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Who has experience buying accounts?

Discussion in 'Lawn Mowing' started by Lawnworks, Aug 28, 2005.

  1. Lawnworks

    Lawnworks LawnSite Fanatic
    from usa
    Posts: 5,407

    I am interested in some feedback from people/companies that have bought accounts from other LCOs. How well are you doing now? What do you think is the average retention rate? What is key to have a successful client relationship? Any info is appreciated.
     
  2. J Hisch

    J Hisch LawnSite Senior Member
    Posts: 952

    I have bought out 2 companies, one was a trun key operation including equipment they turned about 95,000 I gave them 36,000 and got 2 scag riders, 4 trimmer, 4 blowers, 18" trailer, supplies and parts the other was accounts only, roughly 85,000 gave them 15,000.00 I had no problems with keeping any accounts, they usally saw they change for the better, we offered a more stable company image. Most peope are just wanting the property taken care of and for a reasonable price.
     
  3. Lawnworks

    Lawnworks LawnSite Fanatic
    from usa
    Posts: 5,407

    Did you buy the companies outright or set up a monthly payment?
     

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