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Discussion in 'Starting a Lawn Care Business' started by kse1221, Apr 30, 2012.
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there was no post. try reposting your comment please.
Good advice....also tell him how difficult it is to find and keep good help.
This thread makes me glad I started when I was 19. 2013 will be my 6th year and I still have not made a dime thats been spent on anything but more equipment and food. Not sure if the OP plans on doing larger landscaping stuff but thats the equipment that will eat up your money for years and still have a long list of things you need.
It's all in what makes you happy. I made 49 and walked away and haven't looked back.
P.S. They called me the other week and ask me If I would work for them during the winter and I said yes.
Don't do it
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KSE, you need to buy a landscaping business, not start one. If you start one, everything everyone has said here will be true. You need to buy one at about a $1.2 mil sales level. Typically at that level you'll have several crew leaders in place and probably a person in an "operations manager" capacity that runs everything (i.e. NOT you). Check out Bizquest.com or Bizbuysell.com.
Expect to pay about $500-800K for such a beast, though, depending on many factors including your part of the country. You can finance using the SBA or better yet, seller financing. You can also leverage your 401k WITHOUT tax penalty. Check out Guidant Financial.
I've bought 2 landscape companies in the last 4 years using the above strategy and run about 8 crews with 2 ops managers and 2 office managers. One deal in Chicago and one deal in Florida fell through. I also brokered a deal that leveraged the buyers 401k in MI. Shoot me a PM if you want to learn more.
I think you would be better off building a different type of business. Selling a lawn care business seems to yield less than an average return.
not sure were you get theses numbers from but they are far from reality...
Not sure which way your going with this. All figures might be slightly low but its close if your not putting any salary into your expenses and working by yourself. You should be able to do more $ in a day and spend a little more too. Expenses working by yourself with good equipment should be about 25%. I assume these nubers are for an 8 hour day.