. I wish you the best. In a few short months you will be reaping the benefits from this growth and the worry will be long past.
     

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